Artificial Intelligence Horizon Fund; Artificial Intelligence Advisory Council

(a) Definitions In this section: (1) Council The term Council means the Artificial Intelligence Advisory Council. (2) Fund The term Fund means the Artificial Intelligence Horizon Fund. (b) Artificial Intelligence Horizon Fund (1) Establishment There is established within the Treasury of the United States a fund to be known as the Artificial Intelligence Horizon Fund, which shall be administered by the Secretary of Labor to carry out the purposes described in paragraph (2). (2) Purposes The Fund is established to receive and maintain funds as may be deposited or appropriated to the Fund to invest in programs, initiatives, projects, and other endeavors to expand economic security, quality jobs, and community benefits, while mitigating harms associated with increased adoption of artificial intelligence, including to— (A) train workers for jobs that provide family-sustaining pay and benefits in high-demand careers that are resilient to projected future economic disruptions caused by technological change, including artificial intelligence and automation; (B) help workers transition into entrepreneurial projects; (C) promote wealth-building and business ownership for working families; (D) engage individuals in service and job-training opportunities; (E) ensure responsible development, deployment, and use of artificial intelligence; and (F) mitigate large-scale job loss from rapid artificial intelligence adoption. (3) Transfer authority To carry out the purposes of the Fund under paragraph (2) and in accordance with the allocations under paragraph (5), the Secretary of Labor may— (A) transfer or merge amounts in the Fund with accounts of the Department of Labor; and (B) transfer amounts in the Fund to the accounts of other agencies. (4) Appropriations (A) In general In addition to amounts otherwise available to the Fund, there are appropriated, out of amounts in the Treasury not otherwise appropriated, to the Fund— (i) for each fiscal year beginning after the date of enactment of this Act, the amount equivalent to the taxes received in the Treasury under chapter 50B of subtitle D the Internal Revenue Code of 1986, as added by title II of this Act; and (ii) $30,000,000,000, as a repayable advance, to remain available until expended. (B) Repayment of advance (i) In general The Secretary shall deposit in the general fund of the Treasury the amount described in clause (ii) for each fiscal year that begins after the date of enactment of this Act until the aggregate amount deposited under this subparagraph equals the amount that was appropriated to the Fund under subparagraph (A)(ii). (ii) Repayment amount The amount described in this clause for a fiscal year is the lesser of— (I) 10 percent of the amount appropriated to the Fund under subparagraph (A)(i) for the fiscal year; or (II) the difference between the amount appropriated under subparagraph (A)(ii) minus the cumulative amount of all deposits to the general fund of the Treasury under this subparagraph. (iii) Repayment timing Each deposit under this subparagraph shall be made before the submission of the recommendations of the Council under subsection (c)(4) for the fiscal year. (5) Allocation authority (A) Submission of cost estimates The President shall submit to Congress as part of the annual budget submission of the President under section 1105(a) of title 31, United States Code, detailed allocations, by account, program, and project, of the full amount available in the Fund as of the date of such submission in accordance with the recommendations of the Council under subsection (c)(4). (B) Alternate allocation (i) In general The Committee on Appropriations of the Senate and the Committee on Appropriations of the House of Representatives may, in any Act making full-year appropriations for the Departments of Labor, Health and Human Services, and Education, and related agencies, for a fiscal year, provide for alternate allocations of amounts available in the Fund, including by account, program, and project, for that fiscal year consistent with the purposes described in paragraph (2) and the recommendations submitted under subsection (c)(3)(A). (ii) Allocation by President (I) No alternate allocations If Congress has not enacted legislation establishing alternate allocations, including by account, program, and project, by the date on which the Act making full-year appropriations for the Departments of Labor, Health and Human Services, Education, and Related Agencies for the applicable fiscal year is enacted into law, the President shall allocate, by account, program, and project, the full amount available in the Fund as of the date of such submission in accordance with detailed allocations submitted to Congress under subparagraph (A). (II) Insufficient alternate allocation If Congress enacts legislation establishing alternate allocations, including by account, program, and project, for amounts available in the Fund that are less than the full amount available in the Fund as of the enactment of such legislation, the difference between the amount appropriated and the alternate