That's not what the bill is about. Did you read the article? It's explicitly about catastrophic risks:

“Nearly every day, there is a frightening new story about how Big Tech companies are losing control of the technology they are developing, with potentially cataclysmic results,” Sanders said. “The leaders of the major AI companies publicly acknowledge that they do not fully understand the technology and that it is escaping their control... That’s why I am introducing legislation to immediately pause the development of increasingly powerful AI and ban the creation of systems that humanity cannot fully control"