New York State Department of Financial Services (DFS)

Rule Changes

Home of the new frontier-AI oversight office created by the RAISE Act

New York just told the biggest AI labs: if something goes seriously wrong, you don't get to bury it. Under the RAISE Act, large "frontier AI" developers must publish a safety approach and report "critical harm" incidents to the state within 72 hours after determining one occurred. First violations carry civil penalties capped at $1M; later violations, $3M—far below the bill's June penalty structure.

Updated May 15