S. 4952

Protecting American Taxpayers Act

Sponsor: Joni Ernst

29 cosponsors
Follow this bill

Official summary

No official summary yet.

Text of the bill

Expand all

A Recovering stolen funds

I Improper Payments

II Assisting Small Businesses Not Fraudsters

III Welfare Abuse and Laundering Zillions

IV Returning Unspent COVID Funds

V Bonuses for cost-cutters

VI Improper payments transparency

B Protecting taxpayers

I Strengthening TANF Program Integrity

II Restriction on United States assistance for foreign agents

III Opposing international support for the Taliban

C Catching fraudsters

I Preventing deep fake scams

Sec. 3102. Findings

The Congress finds the following:

(1) Artificial intelligence is being used in new and innovative ways by the financial services sector.

(2) Artificial intelligence may provide benefits to banks, credit unions, and banking consumers.

(3) Artificial intelligence poses unique threats to the safety and security of customer accounts.

(4) Voice banking is offered by many banks for security and convenience reasons.

(5) The popularity of social media has made video and audio of potential targets easier to obtain for bad actors. These materials can be exploited to replicate the voices and appearances of other people in pursuit of data theft, identity theft, or fraud.

(6) Bad actors could utilize deep fakes, including voice and audio manipulation, to compromise and access the financial accounts of a consumer.

II SBA Fraud Enforcement Extension Act

III Recover Fraudulent COVID Funds

IV Fraud Alert Systems

V Stopping Transfers of Public Funds Abroad

VI Veterans Scam and Fraud Evasion Act of 2026

VII Expanding Whistleblower Protections for Contractors Act of 2026

D Severability