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Requires the collection of oaths of responsible use from users of certain generative or surveillance advanced artificial intelligence systems by the operators of such systems, and transmission of such oaths to the attorney general.
Establishes the Uniform Trade Secrets Act in New York, detailing definitions, remedies, and protections for trade secrets.
If you handle trade secrets in New York, you must comply with new protections and remedies by 2026 or face legal consequences.
What do these statuses mean? ▼
Affected Industries
Topics
What This Means
This bill introduces the Uniform Trade Secrets Act in New York, providing a legal framework for the protection of trade secrets. It outlines definitions, remedies such as injunctive relief and damages, and establishes a statute of limitations for misappropriation claims. Businesses handling trade secrets should be aware of these new legal standards to ensure compliance and protect their proprietary information.
Key Provisions
- Defines 'misappropriation' and 'trade secret'.
- Provides for injunctive relief and damages for misappropriation.
- Establishes a three-year statute of limitations for claims.
- Allows for attorney's fees in cases of bad faith.
- Preserves secrecy during litigation.
- Displaces conflicting state laws but not contractual or criminal remedies.
Latest Legislative Action
referred to consumer affairs and protection
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Alicia Hyndman D | Sponsor | HD-029 |
| Clyde Vanel D | Sponsor | HD-033 |
| Dana Levenberg D | Sponsor | HD-095 |
| Deborah Glick D | Sponsor | HD-066 |
| Jacob Blumencranz R | Sponsor | HD-015 |
Compliance Checklist
Who: Businesses handling trade secrets in New York.
Deadline: 180 days after the bill becomes law.
Penalty: Potential legal action for non-compliance.
Related & Companion Bills
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