On May 17, 2024, Colorado Governor Jared Polis signed SB 24-205 into law, addressing consumer protections against algorithmic discrimination in AI systems, effective February 1, 2026, with recommendations for further refinement and potential federal oversight. Click here for article.
Scope and Timing: The law, effective February 2026, aims to prevent algorithmic discrimination in significant decisions, such as healthcare and employment.
Developers' Duties: Developers must disclose AI system risks, usage purposes, data governance, and performance metrics, ensuring transparency and accountability.
Deployers' Duties: Deployers are required to implement risk management policies, conduct annual impact assessments, and notify consumers about high-risk AI system usage.
State vs. Federal Regulation: Governor Polis and lawmakers suggest refining the law and considering federal regulation to balance consumer protection and innovation.
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