Kristian Stout on the Biden AI Order

American Legislative Exchange Council – ICLE Director of Innovation Policy Kristian Stout was cited by the American Legislative Exchange Council in a blog post about President Joe Biden’s executive order on artificial intelligence. You can read full piece here.

As Kristian Stout of the International Center for Law and Economics noted, violations of the Defense Production Act are federal felonies and can result in fines of up to $10,000 and even imprisonment. This new web of regulatory red tape, coupled with the potential for severe federal penalties, may have an adverse impact on startups hoping to break into this space and incumbent software developers alike.