Preventing Deep Fake Scams Act

This bill creates a special group called the Task Force on Artificial Intelligence in the Financial Services Sector. The group would include people from several government agencies that oversee money and banking, such as the Treasury Department, the Federal Reserve, and others. The task force is required to put together a report on how banks and credit unions are stopping fraud that uses artificial intelligence, what the best ways are for these institutions to keep their customers safe, and what new laws or rules might be needed.

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