A BILL 
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 digital tokens, respectively. 
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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 relating 
to tokens. 
SEC. 2. DEFINITIONS. 
In this Act— 
(1) the term ‘‘consumer product’’ has the mean-
ing given such term in section 3(a) of the Consumer 
Product Safety Act (15 U.S.C. 2052(a)); 
(2) the term ‘‘Secretary’’ means the Secretary of 
Commerce; and 
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(3) the term ‘‘token’’ means a transferrable, dig-
ital 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 Prod-
uct 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 Product 
Safety Commission shall establish a pilot program to ex-
plore 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 program 
established under subsection (a), the Commission shall do 
the following: 
(1) Use artificial intelligence for at least 1 of the 
following purposes: 
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(A) Tracking trends with respect to injuries 
involving consumer products. 
(B) Identifying consumer product hazards. 
(C) Monitoring the retail marketplace (in-
cluding internet websites) for the sale of recalled 
consumer products (including both new and used 
products). 
(D) Identifying consumer products required 
by section 17(a) of the Consumer Product Safety 
Act (15 U.S.C. 2066(a)) to be refused admission 
into the customs territory of the United States. 
(2) Consistent with section 6 of the Consumer 
Product Safety Act (15 U.S.C. 2055), consult with the 
following: 
(A) Technologists, data scientists, and ex-
perts in artificial intelligence and machine 
learning. 
(B) Cybersecurity experts. 
(C) Members of the retail industry. 
(D) Consumer product manufacturers. 
(E) Consumer product safety organizations. 
(F) Any other person the Commission con-
siders appropriate. 
(c) REPORT TO CONGRESS.—Not later than 1 year 
after the conclusion of the pilot program established under 
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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 Com-
merce, Science, and Transportation of the Senate, and make 
publicly available on the website of the Commission, a re-
port on the findings and data derived from such program, 
including the extent to which the use of artificial intel-
ligence improved the ability of the Commission to advance 
the consumer product safety mission of the Commission. 
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 Federal 
Trade Commission and any other Federal agency the 
Secretary determines appropriate, shall complete a 
study on the possible uses of blockchain technology for 
consumer protection purposes, including preventing 
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or mitigating fraud and other unfair or deceptive acts 
or practices. 
(2) REQUIREMENTS FOR STUDY.—In conducting 
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 in-
vestment 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); 
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(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 de-
scribed in subparagraph (A); and 
(F) any other relevant observations or rec-
ommendations related to the use of blockchain 
technology for consumer protection purposes, in-
cluding preventing or mitigating fraud and 
other unfair or deceptive acts or practices as de-
scribed in subparagraph (A). 
(3) PUBLIC COMMENT.—In conducting the study 
required by paragraph (1), the Secretary shall pro-
vide opportunity for public comment and advice rel-
evant to conducting the study. 
(b) REPORT TO CONGRESS.—Not later than 6 months 
after the completion of the study required by subsection 
(a)(1), the Secretary shall submit to the Committee on En-
ergy 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 Department of Commerce, a report that contains the 
results of such study. 
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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 driving 
innovation and providing consumers with increased 
choice and convenience; 
(3) the use of tokens and blockchain technology 
is likely to increase in the future; 
(4) the Federal Trade Commission is responsible 
for protecting consumers from unfair or deceptive 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 enforce 
against unfair or deceptive acts or practices involving 
tokens, the Commission should ensure staff have ap-
propriate training and resources to identify and pur-
sue such cases. 
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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 publicly avail-
able 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 Com-
mission and other relevant Federal agencies to further 
protect consumers from unfair or deceptive acts or 
practices in the token marketplace. 
Amend the title so as to read: ‘‘A bill to direct the 
Consumer Product Safety Commission to establish a pilot 
program to explore the use of artificial intelligence in 
support of the mission of the Commission and to direct 
the Secretary of Commerce and the Federal Trade Com-
mission to study and report on the use of blockchain 
technology and tokens, respectively.’’. 
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Union Calendar No. 414 
118TH CONGRESS 
2D SESSION 
H. R. 4814 
[Report No. 118–498] 
A BILL 
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 digital tokens, respec-
tively. 
MAY 10, 2024 
Reported with amendments, committed to the Committee 
of the Whole House on the State of the Union, and or-
dered to be printed 
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