Artificial Intelligence for Agency Impact Act or the AI for Agency Impact Act This bill requires each federal agency to establish and implement an artificial intelligence (AI) strategy, objectives, and metrics plan. Each plan shall include defined roles, responsibilities, and delegation of authority for AI use and oversight; defined values, ethics, and principles to foster public trust and responsible use of AI; procedures to ensure data security and privacy and for human supervision and accountability; performance objectives and accompanying metrics that clearly reflect or convey the intended purpose of the AI; documentation demonstrating that the AI relies on high quality, reliable, representative data; a description of how the AI is monitored; and a description of how information on the design, operation, limitations, and updates of the AI is made available to the public.