This bill directs the National Institute of Standards and Technology (NIST) to develop ways for companies and organizations to voluntarily report AI security and safety problems. The legislation asks NIST, working with industry groups, government agencies, and other stakeholders, to first establish clear definitions and standards for identifying AI vulnerabilities and then create a system for tracking significant AI-related incidents. The bill requires NIST to submit a report to Congress within three years outlining recommendations for how companies could voluntarily share information about AI security breaches and safety failures, including best practices and standardized reporting methods. The focus is entirely on voluntary reporting with no new enforcement powers granted to NIST, and all efforts depend on available appropriations for funding.
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