🔴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|
HomeUtahFinance & BankingEnterprise (250+)
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Utah 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: Up to $2,500 per violation
Applies to enterprise (250+) in finance & banking

Applicable law: SB 149 — AI Policy Act

Generative AI must disclose AI nature when asked. First comprehensive state AI law in US.

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

Deadline: May 1, 2024Penalty: Up to $2,500 per violationStatus: In Effect

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
Enterprise tool
$10K+
per year
Our kit
$49
one-time

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