Bill > HR3723

This bill, known as the Consumer Safety Technology Act, has three key provisions: 1. The "AI for Consumer Product Safety Act" directs the Consumer Product Safety Commission to establish a pilot program to explore the use of artificial intelligence to support its consumer product safety mission, such as tracking injury trends, identifying product hazards, monitoring the marketplace for recalled products, and identifying products that should be refused admission into the U.S. 2. The "Blockchain Innovation Act" requires the Secretary of Commerce, in consultation with the Federal Trade Commission, to conduct a study on the current and potential use of blockchain technology in commerce, including its potential benefits for limiting fraud and other unfair and deceptive acts and practices. 3. The "Digital Taxonomy Act" requires the Federal Trade Commission to submit annual reports to Congress on any actions it has taken relating to unfair or deceptive acts or practices in transactions involving digital tokens, its other efforts to prevent such practices, and any recommendations for legislation to further protect consumers and promote innovation in the digital token sector.

Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/117th-congress/house-bill/3723/all-info