Bill > S2950

This bill, known as the Scam Compound Accountability and Mobilization Act, addresses the growing threat of international cyber-enabled fraud, particularly from scam compounds in Southeast Asia, which the FBI reports caused $13.7 billion in losses in 2024. The bill requires the Secretary of State to develop a comprehensive global strategy to counter these scam compounds, which are often operated by transnational criminal organizations with alleged connections to China and involved in human trafficking and forced criminality. The strategy will involve identifying enabling and impacted countries, preventing recruitment fraud, supporting trafficking survivors, enhancing law enforcement coordination, and implementing sanctions against organizations and facilitators. The bill establishes an interagency task force to coordinate implementation, monitor scam compound operations, and conduct annual reviews, with the task force set to operate for six years. Additionally, the bill authorizes the President to impose sanctions on foreign persons or entities materially supporting or involved in scam compound operations, including blocking financial transactions and property. The legislation also requires the Attorney General to assess existing forfeiture laws and recommend mechanisms for providing financial redress to victims of these scam operations. The bill will expire seven years after its enactment, reflecting its targeted approach to addressing this specific international criminal challenge.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2950/all-info