SANDBOX Act

This bill requires the Director of the Office of Science and Technology Policy to establish a federal regulatory sandbox program for artificial intelligence, allowing temporary waivers or modifications of certain regulations to test AI products, services, or development methods on a limited basis.

Sec. 2, Artificial intelligence regulatory sandbox program: The Director must establish the program within one year, creating an application process for waivers or modifications of covered provisions (rules, guidance, etc.) from applicable agencies. The program aims to incentivize AI development, economic opportunities, job creation, and innovation in the United States.

Sec. 701, Definitions: Defines key terms including 'agency', 'applicable agency', 'artificial intelligence', 'artificial intelligence development method', 'artificial intelligence product or service', 'covered provision', 'Director', 'health and safety risk', 'risk of economic damage', and 'unfair or deceptive trade practice'.

Sec. 702, Establishment of artificial intelligence regulatory sandbox program: Details the program's establishment, purpose, application process (including required information like benefits, risks, and mitigation measures), agency review procedures (with deadlines, advisory boards, and decision records), written agreements, publication of Director-submitted applications, appeals process, judicial review, periods of waiver or modification (initial 2 years, renewable up to four additional 2-year periods), revocation for non-compliance, terms for participants (including limited immunity and consumer notification requirements), and consumer protection disclosures.