AI framework calls on regulators to address sector-specific uses

The White House’s National Policy Framework on Artificial Intelligence (AI) released Friday includes several actions impacting credit unions. The framework outlines principles that balance state rights with a federal objective of promoting AI adoption across both the public and private sectors.

It also emphasizes that individual regulators should address sector-specific AI uses, rather than a single entity with broad jurisdiction.

In addition, the framework calls on Congress to:

• Preempt state AI laws that impose undue burdens. States would generally retain their ability to enforce general laws for AI developers and users;
• Provide AI resources to small businesses, such as grants, tax incentives, and technical assistance programs, to support wider deployment of AI tools. America’s Credit Unions specifically requested this type of assistance to help small credit unions fight fraud in Congressional testimony earlier this month;
• Augment existing law enforcement efforts to combat AI-enabled impersonation scams and fraud that target vulnerable populations such as seniors. America’s Credit Unions has emphasized the need for additional federal law enforcement coordination to combat scams;
• Prevent the federal government from coercing technology providers, including AI providers, to ban, compel, or alter content based on partisan or ideological agendas; and 
• Establish regulatory sandboxes for AI and provide resources to make federal datasets accessible to industry and academia in AI-ready formats for use in training AI models and systems.

America’s Credit Unions continues to call for a balanced and flexible approach to AI regulation to aid innovation and protect consumers.

Read the full framework