There are over 1,500 AI-related bills under consideration at the state level, hundreds in Congress, and dozens of executive actions from the executive branch. These nearly 2,000 proposals indicate a recognition that market forces alone cannot govern the AI revolution.
While many proposed policy changes are thoughtful and represent steps forward, they are collectively insufficient. The common issue is their focus on current problems, rather than establishing a durable, comprehensive, and future-focused regulatory framework for AI.
Historically, national regulatory bodies like the SEC and NRC were established in response to crises. The author suggests that policymakers should proactively create a national regulatory body with a broad mandate to oversee the AI revolution, addressing both present and future opportunities and challenges, to avoid waiting for a crisis to occur.
Establishing a national AI regulatory body is not a complete solution. Such a commission would have a dynamic mandate due to AI's societal impact. Concerns include potential over-regulation and the need for continued oversight from legislative, executive, judicial, and public sectors. Balancing innovation with proper regulation in a global AI race is a significant challenge.
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Despite over 2,000 AI regulatory proposals across state and federal levels, none address establishing a durable, future-focused regulatory framework. The author argues for a proactive national regulatory body to oversee AI, rather than waiting for a crisis.