Trade: business regulation; requirements and safety standards for developers of certain artificial intelligence models; provide for. Creates new act.

HB 4668, the "Artificial Intelligence Safety and Security Transparency Act," requires large AI developers (defined as companies spending at least $5 million on a single model or $100 million total in the past year) to implement detailed safety protocols for foundation models. These protocols must address critical risks like mass casualties, $1 billion+ property damage, or AI-enabled weapons, including testing procedures, incident response plans, and physical/digital security measures. Developers must publicly publish safety protocols by 2026 and release quarterly transparency reports detailing risk assessments, critical risk thresholds, and any incidents. The law directly affects major AI companies building advanced systems, mandating concrete safety steps rather than vague guidelines.