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Chronicles

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At a US House hearing, Treasury Secretary Scott Bessent said AI labs should get no liability exemptions and called for more open-source models built in the US

Matt Bracken /FedScoop:NEW

FedScoop Matt Bracken

Context & Ripple Effects

The administration had already cast AI model development as a strategic competition, including Treasury’s review of whether Chinese models were distilled from US systems. Bessent’s hearing position joins that competitive framing to a domestic argument for US-built open-source models.

The policy backdrop is becoming more concrete: Senate negotiators are weighing a duty-of-care proposal that could block unsafe model releases, while OpenAI had rejected an Illinois liability shield and backed stronger safety legislation. Bessent’s stance puts a Treasury voice against special liability treatment even as federal rules remain unsettled.

First-order effects

  • AI labs lose a potential Treasury advocate for liability exemptions, strengthening the public expectation that they bear responsibility for harms tied to their models.
  • US open-source developers gain high-level political backing as Bessent frames domestically built models as part of the response to Chinese competition.

Second-order effects

  • Senate advocates of a duty of care can point to Bessent’s rejection of exemptions when arguing that safety obligations should attach to AI companies rather than be traded away for industry support.
  • Labs seeking favorable federal treatment face pressure to separate their competitiveness case from requests for legal protections, while open-model proponents gain a clearer industrial-policy rationale.

Third-order effects

  • AI policy is taking on a two-track structure: governments may promote domestic model availability for strategic reasons while resisting blanket limits on developer accountability.
  • If that structure holds, the advantage will shift toward labs able to present both a credible safety posture and a role in US model competition, rather than treating those goals as substitutes.

The trend: US AI policy is increasingly pairing strategic support for domestic model ecosystems with demands that developers retain responsibility for safety and downstream harms.

Discussion

  • @cspan @cspan on x
    .@SecScottBessent says he has not seen any AI regulation that he would support: “I haven't seen anything yet.” [video]
  • @nancymace Nancy Mace on x
    The AI companies warning that AI is moving ‘too fast’ are the same ones moving too fast. As I've been saying all along, they can stop anytime. Today, Treasury Secretary Scott Bessent said: ‘They could stop anytime they want to. These people want you to give them regulatory sphere…