This bill requires large companies and government agencies to report quarterly to the Department of Labor on how artificial intelligence is affecting their workforce. Covered entities—defined as publicly-traded companies and federal agencies, plus large private companies to be determined by regulations—must disclose the number of workers laid off due to AI automation, new hires resulting from AI implementation, unfilled job positions due to AI, and workers being retrained because of AI changes. The Department of Labor must then compile this data and publish summary reports and analyses on the Bureau of Labor Statistics website within 60 days each quarter, also submitting them to Congress. The bill gives the Labor Department 180 days to issue regulations determining which private companies with significant workforces or regional economic impact should be included in the reporting requirements, with protections to keep small business data confidential. No specific funding amount is mentioned in the legislation, but this creates an ongoing quarterly reporting and analysis requirement for the federal government.
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