New York enacted the RAISE Act (S6953B/A6453B), creating a new oversight office within the New York State Department of Financial Services and setting transparency and reporting requirements for developers of powerful frontier artificial intelligence models. Large AI developers must create and publish information about their safety protocols and report incidents of “critical harm” to the State within 72 hours of determining an incident occurred. The Attorney General may bring civil actions against large frontier developers for failure to submit required reporting or for making false statements, with penalties of up to USD 1 million for a first violation and up to USD 3 million for subsequent violations. The new DFS office will assess large frontier developers to enable greater transparency and will issue annual reports.
New York State Department of Financial Services 2025-12-22
New York State Department of Financial Services to host new oversight office as New York enacts RAISE Act AI transparency and 72-hour incident reporting for frontier models
New York enacted the RAISE Act, creating an oversight office within the State Department of Financial Services to enforce transparency and reporting for developers of powerful AI models. Large AI developers must report safety protocols and incidents of "critical harm" within 72 hours. The Attorney General can impose penalties up to USD 1 million for initial violations and up to USD 3 million for subsequent offenses.