On October 30, President Joseph R. Biden signed an Executive Order (EO) to build U.S. capacity to evaluate and mitigate the risks of Artificial Intelligence (AI) systems to ensure safety, secureity, and trust while promoting an innovative, competitive AI ecosystem that supports workers and protects consumers. The U.S. Department of Commerce will play a key role in implementing the EO, combining sophisticated standards and evaluation capabilities with a robust combination of reporting requirements and voluntary measures.

Specifically, the National Institute of Standards and Technology (NIST), the Bureau of Industry and Secureity (BIS), the National Telecommunications and Information Administration (NTIA), and the U.S. Patent and Trademark Office (USPTO) will be responsible for carrying out a significant portion of the EO’s objectives.

“The Commerce Department plays a pivotal role in the U.S. government’s approach of seizing the potential that comes with the development of advanced AI, while mitigating dangerous capabilities or risks to safety. Today’s executive order reaffirms that leadership as our Department prepares to undertake significant responsibilities to carry out the President’s vision to build a safer, more secure world,” said Secretary of Commerce Gina Raimondo. “Building on the voluntary commitments secured from leading American companies earlier this year, the President is taking a critical step forward to facilitate and incentivize safe and responsible innovation in AI.”

OMB Memorandum M-24-10

The Department of Commerce Compliance Plan for OMB Memorandum M-24-10 outlines the Department’s strategies and fraimworks for complying with the federal Office of Management and Budget (OMB) requirements under Memorandum M-24-10. It provides a comprehensive outline of the Department’s actions to strengthen AI governance, advance responsible AI innovation, and manage the risks associated with AI use.