Policy1 hOctober 4, 2026, 23:23

Bessent Denies AI Labs a Federal Liability Shield

The US Treasury will not sponsor a federal civil liability waiver for foundation model developers, Secretary Scott Bessent told the House Financial Services Committee and CNBC. White House adviser David Sacks and FTC Chairman Andrew Ferguson backed the refusal, calling self-regulation plus legal shields regulatory capture.

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Bessent Denies AI Labs a Federal Liability Shield

Bessent rejected a federal liability waiver for foundation model developers
Sacks called self-regulation with legal shields regulatory capture
Ferguson warned industry pacing pacts raise antitrust concerns
Without immunity, agent risks shift to insurance and reserves

#OpenAI#Anthropic

Bessent says AI labs should get no liability exemptions, urges US open-source models

Huang: AI Labs Face Civil and Criminal Liability If Frontier Models Cause Harm

Jensen Huang calls AI distillation 'competition,' Bessent calls it 'theft'

Policy

Bessent Denies AI Labs a Federal Liability Shield

Bessent says AI labs should get no liability exemptions, urges US open-source models

Huang: AI Labs Face Civil and Criminal Liability If Frontier Models Cause Harm

Jensen Huang calls AI distillation 'competition,' Bessent calls it 'theft'

Congress Urged to Act on Federal AI Safety Oversight