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The AI Development Practices Act directs the National Institute of Standards and Technology (NIST) to develop and periodically update voluntary guidance for artificial intelligence development practices. The guidance covers methods for defining risk tolerances, categorizing best practices for communicating AI system characteristics (including transparency, security, safety, and fairness), and providing recommendations for implementation. NIST must base guidance on international standards and industry best practices, collaborate with public and private sector organizations, and brief Congress within 18 months on new materials and policy recommendations.
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