STOP Scammers Act

LEGISLATIVE PROGRESS

STEP 2 OF 8

Introduced

In Committee

Reported

Passed Senate

Passed House

Conference

To President

Became Law

Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law

WHAT THE BILL DOES

AI-written

This bill matters because financial scams originating from foreign sources are a significant and growing problem, costing Americans billions of dollars annually and causing immense personal hardship. If this bill becomes law, the U.S. government would have a clear, powerful mechanism to identify, target, and disrupt these foreign scam operations more effectively than current methods allow.

Without this bill, the government would continue to rely on existing, potentially less coordinated, tools to fight these scams. By providing a specific framework for designation, asset freezing, and communication blackouts, the bill aims to bolster the financial security of Americans, make it much harder for foreign scammers to exploit U.S. citizens, and potentially increase the recovery of funds for victims. It offers a proactive approach to a widespread issue that impacts many households.

KEY PROVISIONS

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Requires the Secretary of the Treasury to designate foreign organizations as "Foreign Financial Threat Organizations" if they engage in fraudulent activities targeting U.S. citizens or legal residents.

This establishes an official government list to identify and track foreign groups that are actively scamming Americans.

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Allows the U.S. government to freeze the assets of designated organizations held in U.S. financial institutions and limit their access to internet and cellular services.

This directly undermines the financial stability and operational capacity of the scamming organizations.

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Subjects designated organizations to penalties and procedures similar to those applied to specially designated global terrorist organizations.

This provision assigns a high level of legal consequence to foreign financial fraud, equating it with serious threats to national security.

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Mandates that the Secretary of the Treasury prevent designated organizations from contacting U.S. citizens or legal residents through phone, internet, or email.

This directly protects potential victims by cutting off the primary communication channels used by scammers.

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Requires the Secretary of the Treasury to submit annual reports to Congress and the public on designated organizations, seized assets, and funds returned to victims.

This ensures transparency and accountability for the government's efforts in combating foreign financial threats.

DEADLINES & DATES

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Not later than 90 days after the date of the enactment of this Act.

First designation of a Foreign Financial Threat Organization.

Not later than 7 days after providing notification to Congress.

Publication of a designation in the Federal Register.

Not later than 2 years after the date of the enactment of this Act, and annually thereafter.

First annual report to Congress on the implementation of the Act.

PENALTIES & ENFORCEMENT

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TYPE	AMOUNT	WHO
Administrative/Financial	Blocking of property, prohibition of transactions, potential seizure of assets (same as those for specially designated global terrorist organizations under Executive Order 13224).	Foreign Financial Threat Organizations

GLOSSARY

AI-written

Secretary of the Treasury: The head of the U.S. Department of the Treasury, responsible for managing the government's finances and economic policies.
Foreign Financial Threat Organization: A foreign group officially identified by the U.S. government as intentionally scamming American citizens or legal residents out of their money or assets.
Covered Organization: A foreign entity, including its related businesses, that commits fraud to trick U.S. citizens or legal residents into giving them money or other assets.
Federal Register: The official daily publication for rules, proposed rules, and notices of federal agencies and organizations, as well as executive orders and other presidential documents, making them publicly known.
Executive Order 13224: A presidential directive that allows the U.S. government to block assets and prohibit financial transactions with individuals and organizations involved in or supporting terrorism. This bill applies similar penalties to designated scam organizations.
Lawful Permanent Resident: An individual who has been granted the right by the U.S. government to live permanently in the United States; commonly referred to as a 'green card' holder.

ACTION TIMELINE

2 EVENTS

AUG 1, 25

Introduced in Senate

INTROREFERRAL

AUG 1, 25

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

INTROREFERRAL

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Banking, Housing, and Urban Affairs CommitteeReferred

Aug 1, 2025

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LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

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STOP Scammers Act

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

DEADLINES & DATES

PENALTIES & ENFORCEMENT

GLOSSARY

ACTION TIMELINE

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STOP Scammers Act

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

SPONSORSHIP

ACTION TIMELINE

BILL INFO

READER REACTIONS

Discussion

STOP Scammers Act

LEGISLATIVE PROGRESS

WHAT THE BILL DOES

KEY PROVISIONS

DEADLINES & DATES

PENALTIES & ENFORCEMENT

GLOSSARY

ACTION TIMELINE

SPONSORS

READER REACTIONS

What do you think?

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