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Chronicles

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

Matt Bracken /FedScoop:

FedScoop Matt Bracken

Context & Ripple Effects

The hearing lands as Senate negotiators weigh a duty-of-care framework for AI companies that could allow the government to block models considered unsafe. OpenAI had already rejected a proposed Illinois liability shield while backing stronger safety legislation, creating a concrete precedent for labs accepting obligations rather than blanket protection.

Bessent’s position also joins AI oversight to competition with China: Treasury had said it would examine whether Chinese models were distilled from US systems and consider sanctions. Calling for US-built open-source models puts model availability alongside accountability in that policy frame.

First-order effects

  • AI labs have no Treasury endorsement for liability exemptions, strengthening lawmakers’ leverage to seek enforceable safety duties rather than broad carve-outs.
  • US open-source model developers gain high-level political support as Bessent frames domestic model availability as part of competition with China.

Second-order effects

  • Senate negotiators considering the proposed duty-of-care bill face a sharper divide between rules governing harmful model releases and claims that industry needs legal protection to develop competitively.
  • Labs seeking government legitimacy must reconcile safety commitments with an agenda that favors wider domestic access to open-source models.

Third-order effects

  • If this pairing holds, US AI policy will increasingly treat liability rules and model access as linked instruments of industrial competition, rather than separate safety and innovation debates.
  • The policy advantage may shift toward labs able to demonstrate both accountability to lawmakers and alignment with US strategic objectives.

The trend: US AI governance is moving toward a state-compatible model in which legal accountability and domestically controlled model access are both tests of strategic legitimacy.

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...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.’ This isn't about safety. …