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119-s-2429119th CongressWALLET

Stop the Scammers Act

Sponsored By: Senator Cortez Masto, Catherine [D-NV]

Introduced

Summary

Creates a new whistleblower incentives and protection program in the Consumer Financial Protection Act to reward people who bring original tips about consumer finance violations and to strengthen enforcement capacity. It also increases the Bureau's funding ceiling to give the agency more resources for investigations and awards.

Show full summary
  • Workers and insiders who report fraud would be eligible for monetary awards when their original information leads to successful enforcement. Awards must total between 10% and 30% of collected civil money penalties and the minimum award for smaller penalties is the greater of 10% or $50,000.
  • Consumers would likely see stronger enforcement and deterrence because awards come from a dedicated penalty fund and the Bureau can use rulemaking, confidentiality protections, and appeals to manage cases.
  • The Bureau and enforcement partners would get more resources and clearer rules. The bill lets the Consumer Financial Civil Penalty Fund pay whistleblower awards and raises the Bureau's statutory funding ceiling, changing the multiplier used in the funding formula.

*It would raise the Bureau's statutory funding multiplier from 6.5 to 12, increasing the agency's funding ceiling.*

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Cash rewards for consumer whistleblowers

If enacted, the bill would create a CFPB whistleblower award program. You could get cash if you give original information that leads to successful enforcement. For cases with $1,000,000 or more in penalties, the Bureau would set an award pool equal to 10%–30% of the penalties. If penalties are under $1,000,000, a single award would be at least 10% of penalties or $50,000, whichever is larger. Awards would be paid from the Consumer Financial Civil Penalty Fund. Some people would be ineligible and the Bureau would keep identities confidential with limited sharing and appeal rights.

Higher funding cap for CFPB

If enacted, the bill would raise the CFPB's funding cap by changing a numeric factor from 6.5 to 12. This would give the Bureau a higher funding ceiling. The change would take effect upon enactment. It does not itself appropriate new money, so any extra enforcement or programs would need future spending decisions.

Sponsors & CoSponsors

Sponsor

Cortez Masto, Catherine [D-NV]

NV • D

Cosponsors

  • Sen. Warren, Elizabeth [D-MA]

    MA • D

    Sponsored 7/24/2025

  • Sen. Schumer, Charles E. [D-NY]

    NY • D

    Sponsored 7/24/2025

  • Sen. Reed, Jack [D-RI]

    RI • D

    Sponsored 7/24/2025

  • Sen. Smith, Tina [D-MN]

    MN • D

    Sponsored 7/24/2025

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 7/24/2025

  • Sen. Kim, Andy [D-NJ]

    NJ • D

    Sponsored 7/24/2025

  • Sen. Gallego, Ruben [D-AZ]

    AZ • D

    Sponsored 7/24/2025

  • Sen. Klobuchar, Amy [D-MN]

    MN • D

    Sponsored 7/24/2025

  • Sen. Gillibrand, Kirsten E. [D-NY]

    NY • D

    Sponsored 7/24/2025

  • Sen. Fetterman, John [D-PA]

    PA • D

    Sponsored 7/24/2025

  • Sen. Booker, Cory A. [D-NJ]

    NJ • D

    Sponsored 7/24/2025

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 7/24/2025

  • Sen. Warnock, Raphael G. [D-GA]

    GA • D

    Sponsored 7/24/2025

  • Sen. Warner, Mark R. [D-VA]

    VA • D

    Sponsored 7/31/2025

  • Sen. Blunt Rochester, Lisa [D-DE]

    DE • D

    Sponsored 7/31/2025

  • Sen. Kaine, Tim [D-VA]

    VA • D

    Sponsored 10/3/2025

  • Sen. Alsobrooks, Angela D. [D-MD]

    MD • D

    Sponsored 7/24/2025

  • Sen. Durbin, Richard J. [D-IL]

    IL • D

    Sponsored 7/24/2025

  • Sen. Blumenthal, Richard [D-CT]

    CT • D

    Sponsored 7/24/2025

  • Sen. Merkley, Jeff [D-OR]

    OR • D

    Sponsored 7/24/2025

  • Sen. Whitehouse, Sheldon [D-RI]

    RI • D

    Sponsored 7/24/2025

  • Sen. Sanders, Bernard [I-VT]

    VT • I

    Sponsored 7/24/2025

  • Sen. Rosen, Jacky [D-NV]

    NV • D

    Sponsored 7/24/2025

  • Sen. Luján, Ben Ray [D-NM]

    NM • D

    Sponsored 7/24/2025

  • Sen. Hickenlooper, John W. [D-CO]

    CO • D

    Sponsored 7/24/2025

  • Sen. Baldwin, Tammy [D-WI]

    WI • D

    Sponsored 12/3/2025

Roll Call Votes

No roll call votes available for this bill.

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