Bill > S2766

This bill, known as the Consumer Safety Technology Act, establishes three main initiatives focused on emerging technologies: artificial intelligence, blockchain technology, and digital tokens. First, it directs the Consumer Product Safety Commission to create a pilot program exploring how artificial intelligence can support consumer product safety, including tracking product-related injuries, identifying product hazards, monitoring recalled product sales, and helping prevent unsafe products from entering the U.S. The Commission must consult with various experts and submit a report to Congress about the program's findings. Second, the bill requires the Secretary of Commerce to conduct a comprehensive study on blockchain technology's potential consumer protection applications, examining existing and emerging uses, investment trends, public-private partnership opportunities, and potential regulatory modifications. Third, the bill instructs the Federal Trade Commission to prepare a report on unfair or deceptive practices related to digital tokens, detailing actions taken, prevention efforts, and recommendations for future consumer protection legislation. The overall aim is to help the United States remain a leader in technological innovation while ensuring consumer safety and preventing fraudulent practices in emerging digital marketplaces.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/senate-bill/2766/all-info