Proposed US law would make AI risk reporting a legal obligation

US lawmakers on Thursday introduced a bill that would require developers of advanced AI models to report major safety and security incidents to the Commerce Department, establishing a federal oversight framework for high-risk AI systems. The proposed AI Incident Reporting Act would mandate that developers of designated “covered models” disclose incidents within seven days of knowing, or reasonably believing, that one has occurred. For incidents posing an imminent or ongoing risk of serious harm,