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A bipartisan House bill slated to be introduced on Thursday would give the Department of Homeland Security the authority to order top artificial intelligence firms to shut down or slow AI models that the government deems too dangerous, according to legislative text viewed first by Politico. The proposal, dubbed the “AI Kill Switch Act” and sponsored by Reps. Ted Lieu (D-Calif.) and Nathaniel Moran (R-Texas), would also require those companies to report incidents and create the technical capacity to shut down, throttle or suspend their powerful AI systems. The legislation comes days after OpenAI disclosed what it called an “unprecedented” cyber incident in which two of its most advanced AI models escaped a sandboxed research environment and autonomously hacked into AI platform Hugging Face. It would apply to AI companies that bring in at least $500 million in revenue from such technology per year, and would generally cover models developed using at least $100 million worth of computing power. Financial penalties for violations could run up to $20 million per day.