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Combating Financial Scams: Asset Freezing and Citizen Protection

This new law aims to protect citizens from foreign financial scams. It allows the government to freeze assets of organizations defrauding people and block their contact with US residents. This can help recover money for scam victims and restrict scammers' access to internet and phone services.
Key points
The government can designate foreign organizations that defraud citizens as "Foreign Financial Threat Organizations".
Assets of these organizations can be frozen, and their contact with US citizens blocked.
The law aims to recover funds for scam victims and enhance financial security.
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Status: Introduced
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Additional Information
Print number: 119_S_2670
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2025-08-01
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

STOP Scammers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2670.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-08-01.

What are the main provisions?

Key points include:

  • The government can designate foreign organizations that defraud citizens as "Foreign Financial Threat Organizations".
  • Assets of these organizations can be frozen, and their contact with US citizens blocked.
  • The law aims to recover funds for scam victims and enhance financial security.
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. Scott, Rick [R-FL].

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.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Security Courts and Law Economy