A bill from Sens. Blunt Rochester, Hirono and Schiff charges the departments of Labor, Commerce and Education with studying AI’s effect on the workforce and awarding grants…

The Consumer Safety Technology Act also calls for a Commerce-FTC study on how blockchain can protect consumers from fraud. The companion bill passed the House in July.

Jerome Powell told lawmakers that the technology’s impact on the economy is “probably not great” now, but it has the “potential to make really dramatic changes.”