“The bill introduces a new requirement for every small business with a website to undertake annual risk assessments, which must be kept for six years.”

“We have to have an annual independent risk assessment, validating the security.”

“I’ll never forget… I check every bio that goes on the website now… you got to do this risk assessment.”

“The AI office can request, as it was said, the information and model access, conduct evaluations that require measures concerning the general purpose AI providers that have systemic risk.”

“‘We charge a fair amount for risk assessments… each one requires at least 10-15-20 hours of billable time.’”