June ’24 at-a-glance … regulations

Colorado introduces first U.S. law regulating AI 

Colorado became the first U.S. state to govern artificial intelligence (AI) when Governor Polis signed Senate Bill 24-205. The law, which takes effect in 2026, requires those developing and using the technology to ensure that AI-generated hiring, banking and housing decisions avoid “algorithmic discrimination.”  

In signing the bill, Polis urged that AI regulation be considered at the federal level, rather than creating a patchwork of state-level policies. A similar bill in Connecticut failed during the state’s legislative session this year.