We have received text from S. 2766: Consumer Safety Technology Act. This bill was received on 2025-09-10, and currently has 1 cosponsor.
Here is a short summary of the bill:
The Consumer Safety Technology Act has several key components aimed at improving consumer safety through the use of new technologies, specifically artificial intelligence and blockchain technology. Below are the main objectives of the bill:
Part 1: Artificial Intelligence and Consumer Product Safety
This part of the bill mandates the establishment of a pilot program by the Consumer Product Safety Commission (CPSC) to investigate how artificial intelligence (AI) can aid in its consumer safety mission. The program must be set up within one year of the bill's enactment. The CPSC will use AI for one or more of the following purposes:
- Tracking trends related to injuries caused by consumer products.
- Identifying hazards associated with consumer products.
- Monitoring the marketplace, including online platforms, for the sale of recalled products.
- Identifying consumer products that should be barred from entering the United States.
Furthermore, the CPSC is required to collaborate with various experts, including technologists, data scientists, and industry stakeholders, during this pilot program. They must report their findings to Congress within one year of completing the pilot program, detailing how AI may have improved the Commission’s ability to enhance consumer safety.
Part 2: Blockchain Technology Innovation
This section requires the Secretary of Commerce, in consultation with the Federal Trade Commission (FTC) and other relevant agencies, to conduct a study on the utilization of blockchain technology for consumer protection. The study aims to explore how blockchain can potentially alleviate fraud and other deceptive business practices. Key areas for investigation include:
- Existing and new applications of blockchain for consumer protection.
- Trends in the commercial use of blockchain to combat fraud.
- Best practices for collaboration between public and private sectors using blockchain.
- Benefits and risks associated with blockchain use in consumer protection.
- Possible regulatory changes to encourage blockchain adoption for consumer safety.
After conducting the study, the Secretary will submit a report to Congress, making it publicly available within six months of the study's completion.
Part 3: Token Taxonomy
The final section of the bill establishes the need for a clear understanding and regulation surrounding digital tokens, which are digital representations that can be transferred and are based on blockchain technology. Key provisions include:
- Recognizing the importance of keeping the U.S. at the forefront of innovation involving tokens.
- Acknowledging that tokens provide greater choice and convenience to consumers.
- Establishing responsibilities for the FTC to safeguard consumers from unfair practices related to tokens.
- Requiring the FTC to report on any actions taken to address deceptive practices in token transactions within one year of the bill's enactment.
This section emphasizes the need for the FTC to hone its staff's expertise in identifying and pursuing deceptive practices in the evolving token marketplace.
Relevant Companies
- AMZN - Amazon: As a major player in online retail, Amazon may be affected by the CPSC’s monitoring effort for recalled products sold on its platform.
- GOOGL - Alphabet Inc.: Google may be impacted through AI developments, particularly if they contribute to consumer safety initiatives.
- AAPL - Apple: Apple may need to adapt its product safety and compliance systems in response to enhanced oversight by the CPSC using AI tools.
Senator John R. Curtis Bill Proposals
Here are some bills which have recently been proposed by Senator John R. Curtis:
- S.2766: Consumer Safety Technology Act
- S.2661: A bill to allow for the use of risk-based inspections for in-service breakout tanks.
- S.2660: Modern Risk Detection Act of 2025
- S.2417: Star-Spangled Summit Act of 2025
- S.2222: Taiwan Undersea Cable Resilience Initiative Act
- S.1760: Restoring WIFIA Eligibility Act of 2025
You can track bills proposed by Senator John R. Curtis on Quiver Quantitative's politician page for Curtis.
Senator John R. Curtis Net Worth
Quiver Quantitative estimates that Senator John R. Curtis is worth $18.0M, as of September 19th, 2025. This is the 72nd highest net worth in Congress, per our live estimates.
Curtis has approximately $3.4M invested in publicly traded assets which Quiver is able to track live.
You can track Senator John R. Curtis's net worth on Quiver Quantitative's politician page for Curtis.
Senator John R. Curtis Stock Trading
We have data on up to $5.8M of trades from Senator John R. Curtis, which we parsed from STOCK Act filings. Some of the largest trades include:
- A March 27th, 2020 sale of up to $100K of $BRK.B. The stock has risen 173.02% since then.
- A November 21st, 2019 sale of up to $100K of $BRK.A. The stock has risen 126.53% since then.
- A March 27th, 2020 purchase of up to $50K of $MSFT. The stock has risen 239.65% since then.
- A March 27th, 2020 purchase of up to $50K of $AMZN. The stock has risen 143.39% since then.
- A March 27th, 2020 purchase of up to $50K of $GOOGL. The stock has risen 354.0% since then.
You can track Senator John R. Curtis's stock trading on Quiver Quantitative's politician page for Curtis.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
