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Establishes the New York workforce stabilization act; requires certain businesses to conduct artificial intelligence impact assessments on the application and use of such artificial intelligence and to submit such impact assessments to the department of labor prior to the implementation of the…
The bill mandates AI impact assessments for certain businesses and imposes a 2% surcharge on corporations displacing employees with AI.
If you use AI or data mining in New York, you must conduct an impact assessment and submit it to the Department of Labor before implementation.
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Affected Industries
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What This Means
The New York Workforce Stabilization Act aims to regulate the use of artificial intelligence in businesses by requiring impact assessments and imposing financial surcharges. Companies that displace more than fifteen employees due to AI will face additional costs. This legislation seeks to ensure accountability and transparency in AI applications.
Key Provisions
- Requires AI impact assessments for certain businesses before implementation.
- Submissions of assessments must be made to the Department of Labor.
- Imposes a 2% surcharge on corporations displacing over fifteen employees with AI.
- Defines data mining within the context of the legislation.
Latest Legislative Action
REFERRED TO LABOR
Bill Sponsors
| Name | Role |
|---|---|
| Gustavo Rivera D | Primary |
| Michelle Hinchey D | Primary |
| SALAZAR | Primary |
| Kristen Gonzalez D | Cosponsor |
| Robert Jackson D | Cosponsor |
Compliance Checklist
Who: Businesses using AI or data mining
Deadline: Before implementation of AI
Penalty: Potential financial penalties for non-compliance
Who: Businesses required to conduct assessments
Deadline: Prior to AI implementation
Penalty: Potential financial penalties for non-compliance
Related & Companion Bills
Full Legal Analysis
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Affected Industries
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