EU Council and Parliament Reach Provisional Deal to Simplify AI Act Rules

Summary

The Council presidency and European Parliament negotiators reached a provisional agreement on May 7, 2026 to streamline the EU AI Act as part of the "Omnibus VII" simplification package. The most significant change extends the compliance deadline for high-risk AI systems to December 2027, with a further extension to August 2028 for AI embedded in regulated products like medical devices and toys. The deal reduces compliance duplication by preventing companies from being regulated twice under both