AI-Related Job Impacts Clarity Act

This bill, titled the "AI-Related Job Impacts Clarity Act," aims to provide transparency regarding the impact of artificial intelligence on the American workforce. It requires covered entities to submit quarterly disclosures to the Secretary of Labor detailing various AI-related job impacts. These disclosures must include the number of individuals laid off due to AI replacement or automation, individuals hired due to AI incorporation, positions left unfilled because of AI, and individuals undergoing retraining due to AI. Each disclosure must also include the corresponding North American Industry Classification System (NAICS) codes . The Secretary of Labor may integrate these reporting requirements into existing surveys conducted by the Department of Labor or the Bureau of the Census. The Secretary of Labor, in consultation with the Office of Management and Budget and the Office of Personnel Management, must prepare and publish quarterly and annual reports summarizing and analyzing this data. These reports, along with the underlying data, are to be made publicly available on the Bureau of Labor Statistics website and submitted to Congress. For non-publicly-traded companies , the Secretary of Labor, in consultation with the Securities and Exchange Commission and the Secretary of the Treasury, must issue regulations within 180 days to determine which companies will be subject to these reporting requirements. These regulations will consider factors such as workforce size, enterprise value, employment impact, number of employees, annual revenue, and industry classification, ensuring that reporting is proportionate to company size and includes procedures for confidential data submission.