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Fernanda Rodriguez

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In brief On July 26, 2023, the U.S. Securities and Exchange Commission (“SEC”) approved the final rules for Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure (“Final Rules”). As previously reported, the SEC first proposed amendments to its rules on disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies on March 9, 2022 (“Proposed Rules”). Similar to the Proposed Rules, the Final Rules, broadly speaking, require (i) issuers to make disclosures…

In Brief In April 2023, Arkansas Governor Sarah Huckabee Sanders signed into law SB 396, the Social Media Safety Act (the “Act”). Arkansas is the second state to enact a law that specifically regulates minors’ social media use, following Utah’s recent social media legislation. The Act, which takes effect on September 1, 2023, requires social media platforms (as defined under the Act) to verify account holders ages in order to prohibit Arkansas residents younger than…

In Brief Global regulations to govern the development and use of artificial intelligence (“AI”) are being reviewed and implemented in rapid pace. While the U.S. does not have a comprehensive regulatory framework for AI, there are initiatives underway at the federal and state level, including the framework recently released by the National Institute of Standards and Technology (“NIST”), the AI Risk Management Framework (“RMF”). Background AI technology has a wide range of benefits, including increased…