The SANDBOX Act, if passed by Congress, would allow companies to apply for modifications to or waivers from any "obstructive regulations" to the testing and deployment of products or services that use or contain "in whole or in part" at least one AI system. In return, companies would be required to disclose plans to mitigate consumer safety and financial risks.
In documents reviewed by Nextgov/FCW, the proposed regulatory sandbox program created within OSTP would allow participating AI companies to receive temporary exemption from external AI regulations. These temporary waivers would be available for "one or more covered provisions of an applicable agency in order to test, experiment, or temporarily provide to consumers artificial intelligence products or services or artificial intelligence development methods on a limited basis without being subject to the enforcement, licensing, or authorization requirements of such covered provisions."