New York Enacts RAISE Act, Establishing State-Level AI Safety and Transparency Framework

New York Governor Kathy Hochul has signed the RAISE Act, making New York the second U.S. state, after California, to pass comprehensive AI safety legislation. Approved by state lawmakers in June, the law requires large AI developers to publicly disclose safety practices and report significant AI-related safety incidents to the state within 72 hours. The legislation also creates a dedicated AI oversight office within the New York Department of Financial Services to monitor advanced AI development.

Under the new framework, companies that fail to comply with reporting requirements or submit misleading information may face fines of up to $1 million, rising to $3 million for repeat violations. State Senator Andrew Gounardes, a bill sponsor, characterized the law as a decisive response to industry pressure. The measure aligns New York with California’s recent AI safety action, reinforcing state-led regulation as federal policy remains unsettled.

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