Colorado SB24-205

Extracted Attributes

• Type

  State Legislation

• Jurisdiction

  Colorado, United States

• Significance

  First U.S. state law to impose comprehensive, enforceable AI governance obligations on private-sector organizations

• Primary Focus

  Consumer Protections in Interactions With Artificial Intelligence Systems

• Official Title

  Consumer Protections for Artificial Intelligence Act

• Alternate Title

  Colorado Artificial Intelligence Act

• Legal Framework

  Part of Colorado's Consumer Protection Act

• Scope of Regulation

  High-risk AI systems making or influencing consequential decisions (e.g., employment, housing, credit, education, healthcare)

• Compliance Obligations

  Annual impact assessments, robust risk management programs, detailed documentation, consumer disclosures for developers and deployers of high-risk AI systems

• Key Concept Introduced

  Algorithmic Discrimination

Timeline

• Colorado Governor Jared Polis signed Colorado SB24-205 into law, making Colorado the first state to enact broad legislation regulating the use of AI. (Source: web_search_results)

  2024-05-17

• Colorado SB24-205 will take effect, imposing compliance obligations on developers and deployers of high-risk AI systems. (Source: web_search_results)

  2026-02-01

Alex Valdez

Alex Valdez is an American politician who is the member of the Colorado House of Representatives. Since 2019, he has represented the 5th House District, which includes Denver.

Web Search Results

• Complying With Colorado's AI Law: Your SB24-205 ...

  Colorado SB24-205, officially titled the Consumer Protections for Artificial Intelligence Act, is a state-level AI regulation designed to safeguard consumers from algorithmic discrimination resulting from the use of high-risk AI systems. Signed into law in May 2024, the bill places sweeping responsibilities on both developers and deployers of AI technologies that make or influence consequential decisions such as those impacting housing, lending, employment, education, or healthcare. [...] Colorado’s SB24-205 is the first U.S. law to impose comprehensive, enforceable AI governance obligations on private-sector organizations. It requires ethical AI. Developers and deployers of high-risk AI systems must conduct annual impact assessments, implement robust risk management programs aligned with standards like NIST or ISO/IEC 42001, and provide detailed documentation and consumer disclosures. These obligations apply to systems making consequential decisions in employment, housing, [...] ## Colorado SB24-205: Frequently Asked Questions (FAQ) ### What is Colorado SB24-205? Colorado Senate Bill 24-205, also called the Consumer Protections for Artificial Intelligence Act, is the first U.S. state law to establish detailed governance requirements for high-risk AI systems. It applies to both developers and deployers of AI systems that influence consequential decisions affecting Colorado residents. ### Who must comply with Colorado’s AI law? SB24-205 applies to:

• Colorado Governor Signs Broad AI Bill Regulating ... - Seyfarth Shaw

  _Seyfarth Synopsis:On May 17, 2024, Colorado Governor Jared Poils signed Colorado SB 24-205, making Colorado the first state to enact broad legislation regulating employers’ use of AI to make “consequential decisions.” Colorado SB 24-205 broadly covers a wide range of AI applications, including employment, and incentivizes AI risk management practices that have long been the subject of discussion by regulators at the federal, state, and international level. For many applications, the bill [...] Governor Polis signed Colorado SB 24-205, “Concerning Consumer Protections in Interactions With Artificial Intelligence Systems, on May 17, 2024 “with reservations.” His signing statement acknowledges that SB 205 “creates a complex compliance regime for all developers and deployers of AI doing business in Colorado... This bill is among the first in the country to attempt to regulate the burgeoning artificial intelligence industry on such a scale.” [...] Importantly, in its final form, Colorado SB 205 establishes requirements for both developers and deployers of “high-risk” AI systems. The bill defines these as AI systems that make or significantly influence “consequential decisions” in areas such as employment, housing, credit, education, and healthcare. Notably, SB 24-205’s definition of “consequential decisions” in the employment context broadly includes decisions that have a “material legal or similarly significant effect on the provision

• Colorado's Artificial Intelligence Act: What Employers Need to Know

  ## On May 17, 2024, Colorado Governor Jared Polis signed into law Senate Bill (SB) 24-205, “Concerning Consumer Protections in Interactions With Artificial Intelligence Systems” (the “Colorado Artificial Intelligence (AI) Act”), a groundbreaking measure designed to regulate the private-sector use of AI systems, and, specifically, the risk of algorithmic discrimination arising from the use of high-risk AI systems. The law, which will take effect on February 1, 2026, will make Colorado the first [...] Colorado’s AI Act, SB 24-205, is designed to regulate the use of “high-risk” AI systems, imposing compliance obligations on both “developers” (i.e., creators) and “deployers” (i.e., users) of AI systems. Structurally, the law is similar to the European Union’s recently adopted Artificial Intelligence Act. The Colorado AI Act will become part of Colorado’s Consumer Protection Act. While the Colorado AI Act does not appear to authorize private rights of action (providing the Colorado attorney [...] Quick Hits With Governor Jared Polis’s signing into law SB 24-205, Colorado becomes the first U.S. state to enact comprehensive legislation regulating the use and development of AI systems. The law addresses, among other things, the risk of algorithmic discrimination “arising from the intended and contracted uses of … high-risk artificial intelligence system[s].” The Colorado AI Act will take effect on February 1, 2026.

• Colorado Passes Bill Amending Current AI Legislation

  Senate Bill 24-205 (SB 24-205), also known as the Colorado AI Act, was enacted in May to protect consumers from high-risk AI systems by implementing a risk management program. AI systems can pose risks of discrimination and bias in areas including hiring and education. Since the Colorado AI Act’s passage, some people have been working to slow down the regulations from taking effect.

• A Deep Dive into Colorado's Artificial Intelligence Act

  On May 17, 2024, Colorado Governor Jared Polis signed into law Senate Bill 24-205, known colloquially as the Colorado Artificial Intelligence Act (hereinafter the CAIA).1. The legislation is formally titled in the document as “An Act Concerning Consumer Protections for Interactions with Artificial Intelligence,” but many practitioners have been referring to the law as the “Colorado AI Act” or the “Colorado Artificial Intelligence Act.” )) This legislation, set to take effect on February 1, [...] 27. See id. § 6-1-1706(3). [↩] 28. See id. § 6-1-1707. [↩] 29. See, e.g., Culhane, supra note17. [↩] 30. Adam S. Forman et. al., Colorado SB-24-205: On the Verge of Addressing AI Risk with Sweeping Consumer Protection Law, Nat’l Law Rev. (May 17, 2024). [↩] 31. See U.S. Chamber of Commerce Letter to Governor Polis, U.S. Chamber of Com. (May 7, 2024). [↩]