AI PLAN Act (H.R. 2152)

Summary

Requires top government officials to create a yearly plan to protect the U.S. from financial crimes, fraud, and fake news created with artificial intelligence.

What problem does this solve?

Bad actors use new AI tools like deepfakes and voice cloning to commit financial crimes, threatening national security. This bill makes government agencies work together to create and update a plan each year to fight these AI-driven threats.

What does this bill do?

Requires an annual interagency strategy

Mandates the Secretaries of the Treasury, Homeland Security, and Commerce to jointly submit an annual report to Congress outlining a strategy to defend against AI-driven financial crimes.

Identifies specific AI threats to consider

Requires the strategy to consider specific risks like deepfakes, voice cloning, foreign election interference, synthetic identities, and market disruption.

Requires legislative and best practice recommendations

Directs the Secretaries to submit recommendations for new laws and best practices for businesses and government to mitigate AI risks, 90 days after each annual report.

Involves multiple government agencies

Requires consultation with officials like the Attorney General, Federal Reserve Chairman, and SEC Chairman to ensure a comprehensive government approach.

Who does this affect?

Federal government agencies
U.S. financial institutions and businesses
The general public

What is the real world impact?

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Strengthens national security against AI threats

Creates a coordinated government plan to protect U.S. financial markets, businesses, and people from advanced financial crimes committed using AI, such as deepfakes and voice cloning, which are growing threats.

When does this start?

The bill sets specific deadlines for reports and recommendations after it becomes law.

Initial strategy report to Congress

The first report outlining the strategy to combat AI-driven financial crimes must be submitted to Congress within 180 days after the bill becomes law.

Recommendations to Congress

Recommendations for new laws and best practices must be submitted to Congress within 90 days after each annual strategy report is delivered.

Annual strategy updates

After the initial report, the strategy must be updated and submitted to Congress every year.