Treasury Secretary Scott Bessent told the House Financial Services Committee that AI labs should not receive liability exemptions. He argued that holding creators accountable for their generated content is the most effective way to ensure safety.
Bessent advocated for more US-based open-source AI development to strategically counter China. He warned that allowing large AI labs to achieve regulatory capture would stifle industry innovation.
The comments were made during a hearing officially focused on the International Monetary Fund. The session expanded to address broader national economic and technology policy.