[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4814 Referred in Senate (RFS)]

<DOC>
118th CONGRESS
  2d Session
                                H. R. 4814


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 15, 2024

    Received; read twice and referred to the Committee on Commerce, 
                      Science, and Transportation

_______________________________________________________________________

                                 AN ACT


 
 To direct the Consumer Product Safety Commission to establish a pilot 
program to explore the use of artificial intelligence in support of the 
 mission of the Commission and to direct the Secretary of Commerce and 
    the Federal Trade Commission to study and report on the use of 
            blockchain technology and tokens, respectively.


 


    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Consumer Safety 
Technology Act''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Definitions.
      TITLE I--ARTIFICIAL INTELLIGENCE AND CONSUMER PRODUCT SAFETY

Sec. 101. Short title.
Sec. 102. Pilot program for use of artificial intelligence by Consumer 
                            Product Safety Commission.
               TITLE II--BLOCKCHAIN TECHNOLOGY INNOVATION

Sec. 201. Short title.
Sec. 202. Study on blockchain technology and its use in consumer 
                            protection.
                       TITLE III--TOKEN TAXONOMY

Sec. 301. Short title.
Sec. 302. Findings.
Sec. 303. Report on unfair or deceptive acts or practices in 
                            transactions relating to tokens.

SEC. 2. DEFINITIONS.

    In this Act--
            (1) the term ``consumer product'' has the meaning given 
        such term in section 3(a) of the Consumer Product Safety Act 
        (15 U.S.C. 2052(a));
            (2) the term ``Secretary'' means the Secretary of Commerce; 
        and
            (3) the term ``token'' means a transferrable, digital 
        representation of information recorded on a blockchain or other 
        distributed ledger technology.

      TITLE I--ARTIFICIAL INTELLIGENCE AND CONSUMER PRODUCT SAFETY

SEC. 101. SHORT TITLE.

    This title may be cited as the ``AI for Consumer Product Safety 
Act''.

SEC. 102. PILOT PROGRAM FOR USE OF ARTIFICIAL INTELLIGENCE BY CONSUMER 
              PRODUCT SAFETY COMMISSION.

    (a) Establishment.--Not later than 1 year after the date of the 
enactment of this Act, the Consumer Product Safety Commission shall 
establish a pilot program to explore the use of artificial intelligence 
by the Commission in support of the consumer product safety mission of 
the Commission, as described in section 2(b) of the Consumer Product 
Safety Act (15 U.S.C. 2051(b)).
    (b) Requirements.--In conducting the pilot program established 
under subsection (a), the Commission shall do the following:
            (1) Use artificial intelligence for at least 1 of the 
        following purposes:
                    (A) Tracking trends with respect to injuries 
                involving consumer products.
                    (B) Identifying consumer product hazards.
                    (C) Monitoring the retail marketplace (including 
                internet websites) for the sale of recalled consumer 
                products (including both new and used products).
                    (D) Identifying consumer products required by 
                section 17(a) of the Consumer Product Safety Act (15 
                U.S.C. 2066(a)) to be refused admission into the 
                customs territory of the United States.
            (2) Consistent with section 6 of the Consumer Product 
        Safety Act (15 U.S.C. 2055), consult with the following:
                    (A) Technologists, data scientists, and experts in 
                artificial intelligence and machine learning.
                    (B) Cybersecurity experts.
                    (C) Members of the retail industry.
                    (D) Consumer product manufacturers.
                    (E) Consumer product safety organizations.
                    (F) Any other person the Commission considers 
                appropriate.
    (c) Report to Congress.--Not later than 1 year after the conclusion 
of the pilot program established under subsection (a), the Consumer 
Product Safety Commission shall submit to the Committee on Energy and 
Commerce of the House of Representatives and the Committee on Commerce, 
Science, and Transportation of the Senate, and make publicly available 
on the website of the Commission, a report on the findings and data 
derived from such program, including the extent to which the use of 
artificial intelligence improved the ability of the Commission to 
advance the consumer product safety mission of the Commission.

               TITLE II--BLOCKCHAIN TECHNOLOGY INNOVATION

SEC. 201. SHORT TITLE.

    This title may be cited as the ``Blockchain Innovation Act''.

SEC. 202. STUDY ON BLOCKCHAIN TECHNOLOGY AND ITS USE IN CONSUMER 
              PROTECTION.

