,,ii #aai? ,,congress #a/ ,session ,s4 #bjai ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #aj1 #bjbe,mr4 ,crapo 7= himself1 ,mr4 ,w>n]1 ,mr4 ,moran1 & ,mr4 ,w>nock7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to e/abli% a ,task ,=ce = ,recogniz+ & ,av]t+ ,paym5t ,scams1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,task=ce = ,recogniz+ & ,av]t+ ,paym5t ,scams ,act or ! ,,traps ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,paym5t ,! t]m paym5t means any me*anism ?r\gh :i* an individual c electronically transf] funds to ano!r individual via a plat=m or int]m$i>y4 7#b7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 7#c7 ,task ,=ce ,! t]m ,task ,=ce means ! ,task ,=ce on ,paym5t ,scams e/abli%$ "u section #c7;a74 #c4 ,task ,=ce on ,paym5t ,scams 7a7 ,e/abli%m5t ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y %all e/abli% a task =ce1 to be kn[n z ! ,task ,=ce = ,recogniz+ & ,av]t+ ,paym5t ,scams4 7b7 ,memb]%ip 7#a7 ,composition ,! ,task ,=ce %all be *air$ by ! ,secret>y or a designee !re(1 & %all consi/ ( repres5tatives f ! foll[+3 7,a7 ,! ,bureau ( ,consum] ,f9ancial ,protection4 7,b7 ,! ,f$]al ,communications ,commission4 7,c7 ,! ,f$]al ,trade ,commission4 7,d7 ,! ,dep>tm5t ( ,ju/ice4 7,e7 ,! ,(fice ( ! ,comptroll] ( ! ,curr5cy4 7,f7 ,! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em4 7,g7 ,! ,national ,cr$it ,union ,adm9i/ration4 7,h7 ,! ,f$]al ,deposit ,insurance ,corporation4 7,i7 ,! ,f9ancial ,crimes ,en=cem5t ,network4 7,j7 ,a repres5tative1 appo9t$ by ! ,secret>y 9 consultation ) ! ,task ,=ce1 f a f9ancial in/itution ) exp]tise 9 id5tify+1 prev5t+1 & combat+ paym5t scams4 7,k7 ,a repres5tative1 appo9t$ by ! ,secret>y 9 consultation ) ! ,task ,=ce1 f a cr$it union ) exp]tise 9 id5tify+1 prev5t+1 & combat+ paym5t scams4 7,l7 ,a repres5tative1 appo9t$ by ! ,secret>y 9 consultation ) ! ,task ,=ce1 f a digital paym5t network ) exp]tise 9 id5tify+1 prev5t+1 & combat+ paym5t scams4 7,m7 ,a repres5tative1 appo9t$ by ! ,secret>y 9 consultation ) ! ,task ,=ce1 f a community bank4 7,n7 ,a repres5tative1 appo9t$ by ! ,secret>y 9 consultation ) ! ,task ,=ce1 f a consum] gr\p4 7,o7 ,a repres5tative1 appo9t$ by ! ,secret>y 9 consultation ) ! ,task ,=ce1 f an indu/ry association repres5t+ te*nology or onl9e plat=ms4 7,p7 ,n m ?an #e repres5tatives appo9t$ by ! ,secret>y to repres5t victims1 scam support networks1 & o!r relevant /akehold]s 9 ord] to bett] assi/ consum]s & /akehold]s4 7#b7 ,t]m ( appo9tm5t ,! t]m ( a memb] ( ! ,task ,=ce %all cont9ue until ! t]m9ation ( ! ,task ,=ce4 7#c7 ,vacancy ,any vacancy occurr+ 9 ! memb]%ip ( ! ,task ,=ce %all be fill$ 9 ! same mann] 9 :i* ! orig9al appo9tm5t 0 made4 7c7 ,purpose ,! ,task ,=ce %all-- 7#a7 exam9e curr5t tr5ds & developm5ts 9 paym5t scams1 id5tify effective me?ods = prev5t+ su* scams1 & issue recomm5dations to enhance ef=ts to id5tify & prev5t su* activities2 7#b7 adopt a cross-sector approa* to ensure its recomm5dations reflect ! full scope ( ! issue1 giv5 t scams impact