🔴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 → Iowa → Finance & Banking → Mid-Market (51-250)
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Iowa AI Laws for Mid-Market (51-250) in Finance & Banking

You likely need a dedicated compliance officer. Formal impact assessments and bias audits may be required.

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Maximum penalty: Administrative
Applies to mid-market (51-250) in finance & banking

Applicable law: AI in Government Act

State agencies must disclose AI use. Private sector framework under development.

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

Deadline: July 1, 2026Penalty: AdministrativeStatus: Enacted

Other company sizes

🚀 Startups (1-10)🏪 Small Business (11-50)🏛️ Enterprise (250+)
Compare the cost

How much does AI compliance cost?

Lawyer
$200-500
per hour
Enterprise tool
$10K+
per year
Our kit
$49
one-time

Get the mid-market (51-250) compliance guide for finance & banking businesses in Iowa.

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