• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Businesspeople applauding a female colleague, celebrating success in AI risk management. - Supply Chain News

New Legislation Seeks to Strengthen AI Risk Management in Federal Procurement

11/03/2023
China Resumes Canadian Canola Imports After Trade Tensions Ease

China Resumes Canadian Canola Imports After Trade Tensions Ease

01/29/2026
Port of Montreal Posts Container Growth in 2025 Despite Global Trade Uncertainty

UAE Logistics Network Expands Pakistan Shipping Options Through New Partnership

01/29/2026
UK Rail Freight Interchange Project Seeks Government Decision Amid Infrastructure Debate

Saudi Rail Authority Issues Tender for 10 New Passenger Trains to Boost Northern Network Capacity

01/29/2026
U.S. Trade Gap Nearly Doubles in Latest Data as Imports Outpace Exports

U.S. Trade Gap Nearly Doubles in Latest Data as Imports Outpace Exports

01/29/2026
U.S. Truck Parking Expansion Funding at Risk Amid Congressional Budget Battle

U.S. Truck Parking Expansion Funding at Risk Amid Congressional Budget Battle

01/29/2026
U.S. Weekly Rail Traffic Falls 4% as Intermodal and Carload Moves Slow Early in 2026

U.S. Major Rail Carrier to Submit Revised Merger Application in March After Regulatory Setback

01/29/2026
Global EV Market’s Continued Renaissance

New Truck‑to‑Air Multimodal Service Emerges on Asia–Europe Trade Lane

01/29/2026
Transportation Mergers & Acquisitions Set to Rise in 2026 as Deal Activity Heats Up

U.S. Trucking Regulator Stands Firm on Foreign Driver Rules Despite Multi‑State Pushback

01/30/2026
UK Postal Delays Over Christmas Hit Highest Levels in Five Years, Consumer Watchdog Warns

UK Postal Delays Over Christmas Hit Highest Levels in Five Years, Consumer Watchdog Warns

01/29/2026
Global Survey Shows 60% of Executives Prioritise Cyber Risk as Strategic Threat

Global Survey Shows 60% of Executives Prioritise Cyber Risk as Strategic Threat

01/29/2026
Electric Truck Fleet Expansion in Japan Highlights Logistics Decarbonisation Push

Canadian Trucking and Logistics Sector Loses Nearly 17,000 Jobs in December

01/30/2026
Parcel Network Reaches 90% Automation Target, Boosting Processing Capacity

Supply Chain Disruption Is Prompting Strategic Shifts Across the Americas

01/29/2026
supplychainreport
Wednesday, February 4, 2026
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

New Legislation Seeks to Strengthen AI Risk Management in Federal Procurement

by Richie
11/03/2023
in Compliance, Risk Management

A recently introduced Senate bill is set to enhance federal guidelines governing artificial intelligence (AI) technologies. The move reflects ongoing executive actions aimed at imposing regulations on the rapidly expanding AI industry. In this article, we delve into the details of the Federal Artificial Intelligence Risk Management Act and its implications.

Legislation Overview

YOU MAY ALSO LIKE

Supply Chain Disruption Is Prompting Strategic Shifts Across the Americas

Warehousing Leaders Stress Importance of Trust and Resilience for Supply Chain Stability

Sponsored by Senators Jerry Moran (R-Kan.) and Mark Warner (D-Va.), the Federal Artificial Intelligence Risk Management Act seeks to codify several measures outlined in President Joe Biden’s executive order on AI, signed earlier this week. Moran had previously introduced a similar measure as an amendment to the Senate version of the National Defense Authorization Act, but it was not adopted.

Companion legislation is anticipated to be introduced in the House of Representatives by Representative Ted Lieu (D-Calif.).

Key Provisions

The bill focuses on providing specific AI regulations through various federal entities, including the Office of Management and Budget (OMB) and the National Institute of Standards and Technology (NIST). Key provisions include:

  1. Development of Test and Evaluation Capabilities: NIST is tasked with developing test and evaluation capabilities for federal AI technology acquisitions.
  2. Guidance Issuance: OMB is responsible for issuing guidance to assist federal agencies in implementing NIST’s AI Risk Management Framework in their risk management efforts.
  3. Workforce Initiative: OMB is also required to establish a workforce initiative for federal agencies.
  4. Procurement Operations: The bill mandates the administrator of Federal Procurement Policy and the Federal Acquisition Regulatory Council to ensure that federal offices utilize NIST’s framework in their procurement operations.

The overarching goal of these provisions is to safeguard sensitive data processed through AI-based systems and mitigate inherent risks associated with automated systems.

Protecting the American People

Senator Moran emphasized the importance of applying NIST’s sensible guidelines, which are already being utilized in the private sector, to federal agencies. This ensures that as AI technology is integrated into government functions, it is done so with the aim of protecting the American people.

Moran stated, “AI has tremendous potential to improve the efficiency and effectiveness of the federal government, in addition to the potential positive impacts on the private sector.”

Bipartisan Efforts in AI Regulation

The Federal Artificial Intelligence Risk Management Act is the latest in a series of bipartisan efforts aimed at establishing greater safeguards around the development and utilization of AI. Recent Senate legislation proposed requiring AI developers to include notices for content generated using their systems.

In September, Senators Richard Blumenthal (D-Conn.) and Josh Hawley (R-Mo.) introduced an AI legislative framework designed to serve as a blueprint for enforceable AI protections. Key components of this framework include establishing a licensing regime for AI models, ensuring legal liability for AI-related harms, preventing the proliferation of AI technology to countries like Russia and China, promoting transparency, and protecting consumers.

Stay updated with supply chain news at The Supply Chain Report. Learn more about international trade at ADAMftd.com with free tools.

#FederalAIRiskManagementAct #AIGuidelines #AIGovernance #SenateAIRegulation #NISTAIStandards #OMBWorkforceInitiative #AIProcurementPolicy #AIBipartisanEfforts #AIinGovernment #AITransparency #AIGuidance #AIAcquisitionFramework #ProtectingDataAI #AmericanPublicSafety

ShareTweet

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.