,,ii  #aai? ,,congress  #a/ ,session    
,s4 #baag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #ah1 #bjbe,mr4   
,hu/$ 7= himself & ,mr4 ,w>nock7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to e/abli% ! ,task ,=ce on     
,artificial ,intellig5ce 9 ! ,f9ancial  
,s]vices ,sector to report to ,congress 
on issues relat$ to artificial          
intellig5ce 9 ! f9ancial s]vices sector1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,prev5t+ ,deep    
,fake ,scams ,act4  #b4 ,f9d+s ,!       
,congress f9ds ! foll[+3 7#a7           
,artificial intellig5ce is be+ us$ 9 new
 & innovative ways by ! f9ancial s]vices
 sector4  7#b7 ,artificial intellig5ce  
may provide b5efits to banks1 cr$it     
unions1 & bank+ consum]s4  7#c7         
,artificial intellig5ce poses unique    
?reats to ! safety & security ( cu/om]  
acc\nts4  7#d7 ,voice bank+ is (f]$ by  
_m banks = security & conv5i5ce reasons4

  7#e7 ,! popul>ity ( social m$ia has   
made video & audio ( pot5tial t>gets    
easi] to obta9 = bad actors4 ,^!        
mat]ials c be exploit$ to replicate !   
voices & appe>ances ( o!r p 9 pursuit ( 
data !ft1 id5tity !ft1 or fraud4  7#f7  
,bad actors c\ld utilize deep fakes1    
includ+ voice & audio manipulation1 to  
compromise & access ! f9ancial acc\nts (
 a consum]4  #c4 ,task ,=ce on          
,artificial ,intellig5ce 9 ! ,f9ancial  
,s]vices ,sector  7a7 ,e/abli%m5t ,!re  
is e/abli%$ a ,task ,=ce on ,artificial 
,intellig5ce 9 ! ,f9ancial ,s]vices     
,sector 79 ?is section ref]r$ to z !    
,task ,=ce74  7b7 ,memb]%ip ,! ,task    
,=ce %all consi/ ( ! foll[+3 7#a7 ,!    
,secret>y ( ! ,treasury1 or a designee1 
:o %all s]ve z ,*air ( ! ,task ,=ce4    
7#b7 ,! ,comptroll] ( ! ,curr5cy1 or a  
designee4  7#c7 ,! ,*airman ( ! ,bo>d ( 
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 or 
a designee4  7#d7 ,! ,*airp]son ( !     
,f$]al ,deposit ,insurance ,corporation1
 or a designee4  7#e7 ,! ,director ( !  

,bureau ( ,consum] ,f9ancial            
,protection1 or a designee4  7#f7 ,!    
,*airman ( ! ,national ,cr$it ,union    
,adm9i/ration1 or a designee4  7#g7 ,!  
,director ( ! ,f9ancial ,crimes         
,en=cem5t ,network1 or a designee4  7c7 
,report  7#a7 ,9 g5]al ,n lat] ?an ! end
 ( ! #a-ye> p]iod beg9n+ on ! date (    
enactm5t ( ?is ,act1 ! ,task ,=ce %all  
submit to ,congress a report conta9+ !  
cont5ts describ$ 9 p>agraph 7#c74  7#b7 
,consultation  7,a7 ,reque/ = ,in=mation
 ,n lat] ?an #ij days aft] ! date (     
enactm5t ( ?is ,act1 ! ,task ,=ce %all  
solicit public fe$back on ! report      
requir$ "u p>agraph 7#a74  7,b7 ,indu/ry
 & exp]t /akehold]s ,9 develop+ ! report
 requir$ "u p>agraph 7#a71 ! ,task ,=ce 
%all seek out & consult ) indu/ry &     
exp]t /akehold]s1 includ+-- 7i7         
depository in/itutions ( v>y+ asset     
sizes2  7ii7 cr$it unions ( v>y+ asset  
sizes2  7iii7 ?ird-p>ty v5dors :o use   
artificial intellig5ce :5 provid+       
s]vices to depository in/itutions &     

cr$it unions2 &  7iv7 artificial        
intellig5ce exp]ts4  7#c7 ,cont5ts ,!   
cont5ts ( ! report describ$ 9 ?is       
p>agraph are z foll[s3 7,a7 ,a          
description ( h[ banks & cr$it unions   
proactively protect !mselves & consum]s 
f fraud utiliz+ artificial intellig5ce4 
7,b7 ,a li/ ( /&>d def9itions = !       
diff]5t mann]s 9 :i* artificial         
intellig5ce is us$1 includ+ t]ms l      
g5]ative ,,ai1 ma*9e le>n+1 natural     
language process+1 algori?mic ,,ai1 &   
deep fakes4  7,c7 ,a description (      
pot5tial risks t c\ld result f ! use (  
artificial intellig5ce by bad actors to 
/eal data & id5tities ( consum]s &      
commit fraud4  7,d7 ,a li/ ( be/        
practices = f9ancial in/itutions to     
protect _! cu/om]s f attempts to /eal   
data & id5tities ( consum]s or commit   
fraud4  7,e7 ,legislative & regulatory  
recomm5dations = ! regulation (         
artificial intellig5ce & to protect     
consum]s f data !ft1 id5tity !ft1 &     
fraud4  7d7 ,t]m9ation ,! ,task ,=ce    

%all t]m9ate on ! date t is #ij days    
aft] ! date on :i* ! f9al report is     
issu$ pursuant to subsection 7c74