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AI Summary
The bill mandates biennial registration for companies with specific NAIC codes related to AI in New York.
Business Impact
If you operate an AI business in NY, register biennially or face fines and operational bans.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
What This Means
New York's proposed legislation requires biennial registration for companies primarily engaged in AI, identified by specific NAIC codes. Non-compliance may lead to fines and operational bans.
Key Provisions
- Section 20: Biennial registration requirement for AI-related companies with specific NAIC codes.
- Section 20: $200 fee for each biannual registration.
- Section 20-a: Penalties include fines up to $10,000 and potential injunctions.
Latest Legislative Action
PRINT NUMBER 8214A
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Kevin Thomas D | Sponsor | SD-006 |
Compliance Checklist
Register your company if it is primarily engaged in AI.
Who: Companies operating in AI in New York.
Penalty: Potential unspecified penalties for non-compliance.
Who: Companies operating in AI in New York.
Penalty: Potential unspecified penalties for non-compliance.
Full Legal Analysis
Bill S08214, introduced in the New York Senate, amends the general business law to require the biennial registration of companies whose primary business purpose is related to artificial intelligence, as evidenced by their NAIC codes 541512, 334220, or 513210. This requirement applies to businesses located in New York or those selling AI products or services within the state. The registration process involves a fee of $200 every two years. Penalties for non-compliance include fines up to $10,000 and potential injunctions preventing the sale or operation of AI products or services in New York for up to ten years. The bill will take effect 90 days after becoming law.
Official Source
Official Bill Text
View S08214 on official legislature website →
Affected Industries
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