"The legislative proposal - introduced Wednesday by Sens. Mark R. Warner, D-Va., and Josh Hawley, R-Mo. - would require publicly traded companies and federal agencies to provide quarterly reports to the Labor Department detailing the impact that using AI has had on their workforces. "Artificial intelligence is already replacing American workers, and experts project AI could drive unemployment up to 10-20% in the next five years," Hawley said in a press release."
"In addition to workforce retention and expansion figures, the legislation would also direct these entities to report job openings that were ultimately not filled because of the use of AI, as well as the number of their employees who were retrained as a result of AI's adoption. Labor is also given leeway to request other AI-related job impact data as it sees fit."
A bipartisan proposal from Sens. Mark R. Warner and Josh Hawley would require publicly traded companies and federal agencies to submit quarterly reports to the Labor Department detailing AI's impact on workforces. Covered entities must report numbers of employees laid off substantially due to AI, new hires substantially due to AI within 30 days of the previous quarter, job openings not filled because of AI, and employees retrained due to AI adoption. Labor may request additional AI-related job impact data. Non-public companies are not automatically covered; Labor, with the SEC and Treasury, must issue regulations within 180 days defining applicability.
Read at Nextgov.com
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