Bills · S 2019
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2019Finance and Financial Sector
TRAPS Act
INTRO JUN 10· LAST ACTION JUN 10
READING
6MIN
COSPONSORS
11BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenPayment scams are a significant and growing problem, costing Americans billions of dollars each year and causing immense stress for victims. This bill matters because it creates a dedicated, cross-sector effort to understand and combat these scams more effectively. Currently, efforts to fight scams can be fragmented across different agencies and industries.
If this bill becomes law, it could lead to more coordinated strategies, better consumer education, and potentially new laws or regulations that make it harder for scammers to operate. This means fewer people might fall victim to financial fraud, and those who do may have better avenues for reporting and recovery. If it doesn't become law, efforts to combat payment scams would likely remain less coordinated, potentially allowing scammers to continue evolving their tactics without a unified front to stop them, leaving consumers more vulnerable.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes a Task Force for Recognizing and Averting Payment Scams (TRAPS) within 90 days of the bill becoming law.
This creates a dedicated federal body focused solely on understanding and combating payment scams.
PROVISION 02
Outlines the diverse membership of the Task Force, including representatives from key federal agencies, financial institutions, tech companies, consumer groups, and scam victims.
A broad range of stakeholders ensures a comprehensive understanding of scams and a wide variety of perspectives on solutions.
PROVISION 03
Requires the Task Force to examine scam trends, identify prevention methods, develop consumer education strategies, and assess the need for new legislation.
These duties drive the Task Force to perform in-depth analysis and propose actionable solutions to a complex problem.
PROVISION 04
Mandates an initial public report to Congress within one year of the Task Force's establishment, followed by annual updates, detailing findings and recommendations.
This ensures transparency and accountability, providing Congress and the public with insights into scam trends and proposed solutions.
PROVISION 05
Sets a sunset provision, terminating the Task Force three years after it submits its initial report.
This ensures the Task Force is a temporary body focused on delivering recommendations within a defined timeframe.
SPONSORSHIP
1 + 11
R· Idaho
YRS IN OFFICE
33
BILLS LED
30
COSPONSOR BREAKDOWNBIPARTISAN · 55%
DEM 8 REP 3 IND 0
ACTION TIMELINE
2 EVENTSJUN 10
Introduced in Senate
JUN 10
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 2019
Congress119th
StatusIn Committee
IntroducedJun 10, 2025
Last actionJun 10, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED JUN 10, 2025
Senate BillS 2019Finance and Financial Sector
TRAPS Act
INTRODUCED JUN 10, 2025· LAST ACTION JUN 10, 2025
PASSAGE CHANCES
—%
READING
6 min
COSPONSORS
11
COMPLEXITY
Moderate
