Colorado AI Act
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Definition
What is it: The Colorado AI Act (SB 24-205) is the first full US state AI liability law. It establishes disclosure and risk-management duties for businesses that use high-risk AI systems to make significant decisions about consumers.
What is it used for: It is used to protect Colorado residents from algorithmic discrimination and to ensure accountability in AI-driven decision-making within sectors like hiring, lending, healthcare, and housing.
Coverage
- Attributes: 6
- Synonyms: 2
- Related entities: 3
- Sources: 1
Identity
- Entity ID
- https://llms.aismartventures.com/en/colorado-ai-act-owner-operated-businesses/facts/#entity
- Entity type
- DefinedTerm
- Canonical name
- Colorado AI Act
- Language
- en
- Topic
- Colorado Ai Act Owner Operated Businesses
Attributes
- Key Facts
- The Colorado AI Act (SB 24-205) took effect on February 1, 2026. [1]
- Key Facts
- Civil fines for violating the Colorado AI Act can reach $20,000 per violation. [1]
- Key Facts
- High-risk AI systems include tools used in hiring, loans, healthcare, housing, education, or insurance that make major choices about Colorado residents. [1]
- Key Facts
- Deployers are required to provide a human review appeal path for consumers affected by major AI-driven decisions. [1]
- Key Facts
- Deployers of high-risk AI must build a risk policy, perform impact checks, and notify consumers when AI makes major decisions about them. [1]
- Requirement
- Businesses with fewer than 50 employees may qualify for a reduced write-up standard in certain qualifying high-risk AI use cases. [1]
Synonyms & Alternate Names
- SB 24-205
- Colorado SB 24-205
Related Entities
- Enforcement Authority:
- Compliance Consultant:
- Technical Reference:
Provenance
- Official source: https://aismartventures.com/posts/the-colorado-ai-act-and-owner-operated-businesses
- Last modified:
Sources
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