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Protecting Veterans and Servicemembers from Scams and Fraud

This act establishes a dedicated coordinator within the Federal Trade Commission to protect veterans and servicemembers from fraud. The coordinator will monitor the market for scams, educate individuals about risks, and streamline complaint reporting, enhancing their financial and personal security.
Key points
Creation of a coordinator position within the Federal Trade Commission to advise on preventing fraud targeting veterans and servicemembers.
The coordinator will monitor scams, conduct consumer education, and facilitate complaint reporting, helping veterans and servicemembers avoid financial traps.
Improved reporting of fraud and immediate availability of complaints to law enforcement, increasing the likelihood of perpetrators being held accountable and losses recovered.
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Additional Information
Veterans and Servicemember Consumer Protection Act of 2021
Print number: HR 4483
Sponsor: Rep. Rice, Kathleen M. [D-NY-4]
Process start date: 2021-07-16