New York’s financial regulator teams up with California and Illinois on AI safety

Key Summary

New York's financial regulator, NYDFS, is teaming up with California and Illinois to develop rules for powerful artificial intelligence systems. The NYDFS' Responsible AI Safety and Education Act, signed on December 22, 2025, requires large frontier developers to register with NYDFS by November 2026. Once live, companies must publicly assess model safety, report serious issues within 72 hours, and have incident reports reviewed within 24 hours of imminent threats. The law also permits sharing safety records securely between states, potentially triggering scrutiny in three jurisdictions at once.