Summary

Creates three related actions to bolster consumer protection in digital and product markets: (1) requires the Consumer Product Safety Commission to run an AI pilot to test how artificial intelligence can support product-safety work and report results to Congress; (2) directs the Secretary of Commerce to study how blockchain could protect consumers (including fraud prevention) and publish findings; and (3) directs the Federal Trade Commission to strengthen training and report publicly on enforcement and recommendations related to tokens and blockchain marketplace harms. Each agency must complete studies, pilots, and public reports on specified timelines tied to enactment.

Key Points

• Requires CPSC to run an AI pilot within 1 year to test AI uses in consumer product safety and report results publicly.
• Directs the Secretary of Commerce to complete a public study on blockchain use for consumer protection within 1 year, with a follow-on published report within 6 months.
• Requires the FTC to improve training/resources for token-related enforcement and to publish a report within 1 year describing actions and legislative recommendations.
• Defines key terms including "token" as a transferable digital record on a blockchain or distributed ledger.
• Emphasizes transparency: public comment periods, published reports, and reporting to Congress.
• Does not appropriate new funding or create immediate regulatory bans; focuses on study, pilot, capacity-building, and reporting.
• Could lead to future regulatory or legislative proposals based on pilot and study findings.
• Places responsibilities on three federal agencies (CPSC, Commerce/Secretary, FTC) to address AI, blockchain, and token marketplace risks.

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