Bills · S 2117
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2117Finance and Financial Sector
Preventing Deep Fake Scams Act
INTRO JUN 18· LAST ACTION JUN 18
READING
4MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it directly addresses the growing threat of sophisticated online scams, particularly those using artificial intelligence to mimic voices or appearances—known as "deep fakes." As more of our financial interactions move online and rely on digital identification, the potential for criminals to exploit AI to steal money or identities becomes a serious concern. If this bill becomes law, it could lead to clearer guidelines, better security measures, and potentially new protections that make it harder for scammers to access people's bank accounts using AI.
If this bill doesn't become law, the financial sector might continue to address these evolving AI threats in a less coordinated way, potentially leaving gaps that criminals could exploit. This bill is an effort to proactively understand and counter these new digital dangers, ensuring that consumer financial safety keeps pace with rapid technological advancements.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes a Task Force made up of top government financial regulators.
Brings together key experts to focus specifically on AI risks in finance.
PROVISION 02
Requires the Task Force to submit a comprehensive report to Congress within one year.
Provides a structured way to gather information and propose solutions to lawmakers.
PROVISION 03
Mandates public and expert consultation before the report is finalized.
Ensures a wide range of perspectives, including industry and consumer concerns, are considered.
PROVISION 04
The report must include standard AI definitions, potential risks of AI misuse by criminals, best practices for financial institutions, and legislative/regulatory recommendations.
Creates a shared understanding and actionable steps for improving financial security against AI threats.
SPONSORSHIP
1 + 1
R· Ohio
YRS IN OFFICE
1
BILLS LED
55
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSJUN 18
Introduced in Senate
JUN 18
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 2117
Congress119th
StatusIn Committee
IntroducedJun 18, 2025
Last actionJun 18, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED JUN 18, 2025
Senate BillS 2117Finance and Financial Sector
Preventing Deep Fake Scams Act
INTRODUCED JUN 18, 2025· LAST ACTION JUN 18, 2025
PASSAGE CHANCES
—%
READING
4 min
COSPONSORS
1
COMPLEXITY
Moderate
