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What this bill does
AI plain-language summaryThis bill requires the Department of the Treasury, the Department of Homeland Security, and the Department of Commerce to write a report about the dangers of people using artificial intelligence to commit financial crimes. The report must explain what the government is already doing to fight these risks, what tools are available right now, and what additional resources are needed. The types of risks covered include things like fake videos and voices, fake identities, election interference, tricks that mess with financial markets, and online fraud. After the report is finished, these agencies must also suggest new laws and best practices for businesses and the government to deal with these threats.
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