H.R. 1770

Consumer Safety Technology Act

Sponsor: Darren Soto

3 cosponsors
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Official summary

Written by the Congressional Research Service.

Consumer Safety Technology Act

This bill (1) establishes a pilot program to explore the use of artificial intelligence to support the Consumer Product Safety Commission (CPSC), and (2) requires reports related to blockchain technology and digital tokens.

Specifically, the CPSC must consult with relevant stakeholders, such as data scientists and product manufacturers, and use artificial intelligence for a least one of the following purposes: (1) tracking trends in injuries involving consumer products, (2) identifying consumer product hazards, (3) monitoring the sale of recalled consumer products, or (4) identifying consumer products that do not meet specified importation requirements related to product safety.

The bill also requires (1) the Department of Commerce to report on existing and emerging uses of blockchain technology for consumer protection, and (2) the Federal Trade Commission to report on its efforts to prevent unfair or deceptive practices relating to digital tokens.

Text of the bill

Expand all

I Artificial Intelligence and Consumer Product Safety

II Blockchain Technology Innovation

III Token Taxonomy

Sec. 302. Findings Since introduced

Congress finds that—

(1) it is important that the United States remains a leader in innovation;

(2) tokens and blockchain technology are driving innovation and providing consumers with increased choice and convenience;

(3) the use of tokens and blockchain technology is likely to increase in the future;

(4) the Federal Trade Commission is responsible for protecting consumers from unfair or deceptive acts or practices, including relating to tokens;

(5) the Commission has previously taken action against unscrupulous companies and individuals that committed unfair or deceptive acts or practices involving tokens; and

(6) to bolster the Commission’s ability to enforce against unfair or deceptive acts or practices involving tokens, the Commission should ensure staff have appropriate training and resources to identify and pursue such cases.