- Stage
- In committee
- Started in
- Senate
- Sponsors
- 13
- Latest action
- Jun 10, 2025
What it does
The TRAPS Act would establish a Task Force for Recognizing and Averting Payment Scams within the Department of the Treasury to examine payment scam trends, develop prevention strategies, and issue recommendations to combat fraud involving electronic fund transfers. The Task Force would include representatives from federal agencies, financial institutions, credit unions, digital payment networks, community banks, consumer groups, technology industry associations, and victim support networks, and would meet at least three times in its first year. It would submit an initial report within one year of establishment and annual updates thereafter, with the Task Force terminating three years after…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.