TBD AI Act of 2024

This bill requires the National Institute of Standards and Technology (NIST) to develop and regularly update public guidelines for evaluating the trustworthiness of artificial intelligence systems used by federal agencies. The guidelines must cover safety, security, transparency, privacy, fairness (especially for protected classes), and other trustworthiness elements across all AI components - from data and models to human interactions and hardware. Federal agencies must evaluate existing AI systems used for automated decisions within two years to ensure compliance or stop using them, and new systems must meet the guidelines before deployment. Agencies must publicly label compliant systems, document non-compliant deployments with justification, and appoint a Chief AI Officer within 120 days to oversee implementation. The bill focuses on standardizing AI safety and accountability for government use, without mandating specific technical solutions.