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.
Introduced
Citizen Poll