AI PLAN Act

• Authority: United States Congress
• Parent authority: Federal government
• Jurisdiction: United States
• Collections: U.S. federal laws
• Most recent activity: Defunct
• Most recent activity date: 2025-01-03

Risk subdomain coverage

Minimal coverage — Brief mention but no specific mitigations, recommendations or governance measures relating to the risk subdomain are described.

• AI system security vulnerabilities
• False or misleading information
• Pollution of information ecosystem
• Disinformation, surveillance, and influence at scale
• Cyberattacks, weapon development or use
• Fraud, scams, and targeted manipulation
• Governance failure

All other risk subdomains had no coverage in this document.

Risk Coverage Summary

The document focuses primarily on risks from malicious actors using AI for financial crimes, with good coverage of fraud/manipulation (4.3), disinformation (4.1), and security vulnerabilities (2.2). It also addresses misinformation (3.1, 3.2) and governance mechanisms (6.5) through reporting requirements.

Sector coverage

Good coverage — Comprehensive governance measures or mitigations with clear procedures relating to the sector are explicitly described.

• Finance & Insurance
• Public Administration (excl. National Security)

Minimal coverage — Brief mention but no specific mitigations, recommendations or governance measures relating to the sector are described.

• Information
• National Security

All other sectors had no coverage in this document.

Sectors Summary

The document primarily governs the Finance and Insurance sector through its focus on financial crimes and market operations. It also addresses Public Administration (federal agencies' responsibilities) and has implications for Information sector entities involved in AI development and deployment.

Legislative Status

Hard Law

Legislative Status Summary

This is a binding legislative act introduced in the U.S. House of Representatives that uses mandatory language requiring federal agencies to submit reports and recommendations to Congress.

Actors

Proposer

• Entity Types: AI_Governance_Actor
• Entities: Mr. Nunn of Iowa; Ms. Spanberger; United States Congress; House of Representatives Committee on Financial Services
• Summary: The bill was introduced by Representatives Nunn and Spanberger in the House of Representatives and referred to the Committee on Financial Services, indicating these are the proposing actors.

Target

• Entity Types: AI_Governance_Actor
• Entities: Secretary of the Treasury; Secretary of Homeland Security; Secretary of Commerce; Federal departments and agencies; adversarial actors
• Summary: The Act targets federal agencies (Treasury, Homeland Security, Commerce) who must submit reports, and addresses risks from adversarial actors using AI for financial crimes.

Enforcer

• Entity Types: AI_Governance_Actor
• Entities: United States Congress
• Summary: Congress serves as the enforcer through its oversight authority, requiring annual reports and recommendations from the specified federal agencies.

Monitor

• Entity Types: AI_Governance_Actor
• Entities: Secretary of the Treasury; Secretary of Homeland Security; Secretary of Commerce; United States Trade Representative; Attorney General; Chairman of the Board of Governors of the Federal Reserve System; Director of the National Institute of Standards and Technology; Under Secretary of Commerce for Industry and Security
• Summary: Multiple federal officials are designated to monitor AI risks in financial crimes through annual reporting requirements and consultation processes.

AI Lifecycle Stages

Lifecycle stages covered by the documents, as defined in the OECD Framework for the Classification of AI Systems

• Operate and Monitor

AI Lifecycle Summary

The document does not focus on specific AI lifecycle stages but rather on monitoring and reporting the risks of AI use in financial crimes. It implicitly covers the 'Operate and Monitor' stage through its emphasis on ongoing risk assessment and incident response.

Technical Scope

Terms relating to technical scope that are mentioned or implicitly referenced in the document

• Generative AI

Technical Scope Summary

The document explicitly mentions 'artificial intelligence' throughout but does not define it or specify particular types of AI systems, models, or technical thresholds. The focus is on AI use in financial crimes rather than technical AI classifications.