Adopt the Transparency in Artificial Intelligence Risk Management Act, create a fund, and change provisions relating to records which may be withheld from the public

1. **ONE-SENTENCE SUMMARY:** This bill aimed to establish guidelines for managing risks associated with artificial intelligence and create a fund for related initiatives. 2. **KEY REQUIREMENTS:** - No immediate actions required since the bill has failed. - Stay informed about future legislation regarding AI risk management. 3. **DEADLINES:** - The bill has not passed, so there are no effective dates or compliance deadlines. 4. **PENALTIES:** - There are no penalties associated with this bill as it did not become law. 5. **SMB IMPACT:** Small businesses are not currently affected by this bill, but they should keep an eye on future regulations concerning AI, as compliance requirements may arise later.