WASHINGTON, Sept. 23 -- Sen. Michael F. Bennet, D-Colorado, issued the following news release:

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Bennet, Welch Release Proposal to Establish New Federal Agency to Prevent Catastrophic AI Risk, Regulate Big Tech

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Federal Digital Commission Would Have Pre-Clearance Review of Frontier AI Models, Ability to Pause Release Without Necessary Safeguards, and Assess Civil Penalties of Up to 15 Percent of a Firm's Prior-Year Global Revenue