Colorado ADMT rules: hearing and last day for written comments · Oct 26, 2026 · See what changes
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Governor Hochul signed the RAISE Act on December 19, 2025 (Chapter 699), and a chapter amendment signed on March 27, 2026 (Chapter 96) is the final version. It covers frontier developers, meaning companies that trained a model with more than 10²⁶ operations: each must publish a transparency report when it deploys a new frontier model and report critical safety incidents to a new oversight office in the Department of Financial Services within 72 hours. Large frontier developers, those with annual revenue above $500 million, must also publish a frontier AI framework and file a disclosure statement with the office. The Attorney General can seek civil penalties from a large frontier developer of up to $1 million for a first violation and up to $3 million for later ones; the office can separately impose $1,000 per day for a missing disclosure statement. There is no private right of action. The law takes effect January 1, 2027.
The RAISE Act targets advanced AI system developers, companies training large-scale models, not small teams using AI APIs. The practical impact for most small businesses is indirect: it creates transparency obligations for the foundation model providers you rely on, potentially giving you better information about the safety practices of your AI vendors.