What’s inside the House draft bill to regulate AI A bipartisan group of House lawmakers has unveiled a discussion draft for the Great American Artificial Intelligence Act, proposing a national framework to regulate AI development and preempt state laws for three years. The 269-page proposal establishes a Center for AI Standards and Innovation and mandates risk assessment plans for “large frontier developers” before releasing new models. It also aims to protect AI whistleblowers, increase penalties for AI-enabled fraud, and study AI’s impact on the workforce.

• A bipartisan proposal, the Great American Artificial Intelligence Act, has been released as a discussion draft by House lawmakers.
• The draft aims to establish a national standard for AI regulation, preempting state laws for three years.
• It proposes the creation of the Center for AI Standards and Innovation with a budget of $100 million per year from 2027-2029.
• “Large frontier developers” would be required to implement risk assessment plans and report safety incidents.
• The bill also seeks to protect AI whistleblowers, increase fines for AI-enabled fraud, and boost funding for AI literacy and research. Continue reading https://www.axios.com/2026/06/04/house-draft-bill-regulate-ai