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The READ AI Models Act directs the National Institute of Standards and Technology (NIST) to establish a pilot program that develops a structured template and technical guidelines for documenting artificial intelligence models and their associated data used by public and private sector entities. The template would include information such as model name, developer identification, release date, training data cutoff, supported languages, and terms of service, and would be designed to be modular to accommodate sector-specific needs. NIST would collaborate with private companies, universities, nonprofits, and international standards organizations, publish a draft for public comment, and report to Congress within 12 months on the pilot program's effectiveness and plans for permanent implementation.
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