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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Artificial Intelligence 
Practices, Logistics, Actions, and Necessities Act’’ or the 
‘‘AI PLAN Act’’. 
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SEC. 2. REPORT ON RISKS POSED BY THE USE OF ARTIFI-
CIAL INTELLIGENCE. 
(a) SENSE OF CONGRESS.—It is the sense of Con-
gress that the development and use of artificial intelligence 
in the commission of financial crimes by adversarial actors 
poses a significant risk to the national and economic secu-
rity of the United States. 
(b) REPORT ON RISKS POSED BY MISINFORMATION, 
FRAUD, AND FINANCIAL CRIME CONDUCTED WITH ARTI-
FICIAL INTELLIGENCE.— 
(1) IN
GENERAL.—Not later than 180 days 
after the date of the enactment of this Act and an-
nually thereafter, the Secretary of the Treasury, the 
Secretary of Homeland Security, and the Secretary 
of Commerce, in consultation with the officials speci-
fied in paragraph (3), shall jointly submit to Con-
gress a report that includes the following: 
(A) A description of interagency policies 
and procedures to defend United States finan-
cial markets, United States persons, United 
States businesses, and global supply chains 
from the national and economic security risks 
posed by the use of artificial intelligence in the 
commission of financial crimes, including fraud 
and the dissemination of misinformation. 
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(B) An itemized list of resources, hard-
ware, software, technologies, people, and budg-
etary estimates needed to help Federal depart-
ments and agencies to combat the use of artifi-
cial intelligence in the commission of financial 
crimes, including fraud and the dissemination 
of misinformation. 
(2) CONSIDERATIONS.—Reports required pur-
suant to paragraph (1) shall take the following risks 
into consideration: 
(A) Deepfakes. 
(B) Voice cloning. 
(C) Foreign election interference. 
(D) Synthetic identities. 
(E) False flags and false signals that dis-
rupt market operations. 
(F) Overall digital fraud. 
(3) OFFICIALS SPECIFIED.—The officials speci-
fied in this paragraph are the following: 
(A) The United States Trade Representa-
tive. 
(B) The Attorney General. 
(C) The Chairman of the Board of Gov-
ernors of the Federal Reserve System. 
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(D) The Director of the National Institute 
of Standards and Technology. 
(E) The Under Secretary of Commerce for 
Industry and Security. 
(c) RECOMMENDATIONS.—Not later than 90 days 
after each report under subsection (b) is submitted, the 
Secretary of the Treasury, the Secretary of Homeland Se-
curity, and the Secretary of Commerce shall jointly submit 
to Congress a set of recommendations relating to each 
such respective report that contain the following: 
(1) Legislative recommendations to address the 
risks posed by the use of artificial intelligence in the 
commission of financial crimes, including fraud and 
the dissemination of misinformation. 
(2) Best practices to assist businesses and gov-
ernment entities in the United States with risk miti-
gation and incident response to address the risks 
posed by the use of artificial intelligence in the com-
mission of financial crimes, including fraud and the 
dissemination of misinformation. 
Æ 
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