Senate Passes Scam Compound Accountability and Mobilization Act to Combat Overseas Fraud and Trafficking
Stalled
No legislative action in over 90 days.
How this policy affects specific groups of people
Held at the desk.
Received in the House.
The House has received the Senate-passed bill and will decide whether to take it up.
Message on Senate action sent to the House.
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S8533-8535; text: CR S8533--8535)
The Senate voted to approve this bill. If the House already passed it, it goes to the President.
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
The Senate voted to approve this bill. If the House already passed it, it goes to the President.
No votes have been recorded for this legislation yet.
Meta announced support for several bipartisan bills, including the Scam Compound Accountability and Mobilization Act. These legislative initiatives target transnational criminal organizations behind scam operations while providing support for American victims of fraud.
This episode discusses the implications of the SCAM Act for the banking industry and digital platforms. The act's focus on dismantling foreign scam compounds and imposing financial sanctions is viewed as a critical step in reducing the $14 billion lost annually to cyber-enabled fraud.
Document Type
Congressional Bill
Official Title
Scam Compound Accountability and Mobilization Act
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