The Consumer Safety Technology Act directs federal agencies to explore new technologies for protecting consumers. It requires the Consumer Product Safety Commission to launch a pilot program using artificial intelligence within one year to track product safety trends, identify hazards, monitor for recalled products, and detect items that should be blocked at customs, with a report to Congress due within a year after the program concludes. The bill also directs the Secretary of Commerce to study blockchain technology's potential to prevent consumer fraud and unfair practices, examining current uses, best practices, regulatory changes needed, and risks—requiring a report to Congress within six months of completing the study. Finally, it asks the Federal Trade Commission to report within one year on its actions against deceptive practices involving digital tokens and provide recommendations for strengthening enforcement in this emerging market. No specific funding is appropriated in the bill; the work relies on existing agency resources and authority.
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