AI PLAN Act

Artificial Intelligence Practices, Logistics, Actions, and Necessities Act or the AI PLAN Act

This bill requires the Department of the Treasury, the Department of Homeland Security (DHS), and the Department of Commerce (DOC) to submit a report that discusses the national and economic security risks posed by the use of artificial intelligence in the commission of financial crimes and a list of resources needed by federal agencies to combat these risks. The report must consider the risks of deepfakes, voice cloning, foreign election interference, synthetic identities, false flags, and general digital fraud.

After submission of this report, Treasury, DHS, and DOC must make recommendations for legislation and best practices for businesses and government entities to address these risks. 

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7781 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 7781

 To require a report on the economic and national security risks posed 
 by the use of artificial intelligence in the commission of financial 
 crimes, including fraud and the dissemination of misinformation, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 21, 2024

   Mr. Nunn of Iowa (for himself and Ms. Spanberger) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
 To require a report on the economic and national security risks posed 
 by the use of artificial intelligence in the commission of financial 
 crimes, including fraud and the dissemination of misinformation, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Artificial Intelligence Practices, 
Logistics, Actions, and Necessities Act'' or the ``AI PLAN Act''.

SEC. 2. REPORT ON RISKS POSED BY THE USE OF ARTIFICIAL INTELLIGENCE.

    (a) Sense of Congress.--It is the sense of Congress that the 
development and use of artificial intelligence in the commission of 
financial crimes by adversarial actors poses a significant risk to the 
national and economic security of the United States.
    (b) Report on Risks Posed by Misinformation, Fraud, and Financial 
Crime Conducted With Artificial Intelligence.--
            (1) In general.--Not later than 180 days after the date of 
        the enactment of this Act and annually thereafter, the 
        Secretary of the Treasury, the Secretary of Homeland Security, 
        and the Secretary of Commerce, in consultation with the 
        officials specified in paragraph (3), shall jointly submit to 
        Congress a report that includes the following:
                    (A) A description of interagency policies and 
                procedures to defend United States financial markets, 
                United States persons, United States businesses, and 
                global supply chains from the national and economic 
                security risks posed by the use of artificial 
                intelligence in the commission of financial crimes, 
                including fraud and the dissemination of 
                misinformation.
                    (B) An itemized list of resources, hardware, 
                software, technologies, people, and budgetary estimates 
                needed to help Federal departments and agencies to 
                combat the use of artificial intelligence in the 
                commission of financial crimes, including fraud and the 
                dissemination of misinformation.
            (2) Considerations.--Reports required pursuant to paragraph 
        (1) shall take the following risks into consideration:
                    (A) Deepfakes.
                    (B) Voice cloning.
                    (C) Foreign election interference.
                    (D) Synthetic identities.
                    (E) False flags and false signals that disrupt 
                market operations.
                    (F) Overall digital fraud.
            (3) Officials specified.--The officials specified in this 
        paragraph are the following:
                    (A) The United States Trade Representative.
                    (B) The Attorney General.
                    (C) The Chairman of the Board of Governors of the 
                Federal Reserve System.
                    (D) The Director of the National Institute of 
                Standards and Technology.
                    (E) The Under Secretary of Commerce for Industry 
                and Security.
    (c) Recommendations.--Not later than 90 days after each report 
under subsection (b) is submitted, the Secretary of the Treasury, the 
Secretary of Homeland Security, and the Secretary of Commerce shall 
jointly submit to Congress a set of recommendations relating to each 
such respective report that contain the following:
            (1) Legislative recommendations to address the risks posed 
        by the use of artificial intelligence in the commission of 
        financial crimes, including fraud and the dissemination of 
        misinformation.
            (2) Best practices to assist businesses and government 
        entities in the United States with risk mitigation and incident 
        response to address the risks posed by the use of artificial 
        intelligence in the commission of financial crimes, including 
        fraud and the dissemination of misinformation.
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