S2019119th CongressWALLET

TRAPS Act

Sponsored By: Senator Mike Crapo

Introduced

Summary

Task Force on Payment Scams would create a time-limited, multi-agency group to study how electronic payment scams work and recommend coordinated steps to prevent, detect, and respond to them. It centers victims, industry experts, and regulators in a cross-sector effort.

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

New Task Force on Payment Scams

If enacted, the Treasury Secretary would create a Task Force on payment scams within 90 days. The group would be chaired by the Secretary and include federal agencies, banks, credit unions, payment networks, tech platforms, consumer groups, community banks, and up to five victim representatives. The Task Force would meet at least three times in its first year and use remote meetings as needed. It would study spoofed calls, scam texts, malicious online content, business email compromise, and international approaches. The group would develop consumer education strategies, coordinate enforcement and industry efforts, and consider legislative or regulatory recommendations. The Task Force would publish an initial public report within one year of establishment, then update it annually. It would be exempt from Chapter 4 of title 5 and end three years after the initial report is submitted.

Sponsors & CoSponsors

Sponsor

Mike Crapo

ID • R

Cosponsors

  • Mark Warner

    VA • D

    Sponsored 6/10/2025

  • Jerry Moran

    KS • R

    Sponsored 6/10/2025

  • Raphael Warnock

    GA • D

    Sponsored 6/10/2025

  • Bill Cassidy

    LA • R

    Sponsored 7/8/2025

  • Jon Ossoff

    GA • D

    Sponsored 9/16/2025

  • Maggie Hassan

    NH • D

    Sponsored 11/18/2025

  • Jeff Merkley

    OR • D

    Sponsored 12/17/2025

  • Amy Klobuchar

    MN • D

    Sponsored 1/6/2026

  • Lisa Blunt Rochester

    DE • D

    Sponsored 2/26/2026

Roll Call Votes

No roll call votes available for this bill.

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