Janice Schakowsky: “I also would like to thank the authors of this legislation, Representatives McNerney, Burgess, Soto, Matsui, and…”

“I also would like to thank the authors of this legislation, Representatives McNerney, Burgess, Soto, Matsui, and Davidson. This legislation would direct the Consumer Product Safety Commission to establish a pilot program that uses artificial intelligence technology to protect consumers from unsafe products. {time} 1345 CPSC would have to use AI technology to track trends related to injuries from consumer products, monitor the sale of recalled products, or identify products prohibited from being imported into the United States. In carrying out the pilot program, the agency would have to consult with AI experts, manufacturers, and consumer product safety organizations. CPSC would have to report to Congress on the extent to which AI technologies improved the agency's work after the pilot program has ended. This is exactly the right approach and a good complement to all the consumer protection bills that we are moving today. The measure would also direct the Commerce Department to conduct, in consultation with the Federal Trade Commission, FTC, and other relevant agencies a study on the commercialization and use of blockchain technology that was added to this bill. It would direct the FTC to report on deceptive practices related to digital tokens and provide recommendations to Congress on improving Federal protection of consumers from blockchain-related fraud. Again, I want to thank Chairman Pallone and the sponsors of this legislation.”