This bill establishes the Veteran Scam Victims Foundation, a nonprofit organization designed to protect veterans and their beneficiaries from scams through education and support services. The Foundation will be governed by a Board consisting of the Secretary of Veterans Affairs as chairman, six private citizens appointed by various federal agencies (Commerce, Defense, Justice, Federal Trade Commission, Internal Revenue Service, and Social Security Administration), and up to three additional private citizens appointed by the VA Secretary. The Foundation will accept private donations, gifts, and bequests to fund its anti-scam activities, but explicitly cannot provide direct monetary compensation to scam victims. The Foundation will be tax-exempt, operate as an independent nonprofit corporation under the District of Columbia Nonprofit Corporation Act, and must submit annual reports to Congress detailing its receipts, expenditures, and activities. The bill contains no specific funding authorization or implementation timeline.
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