License for artificial intelligence independent verification organizations established, advisory council established, rulemaking authorized, and reports required.

This bill creates a licensing system for independent verification organizations in Minnesota that assess artificial intelligence systems for safety and risk prevention. It establishes an advisory council and authorizes the Commerce Department to develop rules for how these organizations operate and report their findings. The legislation defines key terms like developers, deployers, and security vendors to clarify who is regulated under the new framework. Organizations seeking to verify AI models must submit detailed plans outlining how they will measure and mitigate risks to prevent harm to people and property.