Transcripts For CSPAN2 Sen. 20240703

How can we help americans keep their jobs i think what often keeps me up at night is the effect of a. I. Potentially displacing millions of American Workers if we fail to provide training for them we are on the cusp of a new Industrial Revolution with enormous promise but what has impressed me most dramatically today is that there is general acceptance of the need for some kind of regulation to achieve the promise but avoid the risk and danger and the framework that senator holly and i have proposed, requiring transparency, notice when there is use of a. I. , and about the mechanics of the algorithms, oversightov entity that is licee new models based on risk, avoidance of immunity like section 230 and real accountability Holding Companies responsible for the harm they caused each general ideas, i think arere gaining acceptance based on my reading of what was [inaudible conversations] talking about most powerful Technology People closed doors my hope is that everyone of those executives who are here this morning will agree to come before my Sub Committee, for example. We have had two hearings with executives like brad smith and sam altman my hope is these executives will agree to do the same in public under oath before the Sub Committee [inaudible conversations] for material factor with companies in the world will not comment im former attorney general i i wouldnt presume number one to talk about what they discussed but number two to speculate on violations of law. [inaudible conversations] of what happened sort of what well each of the participants is making can you realistically promise theres not going to be widespread job losses like is that congress to do with good exceptions but in practice are you able to prevent that . What keeps me up at night often is the potential for massive displacement of workers and we need to keep by training them and enlisting them empowering, and this new Industrial Revolution and part of the framework that senator holly and i have proposed the first bipartisan comprehensive framework for legislation includes fore seeing and doing something about that potential unemployment. From the legislation did you share any senator holly and i are working togetherr on real legislation. This forum is not to produce legislation our Sub Committee will produce legislation. My goal is not a informal behind closed doors discussion. Diits new law, not bills, but laws. Framework what was his reaction . As you know, senator schumer tweeted if i can use that tomorrow, posted very supportively about the framework im not going to go into what kids private discussions with me are. But he has said and he reiterated here that legislation should go through theh Committee Process like our Sub Committee of the Judiciary Committee and we are going to move forward. Well have more hearings. Were going produce a legislative draft i hope by the end of the year it will have detailed provisions relating to licensing, roormts for testing to avoid some of the very dire risks, we need to do what has been done for airline safety, car safety, drug safety, medical device safety, a. I. Safety is no different, indi fact, potentialy even more dangerous. Can come to a bipartisan consensus on a. I. Legislation . I think that this topic has already enlisted bipartisan interest and our framework has bipartisan support senator holly and i may differ on a lot but we are strongly united. First bipartisan framework detailed comprehensive set of proposals that will prevent some of the harm that are so much discussed and caused such fear. Well justified on part of the American People including job loss and to our national security. Senator things behind closed doors, senator. Sorry. What is most surprising or supporting thing theyve said behind closed doors today . Most surprising thing whats most surprising to me is that we have so many of these heads of companies altogether i think that picture says a thousand words. These tech executives giants of the Tech Industry are coming forward because they understand American People are rightly and understandably fearful about whatfu a. I. Could mean to their freedom, economic opportunity, we need to achieve the promise a lot of promise that apparel and a framework for legislation is a solid start. And the picture today is worth a thousand words of these executives. Ec coming forward, and my hope is again that they will appear also in open formo like our sub commite which will continue to have hearings also some of them have been altman, smith, ib mechanics was represented and were going move forward. [inaudible conversations] at this point on whether or not we have one that regulates a. I. Or