Illinois Lawmakers Just Passed America’s Strongest AI Safety Bill
Action Required: Monitor state-level AI legislation, as it may influence future vendor due diligence requirements for AI tools used in your practice.
Illinois has passed legislation requiring major AI developers like OpenAI and Google to undergo third-party safety audits. While this bill targets AI developers rather than financial advisors directly, it signals a growing trend of state-level AI regulation that may eventually impact the compliance standards for AI tools used in financial services.
Read full article at wired-aiWant the full daily Briefing?
30 stories like this every day, with Action Required call-outs and direct lines to ask Aria — finsay's AI compliance assistant.
Try free for 14 daysRelated stories
- This Is How Trump Finally Signed the AI Executive Order
Former President Donald Trump has signed an executive order regarding AI policy, signaling potential shifts in the regulatory landscape for …
- The Download: Trump’s new AI order, and smart glasses for warfare
President Trump has signed a new executive order on AI, replacing a previous one. While the specific details are still emerging, executive o…
- DOL Rule to Ease Alternatives in 401(k)s Draws Over 37,000 Comments
The Department of Labor is reviewing a proposed rule that could significantly expand the availability of alternative investments within 401(…