Requires the Treasury, Homeland Security, and Commerce Departments to report to Congress each year on how federal agencies and private companies are defending against criminals who use artificial intelligence to commit financial crimes, and to follow up with recommendations.

• Requires an initial report within 180 days of enactment and annual reports after that, with a classified annex and an optional public summary that omits sensitive information.
• Directs the reports to cover policies, public-private partnerships, and resources and budget estimates for fighting AI-enabled fraud, with attention to risks such as deepfakes, voice cloning, synthetic identities, and digital scams.
• Requires the same three secretaries to submit legislative and best-practice recommendations to Congress within 90 days after each report.
• Requires consultation with the Attorney General and the heads of several financial, technology, and trade regulators, including the Federal Reserve, SEC, FTC, and FCC.

• Financial Services Committee (House)

Finance and Financial Sector