Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of H.R. 3723, the Consumer Safety Technology Act. I thank Representatives Burgess, McNerney, Guthrie, Soto, and Davidson for their leadership on this effort and, of course, our chairman and our ranking member, and our ranking member on the subcommittee, as well as the chairman of the subcommittee. Mr. Speaker, the bipartisan bill directs the Consumer Product Safety Commission to conduct a pilot program to determine how artificial intelligence may be used to advance the agency's product safety mission. Given the agency's broad jurisdiction over so many consumer products, efficiently and accurately analyzing data in the marketplace is critical to its effective operation. This bill also includes an important study of how blockchain technology may be used to prevent fraud, increase privacy, and bolster our Nation's supply chain. This is complementary to the American COMPETE Act that also prioritizes this emerging technology to ensure America leads in the technology and in its development. Furthermore, H.R. 3723 also focuses on digital tokens, which are seeing increased adoption by consumers. The bill targets ways in which we can protect consumers from fraud in the digital token marketplace, a dangerous trend that has recently become more apparent. Mr.…”