Veteran Scam Victims Foundation Act
Veteran Scam Victims Foundation: New Nonprofit to Fight Fraud
This bill is currently in the early stages of the legislative process after being sent to the House Committee on Veterans Affairs. It is actively moving forward as it awaits review by committee members. There are no upcoming votes or hearings scheduled at this time.
Legislative Progress
While protecting veterans is a popular goal, most new bills struggle to get through the long committee process and onto the House floor for a vote.
Key Points
- This bill creates a new nonprofit group called the Veteran Scam Victims Foundation. Its main job is to protect veterans and their families from being cheated by scammers. It will use private donations to teach veterans how to spot fraud and help those who have already been targeted.
- Veterans and their families are the main focus. The foundation will work with the Department of Veterans Affairs to make sure its programs match what veterans need. It will be run by a board that includes the Secretary of Veterans Affairs and experts appointed by other government agencies like the FTC and the Department of Justice.
- The foundation will not use taxpayer money for its main work. Instead, it will collect gifts and donations from people and businesses. While it is a nonprofit and does not pay taxes, it can choose to give money to local governments to help cover the costs of public services.
- One important rule is that the foundation cannot give money directly to veterans to pay them back for what they lost to a scammer. Its goal is to provide education and support services rather than acting as an insurance fund or a direct repayment program.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the House Committee on Veterans' Affairs.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Veteran Scam Victims Foundation Act
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.