I 

118TH CONGRESS 

2D SESSION H. R. 7781 

To require a report on the economic and national security risks posed by 

the use of artificial intelligence in the commission of financial crimes, 

including fraud and the dissemination of misinformation, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 21, 2024 

Mr. NUNN of Iowa (for himself and Ms. SPANBERGER) introduced the 

following bill; which was referred to the Committee on Financial Services 

A BILL 

To require a report on the economic and national security 

risks posed by the use of artificial intelligence in the 

commission of financial crimes, including fraud and the 

dissemination of misinformation, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Artificial Intelligence 

5 Practices, Logistics, Actions, and Necessities Act’’ or the 

6 ‘‘AI PLAN Act’’. 


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1 SEC. 2. REPORT ON RISKS POSED BY THE USE OF ARTIFI2 CIAL INTELLIGENCE. 

3 (a) SENSE OF CONGRESS.—It is the sense of Con4 gress that the development and use of artificial intelligence 

5 in the commission of financial crimes by adversarial actors 

6 poses a significant risk to the national and economic secu7 rity of the United States. 

8 (b) REPORT ON RISKS POSED BY MISINFORMATION, 

9 FRAUD, AND FINANCIAL CRIME CONDUCTED WITH ARTI10 FICIAL INTELLIGENCE.— 

11 (1) IN GENERAL.—Not later than 180 days 

12 after the date of the enactment of this Act and an13 nually thereafter, the Secretary of the Treasury, the 

14 Secretary of Homeland Security, and the Secretary 

15 of Commerce, in consultation with the officials speci16 fied in paragraph (3), shall jointly submit to Con17 gress a report that includes the following: 

18 (A) A description of interagency policies 

19 and procedures to defend United States finan20 cial markets, United States persons, United 

21 States businesses, and global supply chains 

22 from the national and economic security risks 

23 posed by the use of artificial intelligence in the 

24 commission of financial crimes, including fraud 

25 and the dissemination of misinformation. 


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1 (B) An itemized list of resources, hard2 ware, software, technologies, people, and budg3 etary estimates needed to help Federal depart4 ments and agencies to combat the use of artifi5 cial intelligence in the commission of financial 

6 crimes, including fraud and the dissemination 

7 of misinformation. 

8 (2) CONSIDERATIONS.—Reports required pur9 suant to paragraph (1) shall take the following risks 

10 into consideration: 

11 (A) Deepfakes. 

12 (B) Voice cloning. 

13 (C) Foreign election interference. 

14 (D) Synthetic identities. 

15 (E) False flags and false signals that dis16 rupt market operations. 

17 (F) Overall digital fraud. 

18 (3) OFFICIALS SPECIFIED.—The officials speci19 fied in this paragraph are the following: 

20 (A) The United States Trade Representa21 tive. 

22 (B) The Attorney General. 

23 (C) The Chairman of the Board of Gov24 ernors of the Federal Reserve System. 


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1 (D) The Director of the National Institute 

2 of Standards and Technology. 

3 (E) The Under Secretary of Commerce for 

4 Industry and Security. 

5 (c) RECOMMENDATIONS.—Not later than 90 days 

6 after each report under subsection (b) is submitted, the 

7 Secretary of the Treasury, the Secretary of Homeland Se8 curity, and the Secretary of Commerce shall jointly submit 

9 to Congress a set of recommendations relating to each 

10 such respective report that contain the following: 

11 (1) Legislative recommendations to address the 

12 risks posed by the use of artificial intelligence in the 

13 commission of financial crimes, including fraud and 

14 the dissemination of misinformation. 

15 (2) Best practices to assist businesses and gov16 ernment entities in the United States with risk miti17 gation and incident response to address the risks 

18 posed by the use of artificial intelligence in the com19 mission of financial crimes, including fraud and the 

20 dissemination of misinformation. 

Æ 


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