technology
Senator Releases Draft Bill to Regulate AI Agents
A Virginia senator released a discussion draft that would create a federal registry of trusted AI agents and require them to act in users' best interest. The proposal aims to address privacy and security risks as autonomous AI tools expand in e-commerce and other sectors.
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A Virginia senator released a discussion draft Monday that would establish privacy and security rules for autonomous AI agents used by consumers. The measure would create a Federal Trade Commission registry of trusted AI agents and require those agents to act in a fiduciary-like manner when handling user data such as email accounts, e-commerce logins, and credit cards.
The draft would require AI agents to protect user privacy, act in a user's best interest, and shield businesses from unauthorized agents. It would also set rights and responsibilities for agents that access large online platforms. The senator said the bill is intended to give consumers real choice while ensuring AI agents remain accountable to the people they serve.
The senator is releasing the draft to gather feedback from stakeholders and the public before formal introduction. Morgan Stanley has projected that AI-powered shopping assistants could account for up to $385 billion of U.S. e-commerce sales by 2030.
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