The proposed bill establishes a comprehensive framework for the licensing of independent verification organizations tasked with assessing artificial intelligence (AI) models and applications to mitigate associated risks. It introduces new sections to the Revised Code, specifically sections 3755.01 through 3755.12, which define essential terms such as "artificial intelligence application," "deployer," "developer," and "independent verification organization." The bill outlines a detailed application process for obtaining a license, which requires organizations to submit plans addressing various risks, acceptable levels of risk mitigation, and ongoing monitoring protocols. The Attorney General is designated to oversee the licensing process, ensuring that these organizations maintain independence from the AI industry.

Additionally, the bill establishes an artificial intelligence safety advisory council to assist the Attorney General in overseeing compliance with the new standards. This council will include representatives from civil society and is responsible for evaluating license applications and maintaining records of its proceedings. The legislation also introduces a rebuttable presumption against liability in civil actions related to verified AI models, contingent on specific conditions being met. Independent verification organizations are required to submit annual reports on their evaluations and any societal risks identified. The Attorney General is empowered to adopt rules for effective administration, including conflict of interest guidelines and corrective actions for non-compliance, ultimately aiming to enhance the safety and accountability of AI technologies in Ohio.