Scam Compound Accountability and Mobilization Act
What changed between versions
New section 7 requires the Attorney General, in consultation with the Secretary of State, Secretary of the Treasury, and other appropriate agency heads, to submit a report to Congress within 90 days of enactment. The report must outline challenges to providing financial redress to victims of scam compound operations, recommend amendments to existing forfeiture law so the DOJ can use forfeited assets to compensate U.S. citizen victims, and recommend how such a redress mechanism should be administered.
The sunset provision was renumbered from section 7 to section 8 to accommodate the new victim redress section.
Minor formatting changes throughout: removal of extra spaces before U.S.C. citations, hyphenation of 'money laundering' to 'money-laundering' in sanctions provisions, and a capitalization change from 'Federal Government' to 'Federal government' in the strategy section.