AI-Related Job Impacts Clarity Act
A new Senate bill, the AI-Related Job Impacts Clarity Act (S. 3108), would create a federal reporting framework for how artificial intelligence (AI) is affecting employment in the United States. The aim is to produce timely, public data on AI-driven layoffs , hiring, unfilled roles, and retraining, with the Department of Labor (through the Bureau of Labor Statistics) responsible for collecting and publishing regular reports. The bill is only in its early stages, but the following is an overview of the proposed law to date. Who is covered? Initially, “covered entities” include publicly traded companies and federal agencies . The bill also contemplates bringing certain non-publicly traded companies into scope through rulemaking within 180 days of enactment. That rulemaking must consult the U.S. Securities and Exchange Commission (SEC) and Treasury and consider factors such as workforce size, revenue, industry classification, and overall employment impact, while ensuring any re...