1. Short title This Act may be cited as the Preventing Deep Fake Scams Act . 2. Findings The Congress finds the following: (1) Artificial intelligence is being used in new and innovative ways by the financial services sector. (2) Artificial intelligence may provide benefits to banks, credit unions, and banking consumers. (3) Artificial intelligence poses unique threats to the safety and security of customer accounts. (4) Voice banking is offered by many banks for security and convenience reasons. (5) The popularity of social media has made video and audio of potential targets easier to obtain for bad actors. These materials can be exploited to replicate the voices and appearances of other people in pursuit of data theft, identity theft, or fraud. (6) Bad actors could utilize deep fakes , including voice and audio manipulation, to compromise and access a consumer’s financial accounts. 3. Task Force on Artificial Intelligence in the Financial Services Sector (a) Establishment There is established a Task Force on Artificial Intelligence in the Financial Services Sector (in this section referred to as the Task Force ). (b) Membership The Task Force shall consist of the following: (1) The Secretary of the Treasury, or a designee, who shall serve as Chair of the Task Force. (2) The Comptroller of the Currency, or a designee. (3) The Chairman of the Board of Governors of the Federal Reserve System, or a designee. (4) The Chairperson of the Federal Deposit Insurance Corporation, or a designee. (5) The Director of the Bureau of Consumer Financial Protection, or a designee. (6) The Chairman of the National Credit Union Administration, or a designee. (7) The Director of the Financial Crimes Enforcement Network, or a designee. (c) Report (1) In general Not later than the end of the 1-year period beginning on the date of enactment of this Act, the Task Force shall issue a report to Congress containing the contents described in paragraph (3). (2) Consultation (A) Request for Information Not later than 90 days after the date