individuals across a wide range ( indu/ries1 includ+ f9ancial s]vices1 telecommunications1 & te*nology2 & 7#c7 include repres5tation f /akehold]s ) direct exp]i5ce support+ victims ( scams1 z well z indu/ry p>ticipants ) insight into scam tactics & prev5tion /rategies4 7d7 ,meet+s ,! ,task ,=ce %all meet n less ?an #c times dur+ ! #a-ye> p]iod beg9n+ on ! date ( enactm5t ( ?is ,act1 & !reaft] at su* times & places1 & by su* means1 z ! ,*air ( ! ,task ,=ce det]m9es to be appropriate1 :i* may include ! use ( remote conf]5ce te*nology4 7e7 ,duties ,! duties ( ! ,task ,=ce %all include-- 7#a7 evaluat+ be/ practices = combat+ me?ods us$ by scamm]s1 includ+ spo($ calls1 scam text messages1 & malici\s adv]tisem5ts1 pop-ups1 & websites2 7#b7 assess+ h[ int]national jurisdictions h tri$ to prev5t paym5t scams2 7#c7 id5tify+ & review+ curr5t me?ods us$ to scam a consum] ?r\gh paym5t plat=ms2 7#d7 det]m9+ a /rategy = education programs t bett] equip consum]s to id5tify1 avoid1 & report paym5t scam attempts to ! appropriate au?orities2 7#e7 coord9at+ ef=ts to ensure p]petrators ( paym5t scams c be id5tifi$ & pursu$ by law en=cem5t2 7#f7 consult+ ) o!r relevant /akehold]s1 includ+ ,/ate1 local1 & ,tribal ag5cies & f9ancial s]vices provid]s2 7#g7 det]m9+ :e!r any additional ,f$]al legislation w\ld be b5eficial = law en=cem5t & indu/ry 9 mitigat+ paym5t scams2 & 7#h7 id5tify+ pot5tial solutions to paym5t scams involv+ bus9ess email compromise4 7f7 ,comp5sation ,ea* memb] ( ! ,task ,=ce :o is a civilian or employee ( ! ,unit$ ,/ates %all s]ve )\t comp5sation1 o!r ?an comp5sation to :i* entitl$ z an employee ( ! ,unit$ ,/ates1 z ! case may be4 7g7 ,report 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date on :i* ! ,secret>y e/abli%es ! ,task ,=ce1 ! ,task ,=ce %all submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & make publicly available onl9e a report detail+-- 7,a7 ! results ( ! reviews & evaluations ( ! ,task ,=ce "u subsection 7e72 7,b7 ! /rategy id5tifi$ "u subsection 7e72 7,c7 any legislative or regulatory recomm5dations t w\ld enhance ! ability to detect & prev5t paym5t scams describ$ 9 subsection 7e72 & 7,d7 recomm5dations to enhance coop]ation among ,f$]al1 ,/ate1 local1 & ,tribal au?orities 9 ! inve/igation & prosecution ( scams & o!r f9ancial crimes1 includ+ h>moniz+ data collection1 improv+ report+ me*anisms & /reams1 e/imat+ ! numb] ( compla9ts & consum]s affect$1 & evaluat+ ! effectiv5ess ( anti-scam tra9+ programs4 7#b7 ,annual updates ,aft] submitt+ an initial report requir$ "u p>agraph 7#a71 ! ,task ,=ce %all1 on an annual basis1 submit to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate & ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives & make publicly available onl9e an updat$ v]sion ( ! report4 7h7 ,applicable law ,*apt] #d ( title #e1 ,unit$ ,/ates ,code1 %all n apply to ! ,task ,=ce4 7i7 ,sunset ,! ,task ,=ce %all t]m9ate on ! date t is #c ye>s aft] ! date on :i* ! ,task ,=ce submits ! report requir$ "u subsection 7h77#a74