Referred to the Committee on Energy and Commerce, and in addition to the Committees on Foreign Affairs, the Judiciary, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
This bill establishes a new Office of the National Fraud and Scam Prevention within the White House, headed by a Senate-confirmed Director who reports directly to the President. The Director would serve as the chief advisor on fraud and scam prevention policy, coordinating efforts across federal agencies including the FBI, Secret Service, Federal Trade Commission, and others to develop national strategy, share information, and respond to major fraud campaigns. The legislation allows the Office to create a data-sharing program where private companies and organizations can voluntarily report scam information without legal liability, and requires the Director to submit annual reports to Congress on fraud threats and the effectiveness of federal prevention efforts. The Office is authorized to hire up to 20 staff members and employ consultants as needed, with the entire office set to expire five years after the bill becomes law unless Congress extends it.
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