[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10125 Introduced in House (IH)]
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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 intelligence, such person shall be fined not more
than $1,000,000 or imprisoned not more than 20 years, or
both.''.
(b) Wire Fraud.--Section 1343 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 intelligence, such person shall be fined not more
than $1,000,000 or imprisoned not more than 20 years, or
both.''.
(c) Bank Fraud.--Section 1344 of title 18, United States Code, is
amended--
(1) by striking ``Whoever knowingly'' and inserting the
following:
``(a) In General.--Whoever knowingly''; and
(2) by adding at the end the following:
``(b) Artificial Intelligence.--Whoever commits subsection (a) with
the assistance of artificial intelligence shall be fined not more than
$2,000,000 or imprisoned not more than 30 years, or both.''.
(d) Artificial Intelligence Defined.--
(1) In general.--Section 1346 of title 18, United States
Code, is amended--
(A) by amending the section heading to read as
follows: ``Definitions'';
(B) by striking ``chapter, the term'' and inserting
the following: ``chapter--
``(1) the term'';
(C) by striking the period at the end and inserting
``; and''; and
(D) by adding at the end the following:
``(2) the term `artificial intelligence' has the meaning
given such term in section 5002 of the National Artificial
Intelligence Initiative Act of 2020.''.
(2) Clerical amendment.--The table of sections for chapter
63 of title 18, United States Code, is amended by striking the
item relating to section 1346 and inserting the following:
``1346. Definitions.''.
(e) Money Laundering.--Section 1956 of title 18, United States
Code, is amended--
(1) in subsection (a)--
(A) in the continuation text following paragraph
(1)(B)(ii), by inserting after ``or both'' the
following: ``, or, in the case that such violation is
committed with the assistance of artificial
intelligence, shall be fined not more than $1,000,000
or thrice the value of the monetary instrument or funds
involved in the transaction, whichever is greater, or
imprisoned for not more than 20 years, or both'';
(B) in the continuation text following paragraph
(2)(B)(ii), by inserting after ``or both'' the
following: ``, or, in the case that such violation is
committed with the assistance of artificial
intelligence, shall be fined not more than $1,000,000
or thrice the value of the monetary instrument or funds
involved in the transportation, transmission, or
transfer, whichever is greater, or imprisoned for not
more than 20 years, or both''; and
(C) in the continuation text following paragraph
(3)(C), by inserting after ``or both'' the following:
``, or, in the case that such violation is committed
with the assistance of artificial intelligence, shall
be fined under this title, or imprisoned for not more
than 20 years, or both''; and
(2) in subsection (c)--
(A) in paragraph (8), by striking ``and'' at the
end;
(B) in paragraph (9), by striking the period and
inserting ``; and''; and
(C) by adding at the end the following:
``(10) the term `artificial intelligence' has the meaning
given such term in section 5002 of the National Artificial
Intelligence Initiative Act of 2020.''.
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