Overview
- Publicly traded companies, certain private firms, and federal agencies would file quarterly reports to the Labor Department on AI-related layoffs, AI-attributable hires, retraining totals, and positions left unfilled due to automation.
- The Labor Department would compile the submissions into public summaries posted on the Bureau of Labor Statistics website after consultation with the Office of Management and Budget and the Office of Personnel Management.
- The Labor secretary could revise an existing survey or work with the Census Bureau to collect the required disclosures.
- The Treasury Department and the Securities and Exchange Commission would advise on potential reporting regulations for non-public companies.
- Some coverage notes the measure was circulated as a draft without confirmed introduction or finalized coverage thresholds, even as the sponsors released bill text and announcements.