“A bill to require reports regarding artificial intelligence-related job impacts, and for other purposes.”
No CRS summary available for this bill.
This section requires covered entities—publicly-traded companies and federal agencies—to disclose to the Secretary of Labor, no more than 30 days after each quarter's end, specified artificial intelligence-related job impacts in the United States, including the number of AI-related layoffs, hires, unfilled positions, individuals retrained due to AI, and other information deemed appropriate by the Secretary, along with corresponding North American Industry Classification System (NAICS) codes. The Secretary may incorporate these disclosures into existing surveys, including those of the Bureau of the Census (which must then share the data with the Secretary). This section further directs the Secretary, in consultation with the Office of Management and Budget and Office of Personnel Management, to prepare quarterly summary reports (including an annual year-end summary and net impact analyses every other quarter), publish them and underlying data on the Bureau of Labor Statistics website, and submit them to Congress no more than 60 days after each quarter's end. Additionally, within 180 days of enactment, the Secretary must issue regulations (with notice and comment), in consultation with the Securities and Exchange Commission and Secretary of the Treasury, to determine inclusion of non-publicly-traded companies based on workforce size, enterprise value, revenue, NAICS classification, or regional/national employment impact, ensuring proportionate requirements and confidentiality protections for proprietary or personally identifiable information. It defines artificial intelligence per 15 U.S.C. 9401 and covered entity as a publicly-traded company or agency.