🔴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 → South Carolina → Finance & Banking → Enterprise (250+)
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South Carolina AI Laws for Enterprise (250+) in Finance & Banking

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

Applicable law: AI Task Force

Governor's AI task force issued recommendations. Legislation expected 2027.

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

Deadline: TBDPenalty: TBDStatus: Study Phase

Other company sizes

🚀 Startups (1-10)🏪 Small Business (11-50)🏢 Mid-Market (51-250)
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How much does AI compliance cost?

Lawyer
$200-500
per hour
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$10K+
per year
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$49
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