VET Artificial Intelligence Act

The VET Artificial Intelligence Act directs the National Institute of Standards and Technology (NIST) to develop voluntary guidelines for testing, validating, and verifying AI systems. It establishes standards for both "internal" (self-conducted) and "external" (independent third-party) assurance processes to assess AI safety, privacy, and reliability. The guidelines will help AI developers and deployers (entities building or operating AI systems) evaluate risks and ensure systems meet intended purposes without prescribing specific solutions. NIST must create these guidelines through public input, including workshops and 30-day comment periods, and will establish an advisory committee to recommend qualifications for assurance providers. The law aims to support existing frameworks like NIST's AI Risk Management Framework while allowing industry flexibility.