AI PLAN Act

The Artificial Intelligence Practices, Logistics, Actions, and Necessities Act, or the AI PLAN Act , addresses the significant national and economic security risks posed by adversarial actors using artificial intelligence in financial crimes. It establishes a requirement for a comprehensive strategy to defend against these threats, which include fraud and the dissemination of misinformation. Specifically, the bill mandates that the Secretaries of the Treasury, Homeland Security, and Commerce jointly submit an annual report to Congress. This report, due within 180 days of enactment and annually thereafter, must describe interagency policies and procedures to protect U.S. financial markets, persons, businesses, and global supply chains. It also requires itemized lists of both readily available and needed resources, including hardware, software, technologies, personnel, and budgetary estimates, to combat AI-driven financial crimes. The strategy and reports must consider specific risks such as deepfakes , voice cloning , foreign election interference, synthetic identities, and market-disrupting false signals. These reports are to be developed in consultation with various key officials, including the Attorney General, the Chairman of the Federal Reserve, and the Chairman of the Securities and Exchange Commission. Furthermore, 90 days after each report, the Secretaries must provide Congress with legislative recommendations and best practices for risk mitigation and incident response for both American businesses and government entities.