🔴Illinois HB 3773IN EFFECT$10M fine|🔴Texas TRAIGAIN EFFECTActive enforcement|⚠️Colorado SB 205Jun 30, 2026Per-violation fines|⚠️California SB 942Aug 2, 2026$5K/day|⚠️EU AI Act Art. 50Aug 2, 2026€35M or 7% revenue|⚠️Virginia HB 2154Jul 1, 2026$10K/violation|⚠️Connecticut SB 2Oct 1, 2026$25K/violation|🔴Illinois HB 3773IN EFFECT$10M fine|🔴Texas TRAIGAIN EFFECTActive enforcement|⚠️Colorado SB 205Jun 30, 2026Per-violation fines|⚠️California SB 942Aug 2, 2026$5K/day|⚠️EU AI Act Art. 50Aug 2, 2026€35M or 7% revenue|⚠️Virginia HB 2154Jul 1, 2026$10K/violation|⚠️Connecticut SB 2Oct 1, 2026$25K/violation|
Home → Alabama → Finance & Banking → Enterprise (250+)
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Alabama AI Laws for Enterprise (250+) in Finance & Banking

Comprehensive AI inventory, regular audits, board-level oversight, and dedicated legal counsel required.

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Maximum penalty: N/A (Executive)
Applies to enterprise (250+) in finance & banking

Applicable law: Executive Order on AI

State agencies required to adopt AI governance policies. Private sector guidance pending.

Fair lending laws plus state AI requirements. AI credit decisions need documented bias testing.

Deadline: OngoingPenalty: N/A (Executive)Status: Executive Order

Other company sizes

🚀 Startups (1-10)🏪 Small Business (11-50)🏢 Mid-Market (51-250)
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$200-500
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$10K+
per year
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$49
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