The bill titled H.R. 10125, known as the “AI Fraud Deterrence Act,” proposes to increase penalties for financial crimes committed with the help of artificial intelligence. It amends sections of Title 18 of the United States Code related to mail fraud, wire fraud, bank fraud,...
Simple Explanation
The bill wants to give bigger punishments to people who use computers with smart brains, like robots, to do bad things with money, hoping this will make them stop using these smart computers for such tricks.