Bill Text: NY S08214 | 2023-2024 | General Assembly | Amended

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Bill Title: Requires the registration of certain companies whose primary business purpose is related to artificial intelligence as evidenced by their NAIC code.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-05-07 - PRINT NUMBER 8214A [S08214 Detail]

Download: New_York-2023-S08214-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         8214--A

                    IN SENATE

                                    January 12, 2024
                                       ___________

        Introduced  by  Sen.  THOMAS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Internet and Technology --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee

        AN  ACT  to amend the general business law, in relation to requiring the
          registration of certain companies whose primary  business  purpose  is
          related to artificial intelligence

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The general business law is amended by adding a new article
     2  2-A to read as follows:

     3                                 ARTICLE 2-A
     4          REGISTRATION OF CERTAIN ARTIFICIAL INTELLIGENCE COMPANIES

     5  Section 20.   Registration requirements.
     6          20-a. Penalties.
     7    § 20. Registration requirements.  1.  The  secretary  of  state  shall
     8  require  the  biennial registration of any company, partnership, limited
     9  liability company or corporation whose North American  Industry  Classi-
    10  fication System (NAIC) code is any of the following:
    11    (a) 541512;
    12    (b) 334220; or
    13    (c) 513210.
    14    2.  This  section shall apply to any business located in this state or
    15  which sells products or services in this state.
    16    3. The secretary of state shall impose a fee of  two  hundred  dollars
    17  for each biannual registration.
    18    §  20-a. Penalties. A violation of this article shall be punishable by
    19  a fine of up to ten thousand dollars. Additionally, the attorney general
    20  may seek an injunction to bar any company, partnership, limited  liabil-
    21  ity company or corporation which knowingly fails to register pursuant to
    22  this  article  from  operating  or  selling  any artificial intelligence
    23  products or services in this state for a period of up to ten years.
    24    § 2. This act shall take effect on the ninetieth day  after  it  shall
    25  have become a law.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13988-04-4