Not exactly a "plan" - he's just saying we should have a standards body that assesses models for safety.

At this point I'd say the societal risk of AI isn't models gone wild, or used by the bad guys. Regulation will take care of itself, and it seems the AI companies will not only welcome it, but lobby for it to shift responsibility to the government.

The real risk of AI is societal disruption due to job displacement, and maybe other structural changes, and this is far harder to solve, and likely will not be solved, or even seriously addressed, until/unless politicians feel like their own jobs and well-being depends on them addressing it.