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Requires covered businesses to annually report to the department of labor regarding the impact of artificial intelligence on hiring and the nature of artificial intelligence use for the previous year; requires the department of labor to file an annual report on the impact of artificial intelligence…
The bill mandates annual reports from 'covered businesses' on AI's impact on hiring, with penalties for non-compliance.
If you employ over 100 people or are publicly traded, report AI's impact by March 1 or face $500 daily fines.
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What This Means
New York's proposed legislation requires 'covered businesses' to report annually on AI's impact on hiring. The Department of Labor will compile these reports into an annual report. Non-compliance will result in penalties.
Key Provisions
- Annual reporting requirement on AI's impact on hiring for businesses.
- Department to compile an annual report based on submitted data.
- Penalties for non-compliance are established in the bill.
Latest Legislative Action
REPORTED AND COMMITTED TO FINANCE
Bill Sponsors
| Name | Role | District |
|---|---|---|
| Michelle Hinchey D | Sponsor | SD-041 |
Roll Call Votes
Related & Companion Bills
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Affected Industries
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