allocation shall be allocated by the President, consistent with the purposes described in paragraph (2) and the recommendations under subsection (c)(4). (6) Inspector General Out of the amounts available in the Fund in any fiscal year, $7,500,000 for the fiscal year shall be transferred to the Office of Inspector General of the Department of Labor to oversee expenditures from the Fund. (c) Artificial Intelligence Advisory Council (1) Establishment There is established an Artificial Intelligence Advisory Council. (2) Mission The Council shall provide independent oversight and guidance to the President and the Secretary of Labor for purposes of ensuring amounts from the Fund are allocated in accordance with paragraph (4)(B) and the purposes described in subsection (b)(2). (3) Determination of significant labor market disruption (A) In general The Council shall— (i) regularly consider economic conditions and labor market indicators to determine if a significant labor market disruption has occurred or is likely to occur in a given fiscal year; and (ii) make a declaration if the Council determines that such a disruption has occurred or is likely to occur and publish such declaration in the Federal Register. (B) Conditions for consideration In order to make a determination described in subparagraph (A), the Council shall consider— (i) changes, or projected changes, in the unemployment rate and labor force participation rate; (ii) unemployment compensation claims and exhaustion of such benefits; (iii) notices filed under the Worker Adjustment and Retraining Notification Act (29 U.S.C. 2101 et seq.); (iv) job openings, hiring, separations, involuntary part-time work, and other measures of labor market turnover; (v) changes in real wages; (vi) sectors experiencing, or projected to experience, accelerated contraction; (vii) changes, or projected changes, in the demand for labor, including changes related to artificial intelligence, automation, or technological change; and (viii) other changes in economic or labor market conditions that the Council determines appropriate to consider. (C) Sources for consideration The consideration of the sources of information described in subparagraph (B) shall include the use of timely— (i) Federal data available, including data available from the Department of Labor, the Bureau of Economic Analysis, the Bureau of Labor Statistics, the Census Bureau, and other relevant Federal sources; (ii) State data; (iii) employer-provided data; and (iv) information, data, and projections provided by any source the Council determines appropriate. (4) Recommendations for allocation of Artificial Intelligence Horizon Fund (A) In general Not later than 60 days before the date on which the President submits an annual budget under section 1105(a) of title 31, United States Code, the Council shall submit to the President a recommendation of how the amounts in the Fund should be allocated for the upcoming fiscal year. (B) Requirements In making a recommendation under subparagraph (A), the Council— (i) shall, if a determination has been made in accordance with paragraph (3)(A)— (I) include in such recommendation a copy of the declaration made under clause (ii) of such paragraph; and (II) provide in such recommendation that, at a minimum, the recommended allocation fully funds increased payments to States under section 903(k) of the Social Security Act, as added by 502(b) of this Act, and section 505 of this Act before allocating any amounts under clause (ii); and (ii) may include in such recommendation amounts (in addition to the amounts described in clause (i) if the determination described in such clause has been made) for— (I) the workforce training programs described in the Workforce Innovation and Opportunity Act (29 U.S.C. 3101 et seq.), as amended by titles IV and VI; (II) transfers to the Corporation for National and Community Service for grants under the National Service for America’s Future program established under section 199P of the National and Community Service Act of 1990 (as added by title III) and for awarding completion awards in accordance with section 199R(c)(1)(B)(i) of such Act; (III) the entrepreneurship programs under the amendments made by title IV; (IV) the programs under title V (other than the provisions of such title included in the recommendation under clause (i)(II)); (V) the initiatives under title VII; (VI) transfers to the National Science Foundation for education and research, including for research and development or STEM education programs related to artificial intelligence, including the National Artificial Intelligence Research Resource; (VII) transfers to the National Telecommunications and Information Administration for broadband deployment, and for programs to expand access to internet service, devices, and digital skills, in unserved and underserved communities; (VIII) transfers to the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund under section 102(a) of the CHIPS Act of 2022 (Public Law 117–167) or the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Workforce and Education Fund under section 102(d) of such Act; (IX) transfers to the National