• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsAI

Top Democrat Chuck Schumer calls A.I. a ‘moment of revolution’ while admitting Congress is clueless: ‘In many ways, we’re starting from scratch’

By
Mary Clare Jalonick
Mary Clare Jalonick
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Mary Clare Jalonick
Mary Clare Jalonick
and
The Associated Press
The Associated Press
Down Arrow Button Icon
June 21, 2023, 2:21 PM ET
Senate Majority Leader Sen. Chuck Schumer.
Senate Majority Leader Sen. Chuck Schumer.Alex Wong—Getty Images

Calling the rapid growth of artificial intelligence tools a “moment of revolution,” Senate Majority Leader Chuck Schumer said Wednesday that the government must act quickly to regulate companies that are developing it.

Recommended Video

The New York Democrat said he is working on what he calls “exceedingly ambitious” bipartisan legislation to maximize the technology’s benefits and mitigate significant risks.

While Schumer did not lay out details of such legislation, he offered some key goals: protect U.S. Elections from AI-generated misinformation or interference, shield U.S. Workers and intellectual property, prevent exploitation by AI algorithms and create new guardrails to ward off bad actors.

AI legislation also should promote American innovation, Schumer said in a speech at the Center for Strategic and International Studies, a Washington think tank.

“If applied correctly, AI promises to transform life on Earth for the better,” Schumer said. “It will reshape how we fight disease, tackle hunger, manage our lives, enrich our minds and ensure peace. But there are real dangers that present themselves as well: job displacement, misinformation, a new age of weaponry and the risk of being unable to manage this new technology altogether.”

Schumer’s declaration of urgency comes weeks after scientists and tech industry leaders, including high-level executives at Microsoft and Google, issued a warning about the perils that artificial intelligence could pose to humankind.

“Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” their statement said.

Worries about artificial intelligence systems outsmarting humans and running wild have intensified in recent months with the rise of a new generation of highly capable AI chatbots such as ChatGPT. It has sent countries around the world scrambling to come up with regulations for the developing technology, with the European Union blazing the trail with its AI Act expected to be approved later this year.

On Tuesday, President Joe Biden convened a group of technology leaders in San Francisco to debate what he called the “risks and enormous promises” of artificial intelligence. In May, the administration brought together tech CEOs at the White House to discuss these issues, with the Democratic president telling them, “What you’re doing has enormous potential and enormous danger.”

“We’ll see more technological change in the next 10 years that we saw in the last 50 years,” Biden said.

White House chief of staff Jeff Zients’ office is developing a set of actions the federal government can take over the coming weeks regarding AI, according to the White House.

Schumer’s hands-on involvement in crafting AI legislation is unusual, as Senate leaders usually leave the task to individual senators or committees. But he has taken a personal interest in regulating the development of artificial intelligence, arguing that it is urgent as companies have already introduced human-like chatbots and other products that could alter life as we know it. He is working with another Democrat, Sen. Martin Heinrich of New Mexico, and Republican Sens. Mike Rounds of South Dakota and Todd Young of Indiana to speak with experts, educate colleagues and write the legislation.

It’s an unexpected role for Schumer, in particular, who famously carries a low-tech flip phone, and for the Senate as a whole, where the pace of legislation is often glacial.

Senators average around retirement age and aren’t known for their mastery of high-tech. They’ve been mocked in recent years for basic questions at hearings — asking Facebook founder Mark Zuckerberg simple questions about how his platform works at a 2018 hearing on Russian interference, for example — and for a bipartisan reluctance to regulate the technology industry at all.

Schumer, along with several Republican colleagues, say the federal government can no longer afford to be laissez-faire with tech companies.

“If the government doesn’t step in, who will fill its place?” Schumer asked. “Individuals and the private sector can’t do the work of protecting our country. Even if many developers have good intentions, there will always be rogue actors, unscrupulous companies, and foreign adversaries that seek to harm us. And companies may not be willing to insert guardrails on their own, certainly if their competitors are not required to insert them as well.”

Attempting to regulate AI, Schumer said, “is unlike anything Congress has dealt with before.”

It is unclear if Schumer will be able to accomplish his goals. The effort is in its earliest stages, with the bipartisan working group just starting a series of briefings for all 100 senators to get them up to speed. In the House, legislation to regulate or oversee artificial intelligence has been more scattershot, and Republican leaders have not laid out any ambitious goals.

Schumer acknowledged that there are more questions than answers about the technology.

“It’s not like labor or healthcare or defense where Congress has a long history we can work off of,” Schumer said. “In fact, experts admit nobody is even sure which questions policymakers should be asking. In many ways, we’re starting from scratch.”

Join us at the Coins2Day Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Mary Clare Jalonick
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

BankingDebt
Why the $38 trillion national debt doomed Fed independence regardless of the Trump/Powell drama, top economist says
By Eva RoytburgJanuary 13, 2026
2 days ago
adams
PoliticsObituary
Scott Adams, Dilbert creator who went from cubicle wars to culture wars, posts open letter to time with his death at 68
By Nick LichtenbergJanuary 13, 2026
2 days ago
powell
BankingFederal Reserve
Why the DOJ’s subpoena of Jerome Powell backfired so quickly, emboldening Republicans to stand up to Trump
By Christopher Rugaber, Josh Boak and The Associated PressJanuary 13, 2026
2 days ago
powell/trump
CommentaryFederal Reserve
Is Powell’s Fed head independence dead? Trump outfoxes himself this time
By Jeffrey SonnenfeldJanuary 13, 2026
2 days ago
Photo: President Trump.
EconomyFederal Reserve
Wall Street expects Trump’s Fed plot to ‘backfire’ spectacularly—perhaps even shutting the door more firmly on rate cuts
By Eleanor PringleJanuary 13, 2026
2 days ago
Photo: President Donald Trump.
EconomyTariffs and trade
The longer the Supreme Court delays its tariff decision, the better it is for President Trump
By Jim EdwardsJanuary 13, 2026
2 days ago

Most Popular

placeholder alt text
Personal Finance
Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax
By Nick LichtenbergJanuary 14, 2026
16 hours ago
placeholder alt text
Success
Despite his $2.6 billion net worth, MrBeast says he’s having to borrow cash and doesn’t even have enough money in his bank account to buy McDonald’s
By Emma BurleighJanuary 13, 2026
2 days ago
placeholder alt text
AI
'Godfather of AI' says the technology will create massive unemployment and send profits soaring — 'that is the capitalist system'
By Jason MaJanuary 12, 2026
3 days ago
placeholder alt text
AI
Being mean to ChatGPT can boost its accuracy, but scientists warn you may regret it
By Marco Quiroz-GutierrezJanuary 13, 2026
2 days ago
placeholder alt text
Future of Work
'Microshifting,' an extreme form of hybrid working that breaks work into short, non-continuous blocks, is on the rise
By Nick LichtenbergJanuary 13, 2026
2 days ago
placeholder alt text
Economy
Goldman Sachs top economist says Powell probe won’t change the Fed: 'Decisions are going to be made based on employment and inflation'
By Sasha RogelbergJanuary 12, 2026
3 days ago

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.