New Bill Ted Cruz will allow companies to set their own rules up to 10 years

Wednesday, Senim Ted Cruz introduced legislation To create a “sandbox” regulation, it would enable artificial intelligence companies to experiment with minimal federal supervision.

The Law on Sessel, if the Congress, would allow companies to apply for modifications or disclaimers for testing and scheduling products or partially “at least one and the company” in returns should be disclosed to the consumer safety and financial risk plans.

Waivers would last for two years at once, up to 10 years, to return failed moratorium The resulting all regulations on the state level in decade, which sought to stop. That account was defeated In the Senate in July.

The power of approving these exceptions would rest with the Federal Agency whose regulations would otherwise be in force, such as the Federal Trade Commission stream Online Privacy Protection for Children. The renouncement would be approved automatically if the Agency does not respond within 90 days. If it was rejected, the company could complain about the Bite House of Science and Technology (OST), which would oversee the Sandbox program and has the authority to overcome the denial. Every year, Congress will receive a report on the number of times of the federal rules have given up or modified.

Group Liability of Technology Technical Supervisory Project calls Draft Law “Dear Treaty of Great Technological General Directors” that potentially gives companies donating to Donald Trumpy different set of rules from smaller startups. Consumer advocacy organization Public citizen warns In order for Bill to allow silicon valley to apply “quick moving and break things” according to laws and regulations. Both groups raise concerns about the law, which gives the OST power to overcome federal agencies, many of which already gambled Now-dismantled dog.

President Trump’s AI ACTION PLANAnnounced in July, it has approved the creation of sand regulatory boxes for AI companies. Trump plan also includes a Last door Moratorium By merging the assets of investment on the countries that regulate AI.

Cruz’s own country Texas forwarded AI law In June, which creates a similar regulation “Sandbox”, but limits it to 36 months.