US Treasury

4 items · Policy 4 · all entities

The US proposes an AI incident notification mechanism to China ahead of the Trump–Xi talks

After talks with Chinese Vice Premier He Lifeng in New York, Treasury Secretary Scott Bessent said the US has proposed a “notification mechanism” for artificial intelligence incidents that could affect national security, saying “moving from opaque to more transparency between the No. 1 and the No. 2 AI powers in the world is very important.” Xinhua described the discussions as touching on AI without giving specifics, and neither side has said what incidents the mechanism would cover (via AP).

Reported by pressAssociated Press (via ABC News) ↗ ·

Treasury and the FTC both refuse the frontier labs the carve-outs they asked for in exchange for slowing down

Treasury Secretary Scott Bessent told the House Financial Services Committee, answering Rep. Juan Vargas, that the labs have been “working on safety nonstop since the release of Mythos” but that what government “shouldn't do on safety is to give these labs a liability exemption,” characterising the ask as “we would like to all slow down, but please give us a waiver on liability, which should not be done” and saying “the best way to guarantee safety is that the creators are liable for what they build and generate.” The same day, FTC chairman Andrew Ferguson said at a Georgetown University event that “if companies are simultaneously coming to Washington and asking for a host of regulations and an antitrust exemption, all of my alarm bells go off,” and that “they're asking for barriers to entry that will insulate their incumbency from challenge.” Reuters reports Ferguson was answering Anthropic's request for a narrow waiver for certain kinds of safety conversations, made alongside its chief executive's warning that an agent swarm could take over the internet.

Reported by pressFedScoop ↗ ·

The BLADE Act would sanction foreign entities that extract US models through unauthorized access

Sen. Bill Hagerty, with Sens. Tim Scott, Andy Kim and Catherine Cortez Masto, introduced S. 5252, the Blocking Large-scale Adversarial Distillation Efforts Act, aimed at foreign adversaries extracting US models by circumventing technical controls, using fraudulent or unauthorized credentials and violating terms of use. It would “direct the Executive Branch to identify and publicly expose foreign entities behind these malign activities, coordinate with industry to improve detection, and authorize the imposition of Commerce Department export controls and Treasury Department financial sanctions against these foreign entities.”

On the recordOffice of Sen. Bill Hagerty ↗ ·

White House launches 'Gold Eagle', a Treasury-led clearinghouse for AI-discovered cybersecurity vulnerabilities

The White House announced GOLD EAGLE, a clearinghouse for coordinating cybersecurity vulnerability disclosure between government and industry, led by the Department of the Treasury with participation from DHS/CISA and the Department of War. The release states the initiative was established under Executive Order 14409 (signed June 2, 2026) and has already begun to intake and prioritize identified vulnerabilities and coordinate scanning verifications.

On the recordThe White House ↗ ·