This bill directs the Federal Trade Commission (FTC), working with the Department of Justice (DOJ), to create an interagency task force to address scams. The task force must include representatives from many agencies, such as the Department of Homeland Security (including the Secret Service), DOJ (including the FBI), State, Treasury, Veterans Affairs, FCC, SEC, Social Security Administration, and the U.S. Postal Service. The task force must develop and carry out a national strategy that uses existing complaint networks (the FTC’s Consumer Sentinel Network and the FBI’s Internet Crime Complaint Center), public education, coordination with industry and online platforms, enforcement using existing authorities (for example, on money laundering, human trafficking, and fraud), international cooperation, and plans to lower systemic financial risk and improve recovery help for victims. The task force must consult with consumer groups, many industry sectors (banking, consumer-facing generative AI apps, cryptocurrency, dating apps, peer-to-peer payments, search engines, social media, communications equipment makers, and communications providers), state attorneys general, state securities commissions, and local law enforcement. The task force must send a public report to Congress within one year and will end 10 years after the law takes effect.
If this becomes law, a federal group of many agencies will coordinate work to prevent scams and help victims. The group will use complaint databases, talk with companies and consumer groups, and plan education and enforcement steps. There is no text in the bill that directly changes individual rights or creates new taxes or specific new penalties. No publicly available information on immediate changes to services or requirements for individuals or companies beyond the coordination and reporting described.
No publicly available information on costs, funding, or new appropriations in the bill text.
The bill’s sponsors asked the FTC and DOJ to lead a joined effort to better prevent scams and help victims. The bill centers on making a national strategy, using existing complaint systems, coordinating with industry and international partners, and improving victim recovery resources. The sponsors named in the bill metadata support these goals by proposing the task force and its duties.
No publicly available information on objections, opposition, or alternative proposals in the bill text or provided metadata.