YourVoice.Now Summary
Transparency & AccountabilityCreates a federal task force to study AI voice and video scams on bank accounts — report due in a year
Transparency & Accountability
A task force of Treasury and bank regulators would ask the public for feedback within 90 days. It would then send Congress a report within a year on AI fraud risks, ways to protect customers, and ideas for new laws.
More about this bill
Most people would see no change in daily life right away. A new federal task force would study how scammers use AI to break into bank and credit union accounts. One example is a "deep fake," a fake copy of your voice or face. Scammers can build one from videos you post online. Some banks let you sign in by voice, which a fake voice could fool. The Treasury Secretary would lead the group. Members would include the heads of the main bank regulators, the Consumer Financial Protection Bureau, and the Treasury's financial-crimes office. Within 90 days, the task force would ask the public for comments. It would also talk with banks, credit unions, AI vendors, and AI experts. Within one year, it would send Congress a report. The report would list ways banks can protect customers from AI fraud. It would also suggest new laws and rules. The task force would end 90 days after the report.
Congressional Summary
Preventing Deep Fake Scams Act This bill establishes the Task Force on Artificial Intelligence in the Financial Services Sector. Members include representatives from the Department of the Treasury, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the National Credit Union Administration. The task force must report on (1) how banks and credit unions prevent fraud that utilizes artificial intelligence, (2) best practices for financial institutions to protect their customers, and (3) related legislative and regulatory recommendations.
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2025-02-27
- Date Added
- 2026-10-07
- Source
- Congress.gov →
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