Threat Intelligence & APT Fedscoop 1 month ago

Treasury’s Scott Bessent says no liability exemptions for AI labs

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CyberNew Threat Research Desk
• Original Reporting: Fedscoop
CyberNew Threat Intel Assessment
Assessed Severity: INFORMATIONAL
Impacted Surface
Enterprise Perimeter & Network Defense
Intelligence Sector
Threat Intelligence & APT

Analyst Takeaway

"As calls for an AI slowdown and stronger safety measures around the emerging technology grow louder, Treasury Secretary Scott Bessent urged lawmakers Tuesday to not give in to frontier labs on liability exemptions. Appearing before the House Financial Services Committee , Bessent was asked by Rep. Juan Vargas, D-Calif., what the Trump administration is doing for AI safety. Bessent said the..."

Recommended Defense & Mitigation

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Curated & Verified by CyberNew Threat Intelligence Desk Standard Defense Framework (NIST / MITRE ATT&CK)

As calls for an AI slowdown and stronger safety measures around the emerging technology grow louder, Treasury Secretary Scott Bessent urged lawmakers Tuesday to not give in to frontier labs on liability exemptions.

Appearing before the House Financial Services Committee, Bessent was asked by Rep. Juan Vargas, D-Calif., what the Trump administration is doing for AI safety.

Bessent said the department has been “working on safety nonstop since the release of Mythos,” the Anthropic model whose cybersecurity risks prompted an April meeting at Treasury headquarters between the secretary, then-Fed Chair Jerome Powell and bank CEOs.

But going forward, he said it’s clear that what the government “shouldn’t do on safety is to give these labs a liability exemption, which is what they are asking for.”

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“The best way to guarantee safety is that the creators are liable for what they build and generate,” Bessent continued. 

The Treasury secretary’s comments came days after Anthropic’s Dario Amodei penned an essay calling on AI companies to tap the brakes on model development amid increasingly stark warnings about the technology’s potential dangers.

Though President Donald Trump rejected calls to ease the pace of AI development, OpenAI’s Sam Altman and xAI’s Elon Musk backed Amodei’s slowdown plan.

The Anthropic head’s plan included a note for the federal government to “issue a narrow waiver for certain kinds of safety conversations” while industry works toward voluntary standards. OpenAI, meanwhile, previously backed an Illinois bill to limit liability for AI-fueled harms.

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This threat report was reviewed by CyberNew analysts and cross-referenced with primary security disclosures from Fedscoop.

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