Artificial intelligence; framework for person/entity acting as an independent verification org.

Removed the immediate creation of a licensing system, fee structure, and specific duties for the CIO to regulate AI safety auditors.

Removed detailed legal definitions for AI models, deployers, and independent verification organizations.

Removed provisions for revoking licenses, mandatory reporting, and penalties for non-compliance.

Added a requirement for a joint commission to submit a feasibility report by November 1, 2026.

Changed the bill's purpose from enacting regulations to evaluating the practicality and cost of future regulations.

Established a mandatory licensing system for Independent Verification Organizations (IVOs) administered by the Virginia Information Technologies Agency.

Mandated that IVO licensing regulations include strict conflict-of-interest rules, funding transparency, and requirements for board independence from the AI industry.

Required IVO applicants to submit detailed plans on risk metrics, mitigation strategies, and ongoing monitoring protocols before receiving a license.

Created new legal definitions for 'Independent Verification Organization,' 'Deployer,' 'Developer,' and 'Security vendor' to clarify who is subject to the law.

Removed the original deadline of November 1, 2026, for submitting a feasibility report, replacing it with immediate implementation of new statutory sections.

Removed all provisions establishing a licensing system, defining independent verification organizations, and setting rules for AI safety audits.

Removed the authority of the CIO to issue licenses, revoke them, and establish an advisory council.

Added a requirement for the Joint Commission on Technology and Science to submit a feasibility report by November 1, 2026.

Added a mandate to evaluate the fiscal impact and viability of creating an independent verification organization framework.