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Stop the Scammers Act

In committee: it can still change before the session ends.

US S 2429 · Senate Bill · 119th Congress

Stage
In committee
Started in
Senate
Sponsors
27
Latest action
Jul 24, 2025

What it does

The Stop the Scammers Act would amend the Consumer Financial Protection Act of 2010 to establish a whistleblower incentive and protection program within the Bureau of Consumer Financial Protection, offering awards of 10% to 30% of civil money penalties collected in enforcement actions exceeding $1 million, funded from the Consumer Financial Civil Penalty Fund. It would also increase the Bureau’s funding cap from 6.5 to 12 basis points of total assets of supervised institutions to ensure adequate resources for fair, transparent, and competitive financial markets. The bill includes protections for whistleblowers, including confidentiality, anti-retaliation safeguards, and prohibitions on…

No official summary is available here. This one was written by AI from the bill’s text.

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Where it stands

  1. Introduced (Done)

    Jul 24, 2025

  2. Committee (Current step)

    In committee · Jul 24, 2025

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Stop the Scammers Act | 52