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Coverage areas EU AI Act US Federal (NIST · FTC · OSTP) State AI Legislation Enforcement Actions GPAI Obligations Sector Rules (Finance · Health · Employment)

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Governance Signal — Issue 002 Week of May 6, 2026 · 6 min read

While compliance teams focus on the EU AI Act's August 2026 deadline, a closer one is approaching quietly: Colorado's SB 24-205 takes effect February 1, 2026 — nine months out. Colorado enacted the first comprehensive US state AI law in May 2024. It imposes concrete obligations on anyone deploying AI that makes consequential decisions affecting consumers: impact assessments, discrimination reporting, consumer notifications, and appeal rights. Unlike the EU AI Act's layered grace period, Colorado gave companies nearly two years to prepare. The clock is nearly up.

Colorado SB 24-205: February 1, 2026 Is the Date <strong>What it covers:</strong> "High-risk AI systems" — defined as AI making or substantially assisting consequential decisions in consumer contexts including employment, housing, credit, education and vocational training, healthcare, and legal services. If your AI touches any of these domains for Colorado residents, you're in scope. <strong>The key split — developers vs. deployers:</strong> | R…

California SB 53: Frontier Model Transparency, In Effect Now <strong>What it is:</strong> The Transparency in Frontier Artificial Intelligence Act (TFAIA), signed September 29, 2025, now law as Chapter 138. <strong>Who it targets:</strong> Large frontier developers with: - Models trained on more than <strong>10^26 floating point operations</strong> (≈ GPT-4/Claude 3 compute scale) - Affiliated entities exceeding <strong>$500 million in annual revenue</stron…

The State Patchwork: What's Moving Elsewhere <strong>Texas HB 1709</strong> — filed December 2024, referred to committee March 2025. Covers AI use by businesses and state agencies; civil penalties; reporting requirements. In committee as of filing date; not yet enacted. Watch list item. <strong>Illinois, Virginia, Washington</strong>: All have active AI bills in various committee stages as of 2025. None have cleared the legislature yet. The …

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