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Product Safety & New Tech: AI, Blockchain, Tokens

This act aims to enhance consumer product safety by using artificial intelligence to track hazards. It also explores blockchain technology's potential in consumer protection against fraud and analyzes the digital token market to ensure fair transactions. Citizens can expect safer products and better protection from digital scams.
Key points
The Consumer Product Safety Commission (CPSC) will launch a pilot program using AI to identify unsafe products and track recalled goods.
The Department of Commerce will study how blockchain technology can protect consumers from fraud and unfair practices.
The Federal Trade Commission (FTC) will report on unfair practices related to digital tokens to better protect users.
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Additional Information
Print number: 118_HR_4814
Sponsor: Rep. Soto, Darren [D-FL-9]
Process start date: 2023-07-20