Blog: Security Industry Association supports Senate passage of research, innovation legislation – Financial Regulation News – Financial Regulation News

Security Industry Association (SIA) officials are expressing support for the Senate passage of legislation designed to increase research and development, education, and supply chain security innovation.

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The U.S. Innovation and Competition Act strengthens domestic leadership in key technologies via research in key focus areas: artificial intelligence (AI), machine learning, high-performance computing, advanced computer hardware and software, and robotics.

The measure was introduced by Senate Majority Leader Charles Schumer (D-NY) and Sen. Todd Young (R-IN).

“The U.S. Innovation and Competition Act promotes valuable investment in federal R&D in areas like biometrics, AI and machine learning – emerging technologies that have a robust array of applications in security and life safety,” SIA CEO Don Erickson said. “SIA has long supported U.S. and allied leadership in innovation and applauds Sens. Schumer and Young for their bipartisan leadership on this beneficial legislation.”

SIA is committed to promoting policies supporting security innovation and life safety technologies while supporting domestic leadership in technology areas that include biometrics.

The organization noted it recently forwarded correspondence to President Joe Biden and Vice President Kamala Harris as a means of encouraging the administration and legislators to consider policies enabling leadership in developing biometric technologies and issue policy principles guiding the commercial sector, government agencies, and law enforcement on how to use facial recognition responsibly and ethically.

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