Institute of Standards and Technology for work carried out by the Center for AI Standards and Innovation to provide for the safe, ethical, and responsible development, deployment, and use of artificial intelligence; (X) transfers to the Department of Education for grants related to career and technical education, STEM education, higher education programs, educator preparation programs, digital infrastructure, data interoperability, foundational literacy as it relates to artificial intelligence, and the implementation of resources, best practices, and guidance hosted by the National Clearinghouse for Artificial Intelligence Education described in section 703; (XI) transfers to the Department of Energy for financing through programs under title 17 of the Energy Policy Act of 2005 (42 U.S.C. 16511 et seq.) or programs under section 2602 of the Energy Policy Act of 1992 (25 U.S.C. 3502); (XII) transfers to the Department of Energy for research, development, education, or workforce training programs related to artificial intelligence; (XIII) transfers to the National Labor Relations Board or the National Mediation Board; (XIV) transfers, for the collection, analysis, and publication of data related to the impacts of artificial intelligence on the labor market, wages, business formation, or economic output, to— (aa) the Bureau of Labor Statistics; (bb) the Bureau of the Census; and (cc) the Bureau of Economic Analysis; (XV) transfers to the National Institutes of Health for research and development, clinical infrastructure, and workforce training related to health and artificial intelligence; and (XVI) transfers to the National Institute on Aging of the National Institutes of Health for research on the impact of artificial intelligence on older adults; and (iii) may not— (I) permit more than 3 percent of the Fund to be used for administrative expenses; (II) recommend funding activities that supplant funds otherwise available for such activities, or that displace an existing employee or position; (III) recommend an allocation with respect to which a member of the Council has a financial interest that has not been disclosed and from which the member has not recused; (IV) recommend funding any research, development, or deployment of artificial intelligence technologies that violate the privacy rights, civil rights, or civil liberties of an individual, or that discriminate against an individual on the basis of a protected characteristic; (V) recommend funding for any program or any activity that would prevent compliance with, or result in the violation of, any Federal, State, or local labor, occupational safety and health, employment, or disability law or any other law; (VI) recommend funding for any program that uses artificial intelligence systems, without the involvement of a human, to make determinations of benefits or eligibility, or that prevents an individual from exercising professional judgment to override an automated determination or subjects an individual to retaliation for doing so; (VII) recommend funding the development or deployment of artificial intelligence systems designed to displace workers, rather than to augment the capabilities of workers, improve job quality, or improve workplace health and safety; or (VIII) recommend funding the development or deployment of artificial intelligence systems or data collection activities used to surveil workers or to interfere with the rights of individuals, including the rights to organize and collectively bargain or discourage or prevent individuals from exercising any right under the National Labor Relations Act (29 U.S.C. 151 et seq.). (C) Considerations The Council shall consider any findings by the Office of Inspector General of the Department of Labor (acting using funding provided under subsection (b)(6)) in making recommendations for funding under subparagraph (B)(ii) for any fiscal year after such findings are made. (D) Review and modification by the President (i) In general The President shall review the recommended allocations from the Council under subparagraph (A) and may modify the recommendations of the Council if— (I) the modification complies with subparagraph (B); (II) the modification is necessary to meet the purposes of the Fund described in subsection (b)(2); and (III) the President provides the Council with a written justification explaining how the modification meets such a purpose. (ii) Modification Any modified recommendations under clause (i) shall be considered the recommendations of the Council for purposes of this section. (5) Role for the Office of Management and Budget In supporting the development of the Council’s recommendations under paragraph (4) and oversight of fund allocations under subsection (b), the Director of the Office of Management and Budget shall— (A) provide the Council with quarterly reports on the revenue projections of taxes received in the Treasury under chapter 50B of subtitle D the Internal Revenue Code of 1986 for purposes of determining the amount appropriated to the Fund under subsection (b)(4); (B) provide the Council with quarterly reports detailing expenditures from the Fund, as allocated in prior