Trump Administration Weighs Finra-Like AI Watchdog for Top Models as SEC-Linked Plan Reaches White House
Updated
Updated · Bloomberg · Jul 18
Trump Administration Weighs Finra-Like AI Watchdog for Top Models as SEC-Linked Plan Reaches White House
3 articles · Updated · Bloomberg · Jul 18
Summary
A proposal now under White House Chief of Staff Susie Wiles’ review would create an independent body to vet the safety of leading AI models.
Treasury Secretary Scott Bessent helped develop the plan, which would mirror the Financial Industry Regulatory Authority by operating independently while reporting to the SEC.
The idea gained traction after Silicon Valley leaders complained that recent US efforts to slow releases of cutting-edge AI systems were ad hoc and unpredictable.
If adopted, the framework would give the Trump administration a more formal channel for overseeing frontier AI models with industry input.