AI-Related Job Impacts Clarity Act

This legislation, titled the "AI-Related Job Impacts Clarity Act," aims to establish a comprehensive reporting system for the effects of artificial intelligence on the American workforce. It requires covered entities , which include publicly traded companies and federal agencies, to submit quarterly disclosures to the Secretary of Labor regarding specific AI-related job impacts. These disclosures must detail the number of individuals laid off due to AI replacement or automation, new hires resulting from AI incorporation, positions left unfilled because of AI, and individuals undergoing retraining due to AI advancements, along with corresponding NAICS codes. The Secretary of Labor, in consultation with other agencies, is tasked with preparing and publishing quarterly reports summarizing and analyzing this disclosed data, including an annual summary. These reports, along with the underlying data, will be made publicly available on the Bureau of Labor Statistics website and submitted to Congress. Furthermore, the bill directs the Secretary to issue regulations to include certain non-publicly traded companies in these reporting requirements, considering factors like workforce size, revenue, and industry, while ensuring proportionality and protecting proprietary information.