Calling immigration a “challenging subject,” Sen. Mike Rounds said the “best and the brightest” foreign-born workers are needed to take advantage of the emerging technology.

Financial regulatory agencies would house AI innovation labs to test projects without “burdensome regulation or expectation of enforcement actions” under the bipartisan, bicameral bill.

The bipartisan bill comes as House Republicans want to give the agency $500 million for AI and modernization while also barring enforcement of state-level AI regulations.

The bill would establish a program called “MedShield” that would use AI to protect against future pandemics.

Five bills from Senate AI Caucus co-chair Mike Rounds, R-S.D., proposals touching health, financial services and defense.

The roadmap for artificial intelligence policy encourages the executive branch and appropriators to support $32 billion in annual innovation funding.

Dozens of top AI minds and Senate leaders came together to discuss and debate how the federal government can ensure the U.S. remains a leader in AI…

More than 65 senators and top tech CEOs debated openness and transparency for AI systems at the first meeting, among other key issues.

"We fear that such an action sends the wrong message to our warfighters and to our adversaries," the senators wrote in a letter to DOD leadership.

The Senate Armed Services Committee has a new subcommittee focused on cybersecurity, with Mike Rounds, R-S.D., serving as chairman and Bill Nelson, D-Fla., as ranking member.