H.R. 1734 explained · 119th Congress · Pending in Congress
Preventing Deep Fake Scams Act
Cosponsors: 11 (4 D, 7 R) · per Congress.gov, 2026-10-12
Introduced: 2025-02-27
Latest action (2025-02-27): Referred to the House Committee on Financial Services.
What H.R. 1734 does, in plain terms
Preventing Deep Fake Scams Act This bill establishes the Task Force on Artificial Intelligence in the Financial Services Sector. Members include representatives from the Department of the Treasury, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the National Credit Union Administration. The task force must report on (1) how banks and credit unions prevent fraud that utilizes artificial intelligence, (2) best practices for financial institutions to protect their customers, and (3) related legislative and regulatory recommendations.
Official summary by the Congressional Research Service, via Congress.gov.
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