This bill requires companies to report to the Department of Labor on how artificial intelligence affects their workforce. Publicly traded companies and federal agencies must submit quarterly reports detailing the number of workers laid off due to AI automation, new hires brought in because of AI, positions left unfilled due to AI replacement, and employees being retrained because of AI technology. The Labor Department will then compile this information into quarterly reports and publish them on the Bureau of Labor Statistics website along with copies to Congress within 60 days of each quarter's end. The bill also directs the Labor Department to develop regulations within 180 days determining which large private companies should be included in these reporting requirements, ensuring the rules are proportionate to company size. No specific funding amount is mentioned in the legislation.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.