As Chair of Oversight & Investigations on the Financial Services Committee Republicans, I’m working with law enforcement and federal agencies to crack down on these schemes and protect consumers.
We will continue to work with law enforcement and federal agencies to crack down on scams and protect consumers.
Occurrences
The SCAM Act requires online platforms to take reasonable steps to prevent fraudulent and deceptive ads, strengthens accountability when scams occur, and enhances enforcement of consumer protection laws by the Federal Trade Commission and state authorities.
Evidence
This page highlights resources from the Office of the Comptroller of the Currency (OCC) and other federal partners. It tells consumers to report suspected scams so law enforcement can act, including using the FTC’s ReportFraud.ftc.gov form and the DOJ National Elder Fraud Hotline, and it frames the page as guidance from Chairman Dan Meuser.
Meuser and Correa introduced the SCAM Act to combat predatory online scam advertisements. The release says the bill requires online platforms to take reasonable steps to prevent fraudulent and deceptive ads and enhances enforcement of consumer protection laws by the FTC and state authorities.
As Subcommittee Chairman, Meuser said he was working with partners across federal, state, and local government, as well as the financial sector, technology platforms, and telecom companies, to improve how scams are tracked and stopped before they strike. The committee hearing was about financial fraud affecting consumers, and his office launched a scam resource page for reporting and prevention.
The committee said Meuser led a hearing on fraud affecting American families, including check fraud and senior scams, and that Meuser, Chairman French Hill, and Chairman Andy Barr sent a letter to the Federal Reserve Chairman requesting information on efforts to mitigate fraud and conduct outreach to consumers.
Assessments
The promise is an oversight-style commitment to continue working with law enforcement and federal agencies against scams, not a pledge tied to a single enacted law or measurable final outcome. Evidence shows Meuser materially carried out that commitment during the same term: he led and participated in congressional oversight hearings on fraud and scams, worked with federal partners, helped send a letter to the Federal Reserve seeking anti-fraud action and consumer outreach, launched a constituent scam-reporting and prevention resource page directing people to FTC and DOJ reporting channels, and introduced bipartisan anti-scam legislation. Taken together, these are concrete official actions consistent with 'continue to work with law enforcement and federal agencies to crack down on scams and protect consumers,' so the promise is best judged delivered in the same term.