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—backed by civil penalties capped at $1M for a first violation and $3M for later violations, far below the bill’s earlier (June) penalty structure cited in subsequent reporting.

Updated Dec 21, 2025