To require the Secretary of Commerce to establish the Federal Advisory Committee on the Development and Implementation of Artificial Intelligence, and for other purposes.

Fundamentally Understanding The Usability and Realistic Evolution of Artificial Intelligence Act of 2017 or the FUTURE of Artificial Intelligence Act of 2017 This bill directs the Department of Commerce to establish the Federal Advisory Committee on the Development and Implementation of Artificial Intelligence to advise Commerce on matters relating to the development of artificial intelligence, including: U.S. competitiveness, including the promotion of investment into the development of artificial intelligence; the U.S. workforce, including the potential for using artificial intelligence for rapid retraining of workers, due to the possible effect of technological displacement; education, including science, technology, engineering, and mathematics education to prepare workers as the needs of employers change; open sharing of data and research on artificial intelligence; and international cooperation and competitiveness, including the competitive international landscape for artificial intelligence-related industries.