President Biden Unveils Key AI Priorities In FY 2025 Budget Request

On March 11, 2024, President Biden unveiled his fiscal year (FY) 2025 budget request, which includes funding to implement key directives outlined in his extensive executive order regulating artificial intelligence (AI EO) (see prior alert here), as well as other AI priorities across federal agencies.

The President's budget request, which kicks off the FY 2025 congressional budget cycle, is the product of months of coordination with federal agencies, which have been engaged in internal budget planning for as much as 18 months before the start of the fiscal year, and the request serves as a statement of Administration policy and priorities for the upcoming fiscal year.

Despite the release of the President's FY 2025 budget request, Congress continues to work on finalizing funding levels for FY 2024 via two tranches. On March 8, 2024, the Senate approved the first House-passed FY 2024 funding package to fund the Departments of Agriculture, Energy, Housing and Urban