Consumer Safety Technology Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Consumer Safety Technology Act aims to improve consumer product safety through two main initiatives. First, it directs the Consumer Product Safety Commission (CPSC) to establish a pilot program using artificial intelligence (AI) for tasks like tracking injury trends, identifying hazards, and monitoring recalls. Second, it requires the Department of Commerce and the Federal Trade Commission to study blockchain technology and its potential for consumer protection, including preventing fraud and deceptive practices. Finally, it mandates a report on token transactions and recommendations for improving consumer protection in the digital token market.
Key provisions
- Establishes a CPSC pilot program to explore the use of artificial intelligence for consumer product safety.
- Requires the Department of Commerce to study blockchain technology and its use in consumer protection.
- Requires the Federal Trade Commission to study and report on unfair or deceptive practices related to digital tokens.
- Directs the CPSC to consult with various stakeholders during the AI pilot program.
- Mandates the CPSC to report on the findings of the AI pilot program to Congress.
- Requires the Secretary of Commerce to report on blockchain technology to Congress.
- Requires the FTC to report on token-related unfair or deceptive practices to Congress.
- Identifies key findings regarding the importance of innovation, tokens, and consumer protection.
Who is affected
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