AI Fraud Deterrence Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 10125 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 10125 To increase penalties for the commission of financial crimes using artificial intelligence. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES November 14, 2024 Mr. Lieu (for himself and Mr. Kiley) introduced the following bill; which was referred to the Committee on the Judiciary _______________________________________________________________________ A BILL To increase penalties for the commission of financial crimes using artificial intelligence. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``AI Fraud Deterrence Act''. SEC. 2. FINANCIAL CRIMES AND ARTIFICIAL INTELLIGENCE. (a) Mail Fraud.--Section 1341 of title 18, United States Code, is amended-- (1) by striking ``$1,000,000'' and inserting ``$2,000,000''; and (2) by inserting after the period at the end the following: ``If the violation is committed with the assistance of artificial intellige…