118th Congress · SENATE BILLBILL

S. 3050 — Artificial Intelligence Advancement Act of 2023

“A bill to require a report on artificial intelligence regulation in the financial services industry, to establish artificial intelligence bug bounty programs, to require a vulnerability analysis study for artificial intelligence-enabled military applications, and to require a report on data sharing and coordination, and for other purposes.”

Armed forces and national security

Introduced Oct 17, 2023

Last action Oct 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 17, 2023

Step 2

Referred

Oct 17, 2023

Armed Services

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the development of a bug bounty program within the Department of Defense (DOD) and requires various studies and reports related to artificial intelligence. The bill requires certain financial entities (e.g., the Federal Reserve System) to report on the knowledge gap on artificial intelligence. The bill also requires the Chief Digital and Artificial Intelligence Office (CDAO) within DOD to develop a bug bounty program for foundational artificial intelligence models being integrated into DOD missions and operations. Generally, a bug bounty program provides incentives to individuals to discover and report on vulnerabilities in an organization's software or systems. Not lat...

Provisions · 6 sectionsIntroduced in Senate

Timeline · 2 actions

Oct 17, 2023

Introduced in Senate

Oct 17, 2023

Read twice and referred to the Committee on Armed Services.