New York S 8828 (RAISE Act, Article 44-B)

Requires large frontier developers in New York to publish and maintain a detailed Frontier AI Framework, outlining practices for managing catastrophic risks and ensuring transparency. Compels developers to report critical safety incidents and updates concerning catastrophic risks regularly to the New York Office of Financial Services. Stipulates that a violation of reporting or framework maintenance may result in significant civil penalties, with enforcement overseen by the Attorney General. Mandates disclosure statements for large frontier developers operating in New York, detailing company ownership and contact information, with renewals every two years. Establishes the Office of Financial Services' authority to implement further regulations enhancing AI safety and transparency, including the possibility of sharing incident reports with other governmental entities. Excludes academic institutions and specific consortia from these requirements when engaged solely in research.