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Increased Penalties for Financial Crimes Committed Using Artificial Intelligence.

This bill significantly increases prison sentences and fines for individuals who use Artificial Intelligence (AI) to commit financial crimes, including mail fraud, wire fraud, bank fraud, and money laundering. The goal is to protect citizens from technologically advanced scams by imposing much harsher penalties. These changes introduce fines up to $2 million and sentences up to 30 years for AI-assisted bank fraud.
Key points
Harsher Sentences: Maximum prison sentences for financial fraud committed with AI assistance are increased, reaching up to 30 years for bank fraud.
Higher Fines: Fines for AI-assisted fraud can reach $2 million or three times the value of laundered funds, whichever is greater.
Deterring AI Crime: The law aims to discourage criminals from using sophisticated AI tools to defraud citizens and institutions.
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Additional Information
Print number: 118_HR_10125
Sponsor: Rep. Lieu, Ted [D-CA-36]
Process start date: 2024-11-14
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

AI Fraud Deterrence Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10125.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-11-14.

What are the main provisions?

Key points include:

  • Harsher Sentences: Maximum prison sentences for financial fraud committed with AI assistance are increased, reaching up to 30 years for bank fraud.
  • Higher Fines: Fines for AI-assisted fraud can reach $2 million or three times the value of laundered funds, whichever is greater.
  • Deterring AI Crime: The law aims to discourage criminals from using sophisticated AI tools to defraud citizens and institutions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lieu, Ted [D-CA-36].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

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