McCormick floats dedicated department to handle AI
U.S. Sen. Dave McCormick, R-Pa., says putting AI regulation in the hands of the federal government poses risks and instead offered a different solution that he believes would be better equipped to handle the evolving technology. “I do think the idea of an industry-led group, maybe FINRA-like, where they establish regulations and oversight and compliance is a good idea,” McCormick said during an interview on Fox News Sunday. FINRA, under the oversight of the Securities and Exchange Commission, or SEC, is a self-regulatory organization for member broker-dealers that is ...