fiscal years; (C) assist the Council and the Secretary of Labor in developing annual implementation and performance plans to ensure consistent implementation of Fund allocations across the agencies and programs which are allocated funding; and (D) provide the Council with any other documentation, technical assistance, or requests for information related to the Fund. (6) Membership (A) In general The Council shall consist of 15 individuals appointed in accordance with this paragraph. (B) Expertise Each member of the Council shall have particular expertise, knowledge, and experience in matters relating to the mission of the Council. (C) Composition The Council shall be comprised of the following individuals and representatives: (i) The Secretary of Labor or a designee. (ii) The Secretary of Education or a designee. (iii) The Administrator of the Small Business Administration or a designee. (iv) The Chief Executive Officer of AmeriCorps. (v) The Head of the Directorate for Computer and Information Science and Engineering of the National Science Foundation. (vi) 10 members who are not officials of the Federal Government, including— (I) 2 individuals who represent labor organizations, of whom— (aa) 1 shall be appointed by the Majority Leader of the Senate; and (bb) 1 shall be appointed by the Speaker of the House of Representatives; and (II) 8 individuals— (aa) who have advanced qualifications and are widely recognized as scholarly experts on artificial intelligence, K–12 education, higher education (including as representatives of a minority-serving institution (as defined in section 115(d)(2)(B) of the Mutual Educational and Cultural Exchange Act of 1961 (22 U.S.C. 2465(d)(2)(B)))), community service, civil rights, digital equity, or workforce development (including with respect to delivering workforce development programs at scale in areas related to or affected by artificial intelligence); and (bb) of whom— (AA) 2 shall be appointed by the Majority Leader of the Senate; (BB) 2 shall be appointed by the Minority Leader of the Senate; (CC) 2 shall be appointed by the Speaker of the House of Representatives; and (DD) 2 shall be appointed by the Minority Leader of the House of Representatives. (7) Terms of non-Federal officials (A) In general The non-Federal officials appointed under paragraph (6)(C)(vi) shall serve a term of 2 years beginning on the date of the start of each new Congress. (B) Continuation of term Such a non-Federal official shall continue to serve on the Council if a new individual is not appointed to take their place on the Council after the start of a new Congress until the new individual is appointed. (C) Removal A non-Federal official may not be removed from the Council before the end of their term unless 3/4 of the Council votes to remove the individual from the Council for cause. (8) Chair; co-chair (A) Chair The President shall designate a chair of the Council, who shall— (i) be an individual appointed under clause (i), (ii), (iii), (iv), or (v) of paragraph (6)(C); and (ii) serve for a term of 2 years. (B) Co-chair The non-Federal officials on the Council shall select from amongst themselves an individual to serve as co-chair for a term of 2 years. (9) Regular meetings (A) In general The Council shall hold regular meetings to solicit input from the public and relevant stakeholders to inform the Council’s recommended allocations under paragraph (4). (B) Regional meetings The Council shall hold not fewer than 4 meetings per year in geographically diverse regions of the United States. (C) Public participation The Council shall take appropriate steps to allow members of the public to participate and share concerns relating to the mission of the Council. (D) Quorum Each meeting of the Council shall be attended by the chair or co-chair and not less than 1 out of every 3 members of the Council. (E) Voting (i) In general The Council shall vote on the allocations recommended by the Council to the President under paragraph (3). (ii) Voting by proxy Members of the Council may vote by proxy. (10) Reports Not later than 180 days after the date of enactment of this Act, and every 90 days thereafter, the Council shall— (A) publish all grants and disbursements using amounts from the Fund on a Federal Government website accessible to the general public; (B) publish a report summarizing the feedback provided to the Council at each regular meeting; (C) submit a report on the accounting of all assessments, collections, and disbursements from the Fund for the reporting period to— (i) the Committee on Health, Education, Labor, and Pensions and the Committee on Appropriations of the Senate; and (ii) the Committee on Education and Workforce and the Committee on Appropriations of the House of Representatives; (D) publish an annual performance report identifying data and evidence as to whether and how the expenditures made out of the Fund contributed to or accomplished the purposes of the Fund under subsection (b)(2); and (E) submit the report required under subparagraph (B) to the Comptroller General of the United States, which report shall include accounting information as the Comptroller General may request.