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US HR2610

US HR2610
Fraud and Scam Reduction Act

summary

Introduced
05/09/2019
In Committee
09/09/2020
Crossed Over
11/18/2020
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Fraud and Scam Reduction Act Fraud and Scam Reduction Act This bill expands activities to address mail, telephone, and internet fraud, particularly such scams targeting older adults, Indian tribes, or tribal members. The bill establishes a Senior Scams Prevention Advisory Group, which must create model educational materials to educate employees of retailers, financial-services companies, and wire-transfer companies on how to identify and prevent scams that affect older adults. Further, the Federal Trade Commission (FTC) must establish an advisory office in the Bureau of Consumer Protection to assist the FTC in monitoring scams targeting older adults, educating consumers, and receiving complaints. The FTC also must report not later than 30 days after enactment of this bill on scams targeting older adults and provide policy recommendations to prevent such scams, including scams related to future national emergencies. The FTC must make available on its website information related to scams targeting older adults and coordinate with media outlets and law enforcement to disseminate such information. Additionally, the FTC must report on, and make publicly available, information about unfair or deceptive acts or practices targeting Indian tribes or tribal members, including efforts to prevent such practices and pursue those who use them. Finally, the FTC must report on efforts to collaborate with state attorneys general to prevent, publicize, and penalize fraud and scams against individuals, including the roles of relevant stakeholders, mechanisms for cooperation, and appropriate resource allocation.

AI Summary

This bill, the Fraud and Scam Reduction Act, expands efforts to address mail, telephone, and internet fraud, particularly scams targeting older adults, Indian tribes, or tribal members. The key provisions include: 1. Establishing a Senior Scams Prevention Advisory Group to create model educational materials for retailers, financial-services companies, and wire-transfer companies on identifying and preventing scams affecting older adults. 2. Requiring the Federal Trade Commission (FTC) to establish an advisory office in the Bureau of Consumer Protection to assist in monitoring, educating, and receiving complaints about scams targeting older adults, as well as report on and make publicly available information about unfair or deceptive acts or practices targeting Indian tribes or tribal members. 3. Directing the FTC to report on scams targeting older adults, provide policy recommendations to prevent such scams, and collaborate with state attorneys general to prevent, publicize, and penalize fraud and scams against individuals. The bill aims to enhance efforts to address various types of fraud and scams, particularly those targeting vulnerable populations like older adults and tribal members.

Committee Categories

Business and Industry, Transportation and Infrastructure

Sponsors (35)

Last Action

Message on Senate action sent to the House. (on 12/18/2020)
(2 Companion Bills)

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