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HR 1734119th CongressIntroduced
Preventing Deep Fake Scams Act
Introduced: Oct 29, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Preventing Deep Fake Scams Act establishes a Task Force on Artificial Intelligence in the Financial Services Sector to study and report on AI-related risks and best practices.
Key Points
- 1Establishes Task Force on AI in Financial Services Sector
- 2Includes representatives from Treasury, Federal Reserve, FDIC, CFPB, NCUA, FinCEN
- 3Requires report within one year on AI risks, definitions, and best practices
- 4Seeks public feedback and consultation with industry stakeholders
- 5Focuses on deep fakes, voice banking security, and fraud prevention
- 6Task Force terminates 90 days after final report
Impact Areas
Financial institutions and banksConsumer protectionArtificial intelligence regulationCybersecurity and fraud preventionFederal financial regulators
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