B1626.3 - Artificial Intelligence (High-Risk Systems) Bill

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prohibit high-risk AI practices and introduce regulations for greater AI transparency and market fairness, and for connected purposes.

BE IT ENACTED by the King’s most Excellent Majesty, by and with the advice and consent of the Lords Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Due to its length, this bill can be found here

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This Bill was submitted by The Honourable u/Waffel-lol LT CMG, Spokesperson for Business, Innovation and Trade, and Energy and Net-Zero, on behalf of the Liberal Democrats.

This bill was inspired by the following documents:

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL LAYING DOWN HARMONISED RULES ON ARTIFICIAL INTELLIGENCE (ARTIFICIAL INTELLIGENCE ACT) AND AMENDING CERTAIN UNION LEGISLATIVE ACTS

Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence

Opening Speech:

Deputy Speaker,

As we stand on the cusp of a new era defined by technological advancements, it is our responsibility to shape these changes for the benefit of all. The Liberal Democrats stand firmly for a free and fair society and economy, however the great dangers high-risk AI systems bring, very much threaten the integrity of an economy and society that is free and fair. This is not a bill regulating all AI use, no, this targets the malpractice and destruction systems and their practices that can be used in criminal activity and exploitation of society. A fine line must be tiptoed, and we believe the provisions put forward allow for AI development to be done so in a way that upholds the same standards we expect for a free society. This Bill reflects a key element of guarding the freedoms of citizens, consumers and producers from having their fundamental liberties and rights encroached and violated by harmful high-risk AI systems that currently go unregulated and unchecked.

Artificial Intelligence, with its vast potential, has become an integral part of our lives. From shaping our online experiences to influencing financial markets, AI's impact is undeniable. Yet, equally so has its negative consequences. As it stands, the digital age is broadly unregulated and an almost wild west, to put it. Which leaves sensitive systems, privacy and security matters at risk. In addressing this, transparency is the bedrock of a fair and just society. When these high-risk AI systems operate in obscurity, hidden behind complex algorithms and proprietary technologies, it becomes challenging to hold them accountable. We need regulations that demand transparency – regulations that ensure citizens, businesses, and regulators alike can understand how these systems make decisions that impact our lives.

Moreover, market fairness is not just an ideal; it is the cornerstone of a healthy, competitive economy. Unchecked use of AI can lead to unfair advantages, market distortions, and even systemic risks. The regulations we propose for greater safety, transparency and monitoring can level the playing field, fostering an environment where innovation thrives, small businesses can compete, and consumers can trust that markets operate with integrity. We're not talking about stifling innovation; we're talking about responsible innovation. These market monitors and transparency measures will set standards that encourage the development of AI systems that are not only powerful but also ethical, unbiased, and aligned with our societal values. So it is not just a bill that bashes on these high-risk systems, but allows for further monitoring alongside their development under secure and trusted measures.

This reading will end at 10pm on the 31st January.