New York’s proposed RAISE Act 2.0 would impose fines of up to $1 million per day for a first AI safety violation and $3 million per day for later ones. A repeat violation could reach $90 million over 30 days.

The bill would extend the law to any developer that spent more than $1 billion on its models over three years, and require annual outside safety audits, quarterly reports on AI-run research and a senior officer’s certification of filings.

Eighty-nine percent of enterprises use agentic AI, but 78% would limit agents to reading company directories, PYMNTS Intelligence found.

New York lawmakers want to make violations of artificial intelligence safety rules considerably more expensive. A bill known as RAISE Act 2.0 would charge frontier AI developers, the companies that build the most advanced AI models, by the day for each violation.

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Under Senate Bill S10731, which state Sen. Andrew Gounardes filed Oct. 28, a developer could face fines of up to $1 million per day for a first violation and $3 million per day for later ones. The original Responsible AI Safety and Education (RAISE) Act caps fines at $1 million for a first violation and $3 million for each one after that, no matter how long it lasts.

At $3 million per day, a repeat violation that runs 30 days could cost up to $90 million, compared with $3 million under the original law.

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