United States HR 10125: AI Fraud Deterrence Act

Bill Text

I 
118THCONGRESS 
2
DSESSION 
H. R. 10125 
To increase penalties for the commission of financial crimes using artificial 
intelligence. 
IN  THE  HOUSE  OF  REPRESENTATIVES  
NOVEMBER14, 2024 
Mr. L
IEU(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  Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This  Act  may  be  cited  as  the  ‘‘AI  Fraud  Deterrence  4
Act’’. 5
SEC.    2.    FINANCIAL    CRIMES    AND    ARTIFICIAL    INTEL-6
LIGENCE. 7
(a)  M
AILFRAUD.—Section  1341  of  title  18,  United  8
States Code, is amended— 9
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(1)   by   striking   ‘‘$1,000,000’’   and   inserting   1
‘‘$2,000,000’’; and 2
(2)  by  inserting  after  the  period  at  the  end  the  3
following:  ‘‘If  the  violation  is  committed  with  the  as-4
sistance of artificial intelligence, such person shall be 5
fined  not  more  than  $1,000,000  or  imprisoned  not  6
more than 20 years, or both.’’. 7
(b)  W
IREFRAUD.—Section  1343  of  title  18,  United  8
States Code, is amended— 9
(1)   by   striking   ‘‘$1,000,000’’   and   inserting   10
‘‘$2,000,000’’; and 11
(2)  by  inserting  after  the  period  at  the  end  the  12
following:  ‘‘If  the  violation  is  committed  with  the  as-13
sistance of artificial intelligence, such person shall be 14
fined  not  more  than  $1,000,000  or  imprisoned  not  15
more than 20 years, or both.’’. 16
(c)  B
ANKFRAUD.—Section  1344  of  title  18,  United  17
States Code, is amended— 18
(1)  by  striking  ‘‘Whoever  knowingly’’  and  in-19
serting the following: 20
‘‘(a) I
NGENERAL.—Whoever knowingly’’; and 21
(2) by adding at the end the following: 22
‘‘(b)  A
RTIFICIALINTELLIGENCE.—Whoever  commits  23
subsection  (a)  with  the  assistance  of  artificial  intelligence  24
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shall  be  fined  not  more  than  $2,000,000  or  imprisoned  1
not more than 30 years, or both.’’. 2
(d) A
RTIFICIALINTELLIGENCEDEFINED.— 3
(1)  I
N   GENERAL.—Section  1346  of  title  18,  4
United States Code, is amended— 5
(A)  by  amending  the  section  heading  to  6
read as follows: ‘‘Definitions’’; 7
(B)  by  striking  ‘‘chapter,  the  term’’  and  8
inserting the following: ‘‘chapter— 9
‘‘(1) the term’’; 10
(C)  by  striking  the  period  at  the  end  and  11
inserting ‘‘; and’’; and 12
(D) by adding at the end the following: 13
‘‘(2)  the  term  ‘artificial  intelligence’  has  the  14
meaning  given  such  term  in  section  5002  of  the  Na-15
tional  Artificial  Intelligence  Initiative  Act  of  2020.’’.  16
(2)  C
LERICAL  AMENDMENT.—The  table  of  sec-17
tions  for  chapter  63  of  title  18,  United  States  Code,  18
is  amended  by  striking  the  item  relating  to  section  19
1346 and inserting the following: 20
‘‘1346. Definitions.’’. 
(e)  MONEYLAUNDERING.—Section  1956  of  title  18,  21
United States Code, is amended— 22
(1) in subsection (a)— 23
(A)  in  the  continuation  text  following  para-24
graph  (1)(B)(ii),  by  inserting  after  ‘‘or  both’’  25
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the  following:  ‘‘,  or,  in  the  case  that  such  viola-1
tion  is  committed  with  the  assistance  of  artifi-2
cial  intelligence,  shall  be  fined  not  more  than  3
$1,000,000  or  thrice  the  value  of  the  monetary  4
instrument  or  funds  involved  in  the  transaction,  5
whichever   is   greater,   or   imprisoned   for   not   6
more than 20 years, or both’’; 7
(B) in the continuation text following para-8
graph  (2)(B)(ii),  by  inserting  after  ‘‘or  both’’  9
the  following:  ‘‘,  or,  in  the  case  that  such  viola-10
tion  is  committed  with  the  assistance  of  artifi-11
cial  intelligence,  shall  be  fined  not  more  than  12
$1,000,000  or  thrice  the  value  of  the  monetary  13
instrument  or  funds  involved  in  the  transpor-14
tation,  transmission,  or  transfer,  whichever  is  15
greater,  or  imprisoned  for  not  more  than  20  16
years, or both’’; and 17
(C)  in  the  continuation  text  following  para-18
graph  (3)(C),  by  inserting  after  ‘‘or  both’’  the  19
following:  ‘‘,  or,  in  the  case  that  such  violation  20
is  committed  with  the  assistance  of  artificial  in-21
telligence,  shall  be  fined  under  this  title,