Proposals and Public Comments

Overview

Development stage

DeployedSource: c) Deployed – The use case is being actively authorized or utilized to support the functions or mission of an agency.

High-impact designation

Not high-impactSource: c) Not high-impact

Impact justification

Not reported

Start date

2024-11-16 (day precision)Source: 2024-11-16T00:00:00

Withheld from public reporting

NoSource: a) No

Mission

Topic area

Other: Economic & FinancialSource: Other – Economic & Financial

Operational functions

FOIA and records management Derived by keyword rules; see methodology

Problem the AI is intended to solve

Efficiently process large volumes of public regulatory comments while ensuring proper handling of sensitive information

Expected benefits

The Board of Governors of the Federal Reserve System (Board) is developing the Proposals and Public Comments (PPC) system to electronically process and manage comments from the public on regulatory rulemakings, information collections, and other proposals (collectively, proposals) and to post those comments to the Board’s public website. The first release of PPC is expected in mid-November 2024. The Board’s processing of comments may use artificial intelligence (AI) to provide more efficient processing of public comments (e.g., PII redaction recommendations, spam detection).

System outputs

The Board’s processing of comments may use artificial intelligence (AI) to provide more efficient processing of public comments (e.g., PII redaction recommendations, sentiment analysis, text matching, entity identification, and text similarity matching). A human verifies the system recommendations.

Technology

AI classification

Natural language processingSource: Natural Language Processing: AI that processes, interprets, and shares information in human language.

System name(s)

Proposals and Public Comments

Custom-developed code

Yes

Public source code

Not reported

Sourcing

How it was built

Developed in-houseSource: b) Developed in-house

Vendor (as reported)

Not reported

Vendors (standardized)

None on the standard list

A vendor is the supplier named by the agency. It does not identify the underlying model or AI technology.

Data and privacy

Involves PII

Yes

Privacy Impact Assessment

www.federalreserve.gov ↗

Authorization to Operate

Yes

Demographic features

k) None of the above

Training and evaluation data

External – Public Comments

Federal Data Catalog

Not reported

Governance

0 of 8 minimum-practice questions answered. A blank answer means the agency reported nothing; it does not mean the practice is absent.

Potential impacts and how they were identified

Not reported