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Stop the Scammers Act: Whistleblower Rewards and Consumer Protection

This act aims to strengthen consumer protection by encouraging individuals to report financial fraud. It introduces a system of monetary rewards for whistleblowers who provide original information leading to successful enforcement actions against scammers, while also protecting their identity. It also increases funding for the consumer financial protection agency.
Key points
Monetary Rewards: Individuals reporting financial fraud can receive between 10% and 30% of recovered funds if the amount exceeds one million dollars. If the amount is lower, the minimum reward is $50,000 or 10% of recovered funds.
Identity Protection: Whistleblowers' identities are protected unless disclosure is necessary in legal proceedings. Information can be shared with other government agencies, but confidentiality must be maintained.
Increased Agency Funding: The act raises the funding cap for the Bureau of Consumer Financial Protection, which should help in more effective anti-fraud efforts.
No Waiver of Rights: Rights and remedies provided by this act cannot be waived through employment agreements or other arrangements, including pre-dispute arbitration agreements.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2429
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2025-07-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Stop the Scammers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2429.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-24.

What are the main provisions?

Key points include:

  • Monetary Rewards: Individuals reporting financial fraud can receive between 10% and 30% of recovered funds if the amount exceeds one million dollars. If the amount is lower, the minimum reward is $50,000 or 10% of recovered funds.
  • Identity Protection: Whistleblowers' identities are protected unless disclosure is necessary in legal proceedings. Information can be shared with other government agencies, but confidentiality must be maintained.
  • Increased Agency Funding: The act raises the funding cap for the Bureau of Consumer Financial Protection, which should help in more effective anti-fraud efforts.
  • No Waiver of Rights: Rights and remedies provided by this act cannot be waived through employment agreements or other arrangements, including pre-dispute arbitration agreements.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

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