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Report on AI Risks in Financial Crimes and Misinformation

This act requires government agencies to prepare reports on the threats posed by artificial intelligence to financial and national security, including fraud and misinformation. This aims to protect citizens and businesses from new forms of digital crime, such as deepfakes and voice cloning, and to develop defensive strategies.
Key points
The government will regularly report on risks associated with using artificial intelligence for financial fraud and spreading misinformation.
Reports will consider risks like deepfakes, voice cloning, election interference, and digital fraud, impacting citizens' financial security.
Legislative recommendations and best practices will be developed for businesses and government entities to mitigate AI-driven financial crimes.
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Expired
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Additional Information
Print number: 118_HR_7781
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2024-03-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

AI PLAN Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7781.

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 2024-03-21.

What are the main provisions?

Key points include:

  • The government will regularly report on risks associated with using artificial intelligence for financial fraud and spreading misinformation.
  • Reports will consider risks like deepfakes, voice cloning, election interference, and digital fraud, impacting citizens' financial security.
  • Legislative recommendations and best practices will be developed for businesses and government entities to mitigate AI-driven financial crimes.
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. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Security Economy Courts and Law