summary
Introduced
08/28/2020
08/28/2020
In Committee
09/09/2020
09/09/2020
Crossed Over
09/30/2020
09/30/2020
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Requires various agencies to explore the use of emerging technologies in the context of consumer products and safety. First, the Consumer Product and Safety Commission must consult with relevant stakeholders, such as data scientists and product manufacturers, and use artificial intelligence in a pilot program for a least one of the following processes: (1) tracking trends in injuries involving consumer products, (2) identifying consumer product hazards, (3) monitoring the sale of recalled consumer products, or (4) identifying consumer products that do not meet specified importation requirements related to product safety. Additionally, the Department of Commerce must consult with the Federal Trade Commission (FTC) and other relevant agencies to study potential applications of blockchain technology (i.e., the technology that supports digital currencies such as Bitcoin), including the use of such technology to address fraud and other unfair or deceptive practices. Finally, the FTC must report on its efforts to address unfair or deceptive trade practices related to digital tokens (i.e., transferable units of a digital currency).
AI Summary
This bill, known as the Consumer Safety Technology Act, has several key provisions:
1. It requires the Consumer Product Safety Commission (CPSC) to establish a pilot program to explore the use of artificial intelligence (AI) for various purposes related to consumer product safety, such as tracking injury trends, identifying product hazards, and monitoring the sale of recalled products.
2. It directs the Department of Commerce, in consultation with the Federal Trade Commission (FTC) and other agencies, to study the potential applications of blockchain technology, including its use in addressing fraud and unfair or deceptive practices.
3. It requires the FTC to report on its efforts to address unfair or deceptive trade practices related to digital tokens, which are transferable units of a digital currency.
The bill aims to leverage emerging technologies like AI and blockchain to enhance consumer product safety and protection, as well as promote innovation in the digital token sector.
Committee Categories
Business and Industry, Transportation and Infrastructure
Sponsors (5)
Last Action
Received in the Senate and Read twice and referred to the Committee on Commerce, Science, and Transportation. (on 09/30/2020)
Official Document
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