To improve Federal technology procurement, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill requires three federal agencies to explore how emerging technologies can improve consumer protection. The Consumer Product Safety Commission must run a pilot program using artificial intelligence to track product injuries, identify hazards, and detect recalled products being sold online. The Department of Commerce must study how blockchain technology could prevent fraud. The FTC must report on its enforcement actions against deceptive practices involving digital tokens (cryptocurrency).
Who Benefits and How
Technology companies specializing in AI, blockchain, and cryptocurrency benefit from federal legitimization and potential future partnerships with government agencies. Retail platforms benefit from potential AI tools to identify dangerous or recalled products. Consumer protection advocates benefit from enhanced agency capabilities to detect fraud and product hazards.
Who Bears the Burden and How
Federal agencies (CPSC, Commerce, FTC) must allocate staff time and resources to conduct studies and pilot programs. There are no significant new burdens on private industry - this bill is primarily about government research and reporting.
Key Provisions
- CPSC must establish an AI pilot program within 1 year to track product injuries and monitor online sales of recalled products
- Commerce Department must study blockchain technology for fraud prevention, with public comment opportunity
- FTC must report on its token/cryptocurrency enforcement actions and recommend new legislation if needed
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Directs federal agencies to study and pilot emerging technologies (AI, blockchain, digital tokens) for consumer protection purposes
Key Policy Areas
Technology, Consumer Protection, Financial Services
Primary Purpose
Directs federal agencies to study and pilot emerging technologies (AI, blockchain, digital tokens) for consumer protection purposes
Policy Domains
Title I - AI in Consumer Product Safety
Identified Gains
Contextual inference, no direct clause citation- AI/ML technology companies
- Consumer safety advocates
- Retail platforms
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Consumer Product Safety Commission
Contextual inference, no direct clause citation
Title II - Blockchain Technology Study
Identified Gains
Contextual inference, no direct clause citation- Blockchain technology companies
- Consumer protection organizations
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Department of Commerce
Contextual inference, no direct clause citation
Title III - Digital Taxonomy Act
Identified Gains
Contextual inference, no direct clause citation- Cryptocurrency/token industry
- Consumer protection advocates
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal Trade Commission
Contextual inference, no direct clause citation
Sponsors
Gary C. Peters
D-MI | Primary Sponsor
Legislative Progress
ReportedReported by Mr. Peters, with an amendment
Mr. Peters (for himself and Mr. Cruz) introduced the following …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Chief Acquisition Officers Council, Federal Acquisition Institute, Federal acquisition workforce
Positive-direction: Federal contracting officers
Negative-direction: Chief Acquisition Officers Council, Federal Acquisition Institute, Federal agencies implementing the Act, Government Accountability Office, Office of Federal Procurement Policy
Employee-owned businesses (ESOPs), Employees of federal contractors, New entrants to federal contracting
Companies with commercial but not government experience, Companies with commercial experience, Innovative technology companies
Technology training providers, Training and education providers
Large incumbent federal contractors, Non-ESOP federal contractors
Cloud computing providers
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → Consumer Product Safety Commission
- "the_secretary"
- → Secretary of Commerce
- "the_commission"
- → Federal Trade Commission
Note: 'The Commission' refers to Consumer Product Safety Commission in Title I but Federal Trade Commission in Title III
Key Definitions
Terms defined in this bill
Short title for Title III of this Act
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology