118TH CONGRESS 
2D SESSION 
H. R. 4814 
AN ACT 
To direct the Consumer Product Safety Commission to estab-
lish a pilot program to explore the use of artificial intel-
ligence in support of the mission of the Commission 
and to direct the Secretary of Commerce and the Federal 
Trade Commission to study and report on the use of 
blockchain technology and tokens, respectively.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Consumer Safety Technology Act’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Definitions. 
TITLE I—ARTIFICIAL INTELLIGENCE AND CONSUMER PRODUCT 
SAFETY 
Sec. 101. Short title. 
Sec. 102. Pilot program for use of artificial intelligence by Consumer Product 
Safety Commission. 
TITLE II—BLOCKCHAIN TECHNOLOGY INNOVATION 
Sec. 201. Short title. 
Sec. 202. Study on blockchain technology and its use in consumer protection. 
TITLE III—TOKEN TAXONOMY 
Sec. 301. Short title. 
Sec. 302. Findings. 
Sec. 303. Report on unfair or deceptive acts or practices in transactions relat-
ing to tokens. 
SEC. 2. DEFINITIONS. 
In this Act— 
(1) the term ‘‘consumer product’’ has the 
meaning given such term in section 3(a) of the Con-
sumer Product Safety Act (15 U.S.C. 2052(a)); 
(2) the term ‘‘Secretary’’ means the Secretary 
of Commerce; and
(3) the term ‘‘token’’ means a transferrable, 
digital representation of information recorded on a 
blockchain or other distributed ledger technology. 
TITLE 
I—ARTIFICIAL 
INTEL-
LIGENCE 
AND 
CONSUMER 
PRODUCT SAFETY 
SEC. 101. SHORT TITLE. 
This title may be cited as the ‘‘AI for Consumer 
Product Safety Act’’. 
SEC. 102. PILOT PROGRAM FOR USE OF ARTIFICIAL INTEL-
LIGENCE BY CONSUMER PRODUCT SAFETY 
COMMISSION. 
(a) ESTABLISHMENT.—Not later than 1 year after 
the date of the enactment of this Act, the Consumer Prod-
uct Safety Commission shall establish a pilot program to 
explore the use of artificial intelligence by the Commission 
in support of the consumer product safety mission of the 
Commission, as described in section 2(b) of the Consumer 
Product Safety Act (15 U.S.C. 2051(b)). 
(b) REQUIREMENTS.—In conducting the pilot pro-
gram established under subsection (a), the Commission 
shall do the following: 
(1) Use artificial intelligence for at least 1 of 
the following purposes:
(c) REPORT TO CONGRESS.—Not later than 1 year 
after the conclusion of the pilot program established under 
subsection (a), the Consumer Product Safety Commission 
shall submit to the Committee on Energy and Commerce 
of the House of Representatives and the Committee on 
Commerce, Science, and Transportation of the Senate, 
and make publicly available on the website of the Commis-
sion, a report on the findings and data derived from such 
program, including the extent to which the use of artificial 
intelligence improved the ability of the Commission to ad-
vance the consumer product safety mission of the Commis-
sion. 
TITLE II—BLOCKCHAIN 
TECHNOLOGY INNOVATION 
SEC. 201. SHORT TITLE. 
This title may be cited as the ‘‘Blockchain Innovation 
Act’’. 
SEC. 202. STUDY ON BLOCKCHAIN TECHNOLOGY AND ITS 
USE IN CONSUMER PROTECTION. 
(a) IN GENERAL.— 
(1) STUDY REQUIRED.—Not later than 1 year 
after the date of the enactment of this Act, the Sec-
retary of Commerce, in consultation with the Fed-
eral Trade Commission and any other Federal agen-
cy the Secretary determines appropriate, shall com-
plete a study on the possible uses of blockchain tech-
nology for consumer protection purposes, including 
preventing or mitigating fraud and other unfair or 
deceptive acts or practices. 
(2) REQUIREMENTS
FOR
STUDY.—In con-
ducting the study required by paragraph (1), the 
Secretary shall examine— 
(A) 
existing 
and 
emerging 
uses 
of 
blockchain technology that could help protect 
consumers, including by preventing or miti-
gating fraud and other unfair or deceptive acts 
or practices within the meaning of section 5 of 
the Federal Trade Commission Act (15 U.S.C. 
45); 
(B) trends in the commercial use of and 
investment in blockchain technology to prevent 
or mitigate fraud and other unfair or deceptive 
acts or practices as described in subparagraph 
(A); 
(C) best practices in facilitating public-pri-
vate partnerships in blockchain technology to 
prevent or mitigate fraud and other unfair or 
deceptive acts or practices as described in sub-
paragraph (A);
(D) potential benefits and risks related to 
the use of blockchain technology to prevent or 
mitigate fraud and other unfair or deceptive 
acts or practices as described in subparagraph 
(A); 
(E) possible modifications to Federal regu-
lations that could encourage the use of 
blockchain technology to prevent or mitigate 
fraud and other unfair or deceptive acts or 
practices as described in subparagraph (A); and 
(F) any other relevant observations or rec-
ommendations related to the use of blockchain 
technology for consumer protection purposes, 
including preventing or mitigating fraud and 
other unfair or deceptive acts or practices as 
described in subparagraph (A). 
(3) PUBLIC
COMMENT.—In conducting the 
study required by paragraph (1), the Secretary shall 
provide opportunity for public comment and advice 
relevant to conducting the study. 
(b) REPORT
TO
CONGRESS.—Not later than 6 
months after the completion of the study required by sub-
section (a)(1), the Secretary shall submit to the Com-
mittee on Energy and Commerce of the House of Rep-
resentatives and the Committee on Commerce, Science,
and Transportation of the Senate, and make publicly 
available on the website of the Department of Commerce, 
a report that contains the results of such study. 
TITLE III—TOKEN TAXONOMY 
SEC. 301. SHORT TITLE. 
This title may be cited as the ‘‘Digital Taxonomy 
Act’’. 
SEC. 302. FINDINGS. 
Congress finds that— 
(1) it is important that the United States re-
mains a leader in innovation; 
(2) tokens and blockchain technology are driv-
ing innovation and providing consumers with in-
creased choice and convenience; 
(3) the use of tokens and blockchain technology 
is likely to increase in the future; 
(4) the Federal Trade Commission is respon-
sible for protecting consumers from unfair or decep-
tive acts or practices, including relating to tokens; 
(5) the Commission has previously taken action 
against unscrupulous companies and individuals that 
committed unfair or deceptive acts or practices in-
volving tokens; and 
(6) to bolster the Commission’s ability to en-
force against unfair or deceptive acts or practices in-
volving tokens, the Commission should ensure staff 
have appropriate training and resources to identify 
and pursue such cases. 
SEC. 303. REPORT ON UNFAIR OR DECEPTIVE ACTS OR 
PRACTICES IN TRANSACTIONS RELATING TO 
TOKENS. 
Not later than 1 year after the date of the enactment 
of this Act, the Federal Trade Commission shall submit 
to the Committee on Energy and Commerce of the House 
of Representatives and the Committee on Commerce, 
Science, and Transportation of the Senate, and make pub-
licly available on the website of the Commission, a report 
on— 
(1) any actions taken by the Commission relat-
ing to unfair or deceptive acts or practices in trans-
actions relating to tokens; 
(2) any other efforts of the Commission to pre-
vent unfair or deceptive acts or practices relating to 
tokens; and 
(3) any recommendations by the Commission 
for legislation that would improve the ability of the 
Commission and other relevant Federal agencies to
further protect consumers from unfair or deceptive 
acts or practices in the token marketplace. 
Passed the House of Representatives May 14, 2024. 
Attest: 
Clerk.
118TH CONGRESS 
2D SESSION 
H. R. 4814 
AN ACT 
To direct the Consumer Product Safety Commis-
sion to establish a pilot program to explore the 
use of artificial intelligence in support of the mis-
sion of the Commission and to direct the Sec-
retary of Commerce and the Federal Trade Com-
mission to study and report on the use of 
blockchain technology and tokens, respectively.