Bill

S 2950

Scam Compound Accountability and Mobilization Act

119th Congress Introduced by John Cornyn and 8 co-sponsors

The Scam Compound Accountability and Mobilization Act boosts protections for consumers against scams, increases business accountability, and enhances law enforcement resources.

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.

WeVote Research Nonpartisan

Bill Summary · S 2950

Summary of Bill S 2950: Scam Compound Accountability and Mobilization Act

Introduction

The Scam Compound Accountability and Mobilization Act (S 2950) was introduced in the Senate on September 30, 2025. The bill aims to address issues related to scams and fraudulent activities, particularly those that exploit vulnerable populations. It is currently under consideration by the Committee on Foreign Relations.

Purpose and Intent

The primary purpose of the Scam Compound Accountability and Mobilization Act is to enhance accountability for entities involved in scams and to mobilize resources for combating fraudulent activities. The bill seeks to establish a framework that will improve the detection, prevention, and prosecution of scams, thereby protecting consumers and promoting fair practices.

Key Provisions

While the specific details of the provisions are not fully outlined due to the lack of a written report, the following key aspects can be inferred based on the legislative actions and the intent of similar bills:

Increased Accountability: The bill is expected to impose stricter regulations on businesses and organizations that are found to be involved in scam-related activities.
Resource Mobilization: It may include provisions for allocating resources to law enforcement and consumer protection agencies to enhance their capabilities in tackling scams.
Collaboration with Stakeholders: The bill likely encourages collaboration between government agencies, private sector entities, and non-profit organizations to create a unified front against scams.
Consumer Education: There may be initiatives aimed at educating the public about common scams and how to protect themselves.

Affected Parties

The Scam Compound Accountability and Mobilization Act would primarily affect:

Consumers: Individuals who are vulnerable to scams would benefit from enhanced protections and resources aimed at preventing fraud.
Businesses: Companies operating in sectors prone to scams may face increased scrutiny and regulatory requirements.
Law Enforcement Agencies: Agencies tasked with investigating and prosecuting scams would receive additional support and resources.

Legislative Timeline

September 30, 2025: Bill introduced and referred to the Committee on Foreign Relations.
October 22, 2025: The Committee ordered the bill to be reported with an amendment in the nature of a substitute favorably.
October 30, 2025: The bill was placed on the Senate Legislative Calendar under General Orders (Calendar No. 244) and reported by Senator Risch with an amendment in the nature of a substitute.

Conclusion

The Scam Compound Accountability and Mobilization Act represents a legislative effort to combat scams and protect consumers from fraudulent activities. As it progresses through the legislative process, further details and specific provisions will likely be clarified, providing a clearer picture of its potential impact.

Compiled from official sources — confirm details with the bill’s official record.