American Economic Independence Act of 2024

• 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

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

• Competitive dynamics

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

• AI system security vulnerabilities
• Disinformation, surveillance, and influence at scale
• Cyberattacks, weapon development or use
• Fraud, scams, and targeted manipulation
• Governance failure
• AI possessing dangerous capabilities

All other risk subdomains had no coverage in this document.

Risk Coverage Summary

The document has minimal to good coverage of approximately 6-8 subdomains, with primary focus on malicious actors (4.1, 4.2), AI system security (2.2), competitive dynamics (6.4), and governance failure (6.5). Coverage is concentrated in security, geopolitical competition, and national security domains related to U.S.-China AI integration.

Sector coverage

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

• Agriculture, Mining, Construction & Manufacturing
• Information
• Finance & Insurance
• Scientific Research & Development Services
• Health Care & Social Assistance
• National Security

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

• Trade, Transportation & Utilities

All other sectors had no coverage in this document.

Sectors Summary

This document governs multiple sectors through mandated risk assessments of U.S.-China economic integration. The ten priority sectors explicitly identified include: Financial Services, Information (AI, communications, cloud systems), Scientific Research (quantum computing), Manufacturing, Health Care (pharmaceuticals, medical technology, biotechnology), and aspects of Trade and Utilities (critical minerals). The governance mechanism is assessment and reporting rather than direct regulation.

Legislative Status

Hard Law

Legislative Status Summary

This is a binding legislative bill introduced in the U.S. Senate that, if enacted, would create mandatory reporting requirements with specific timelines and designated responsible officials.

Actors

Proposer

• Entity Types: AI_Governance_Actor
• Summary: The bill was introduced by Senator Romney and co-sponsors in the U.S. Senate and referred to the Committee on Finance, indicating these are the proposing entities.

Target

• Entity Types: AI_Governance_Actor
• Summary: The bill targets executive branch officials who are required to produce reports on U.S.-China economic integration, including AI sector integration. These officials must assess risks and provide recommendations.

Enforcer

• Entity Types: AI_Governance_Actor
• Summary: Congress serves as the enforcer through its oversight authority, receiving mandatory reports and having the constitutional power to ensure executive compliance with legislative requirements.

Monitor

• Entity Types: AI_Governance_Actor
• Summary: Congress monitors compliance through receipt of periodic reports. The Director of OMB coordinates the monitoring and assessment process across agencies, evaluating economic integration and risks.

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 assessing economic integration and national security risks related to AI as a priority sector. It addresses monitoring of AI sector integration broadly without detailed coverage of development, deployment, or operational stages.

Technical Scope

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

No technical scope terms identified.

Technical Scope Summary

The document explicitly mentions artificial intelligence as one of ten priority sectors to be assessed for U.S.-China economic integration and national security risks. However, it does not define AI models, AI systems, or specify technical categories like frontier AI, general purpose AI, or compute thresholds.