Consumer Safety Technology Act

The Consumer Safety Technology Act would advance the use of advanced technologies to promote consumer safety and protection. It creates three parallel tracks: - An AI for Consumer Product Safety Act section requiring the Consumer Product Safety Commission (CPSC) to establish a one-year pilot program using artificial intelligence to aid consumer product safety work—such as tracking injury trends, identifying hazards, monitoring online marketplaces for recalled products, and flagging products that should be refused entry at U.S. borders. The program must involve broad expert consultation and result in a public report with findings. - A Blockchain Innovation Act section requiring the Secretary of Commerce (with the FTC and other agencies) to study how blockchain technology could be used to protect consumers from fraud and deceptive practices, including public-private partnerships, risks and benefits, and regulatory adjustments. A public comment opportunity is required, with a final report to Congress and the public. - A Digital Taxonomy Act section (Token Taxonomy) establishing findings about the role and growth of tokens and blockchain in consumer protection, directing the FTC to produce a one-year report on past and current enforcement actions related to tokens, other preventive efforts, and legislative recommendations to bolster protection. In short, the bill aims to experiment with AI in safety enforcement, study blockchain-based consumer protections, and assess how tokens should be regulated to curb unfair or deceptive practices.