The bill aims to create a 20-member commission charged with reviewing the government’s current approach to AI oversight, recommending new structures to roll out and establish a risk-based approach to regulating AI.

Introduced by Ted Lieu (D-Calif.) and Ken Buck (R-Colo.), the new bill comes amid concerns about that burgeoning AI industry, especially since the launch of OpenAI’s popular ChatGPT generative AI chatbot ChatGPT past November.

According to The Hill, Lieu noted the proposal aims to allow Congress to approve experts to guide lawmakers on how to proceed with regulation.

“Our bill forges a path toward responsible AI regulation that promotes technological progress while keeping Americans safe. Transparency is critical when legislating on something as complicated as AI,” Lieu said.

According to the text, commission members must have technical expertise or backgrounds in civil society or government, and create three reports for Congress and the president in the first two years.

In the first six months, the commission will submit a report that includes any proposals for regulatory action or urgent implementation, The Hill specified.

Separately, it was learned that Sen. Brian Schatz will introduce a companion version of the bill in the Senate.

In addition to this bipartisan bill, Senate Majority Leader Chuck Schumer previously introduced a framework for AI regulation.

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