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Product Safety: AI, Blockchain, and Consumer Protection

This act aims to enhance product safety by using artificial intelligence to track hazards. It also explores how blockchain technology can protect consumers from fraud and strengthens efforts against unfair practices related to digital currencies.
Key points
The Consumer Product Safety Commission (CPSC) will launch a pilot program to explore how artificial intelligence can help identify dangerous products and track injury trends.
Studies will be conducted on how blockchain technology can be used to increase transaction security and reduce fraud in commerce.
The Federal Trade Commission's (FTC) efforts to protect consumers from unfair practices involving digital currencies will be strengthened, including through regular reports on actions taken.
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Additional Information
Print number: 117_HR_3723
Sponsor: Rep. McNerney, Jerry [D-CA-9]
Process start date: 2021-06-04