PYMNTS reports that a bill introduced June 25 in the U.S. House would require developers of frontier AI models to report models' dangerous capabilities, security breaches and safety incidents to the Secretary of Commerce. Per PYMNTS, the bill would empower the Commerce Department to determine which models are covered, require developers to file reports within seven days of discovering dangerous activity, and require Commerce to notify congressional leadership and committee chairs of the most serious incidents within 48 hours. The bill would also preempt state or local AI development laws for three years, according to PYMNTS. The article quotes Moran: "AI is a powerful engine of innovation, and I want to see it flourish, but not without accountability and not without human oversight," Moran said in the release.
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