Fundamentally Understanding the Usability and Realistic Evolution of Artificial Intelligence Act of 2020 or the FUTURE of Artificial Intelligence Act of 2020 This bill directs the Chief Technology Officer, in the Office of Science and Technology Policy, to establish a Federal Advisory Committee on the Development and Implementation of Artificial Intelligence to advise the President on matters relating to the development of artificial intelligence, including: U.S. competitiveness, including the promotion of investment into the development of artificial intelligence; the U.S. workforce, including the potential for using artificial intelligence for rapid retraining of workers, due to the possible effect of technological displacement; education, including science, technology, engineering, and mathematics education to prepare workers as the needs of employers change; open sharing of data and research on artificial intelligence; international cooperation and competitiveness, including the competitive international landscape for artificial intelligence-related industries; matters relating to individual civil rights, including how rights are or will be affected by the use of artificial intelligence technology and whether such uses should be subject to additional controls, oversight, or limitations; and matters relating to urbanization and the development of smart cities.