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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 on hiring and the nature of artificial intelligence use in the state; establishes penalties for covered business that fail to submit such reports.
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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Affected Industries
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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 (Section 201-j, Subdivision 2).
- Department to compile an annual report based on submitted data (Section 201-j, Subdivision 4).
- Penalties for non-compliance are specified in the bill (Section 201-j, Subdivision 5).
Latest Legislative Action
PRINT NUMBER 8706A
Bill Sponsors
| Name | Role |
|---|---|
| AKSHAR | Primary |
| BENJAMIN | Primary |
| Liz Krueger D | Primary |
| Michelle Hinchey D | Primary |
| RIVERA | Primary |
Related & Companion Bills
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