    (a) In General.--
            (1) Study required.--Not later than 1 year after the date 
        of the enactment of this Act, the Secretary of Commerce, in 
        consultation with the Federal Trade Commission and any other 
        Federal agency the Secretary determines appropriate, shall 
        complete a study on the possible uses of blockchain technology 
        for consumer protection purposes, including preventing or 
        mitigating fraud and other unfair or deceptive acts or 
        practices.
            (2) Requirements for study.--In conducting the study 
        required by paragraph (1), the Secretary shall examine--
                    (A) existing and emerging uses of blockchain 
                technology that could help protect consumers, including 
                by preventing or mitigating fraud and other unfair or 
                deceptive acts or practices within the meaning of 
                section 5 of the Federal Trade Commission Act (15 
                U.S.C. 45);
                    (B) trends in the commercial use of and investment 
                in blockchain technology to prevent or mitigate fraud 
                and other unfair or deceptive acts or practices as 
                described in subparagraph (A);
                    (C) best practices in facilitating public-private 
                partnerships in blockchain technology to prevent or 
                mitigate fraud and other unfair or deceptive acts or 
                practices as described in subparagraph (A);
                    (D) potential benefits and risks related to the use 
                of blockchain technology to prevent or mitigate fraud 
                and other unfair or deceptive acts or practices as 
                described in subparagraph (A);
                    (E) possible modifications to Federal regulations 
                that could encourage the use of blockchain technology 
                to prevent or mitigate fraud and other unfair or 
                deceptive acts or practices as described in 
                subparagraph (A); and
                    (F) any other relevant observations or 
                recommendations related to the use of blockchain 
                technology for consumer protection purposes, including 
                preventing or mitigating fraud and other unfair or 
                deceptive acts or practices as described in 
                subparagraph (A).
            (3) Public comment.--In conducting the study required by 
        paragraph (1), the Secretary shall provide opportunity for 
        public comment and advice relevant to conducting the study.
    (b) Report to Congress.--Not later than 6 months after the 
completion of the study required by subsection (a)(1), the Secretary 
shall submit to the Committee on Energy and Commerce of the House of 
Representatives and the Committee on Commerce, Science, and 
Transportation of the Senate, and make publicly available on the 
website of the Department of Commerce, a report that contains the 
results of such study.

                       TITLE III--TOKEN TAXONOMY

SEC. 301. SHORT TITLE.

    This title may be cited as the ``Digital Taxonomy Act''.

SEC. 302. FINDINGS.

    Congress finds that--
            (1) it is important that the United States remains a leader 
        in innovation;
            (2) tokens and blockchain technology are driving innovation 
        and providing consumers with increased choice and convenience;
            (3) the use of tokens and blockchain technology is likely 
        to increase in the future;
            (4) the Federal Trade Commission is responsible for 
        protecting consumers from unfair or deceptive acts or 
        practices, including relating to tokens;
            (5) the Commission has previously taken action against 
        unscrupulous companies and individuals that committed unfair or 
        deceptive acts or practices involving tokens; and
            (6) to bolster the Commission's ability to enforce against 
        unfair or deceptive acts or practices involving tokens, the 
        Commission should ensure staff have appropriate training and 
        resources to identify and pursue such cases.

SEC. 303. REPORT ON UNFAIR OR DECEPTIVE ACTS OR PRACTICES IN 
              TRANSACTIONS RELATING TO TOKENS.

    Not later than 1 year after the date of the enactment of this Act, 
the Federal Trade Commission shall submit to the Committee on Energy 
and Commerce of the House of Representatives and the Committee on 
Commerce, Science, and Transportation of the Senate, and make publicly 
available on the website of the Commission, a report on--
            (1) any actions taken by the Commission relating to unfair 
        or deceptive acts or practices in transactions relating to 
        tokens;
            (2) any other efforts of the Commission to prevent unfair 
        or deceptive acts or practices relating to tokens; and
            (3) any recommendations by the Commission for legislation 
        that would improve the ability of the Commission and other 
        relevant Federal agencies to further protect consumers from 
        unfair or deceptive acts or practices in the token marketplace.

            Passed the House of Representatives May 14, 2024.

            Attest:

                                             KEVIN F. MCCUMBER,

                                                                 Clerk.