Strategic Task Force on Scam Prevention Act

This bill directs the Federal Trade Commission, in conjunction with the Department of Justice, to convene an interagency task force to address scams. The task force will develop a national strategy, report to Congress, and consult with various stakeholders, and it will terminate after 10 years.

Sec. 2, Task force: The Federal Trade Commission and Department of Justice must convene an interagency task force including representatives from the Department of Homeland Security (including the Secret Service), Department of Justice (including the FBI), Department of State, Department of the Treasury, Department of Veterans Affairs, Federal Communications Commission, Federal Trade Commission, Securities and Exchange Commission, Social Security Administration, and the United States Postal Service. The task force must develop and implement a national strategy to address scams, which includes using the FTC's Consumer Sentinel Network and the FBI's Internet Crime Complaint Center, public education, coordination with industry entities like online platforms, enforcement actions using existing authorities on money laundering, human trafficking, and fraud, coordination with international partners, and strategies to reduce systemic risk of financial losses and improve recovery resources for victims. Within one year of enactment, the task force must submit a report to Congress and make it public on its actions. The task force must consult with consumer advocacy organizations, industry sectors including banking, generative AI applications, cryptocurrency, dating apps, peer-to-peer payment platforms, search engines, social media, communications equipment manufacturers, and communications providers, as well as state attorneys general, state securities commissions, and local law enforcement. The task force terminates 10 years after enactment.