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H.R. 4936119th CongressIn committeeLatest action Aug 8, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
HR 4936 orders the Treasury to form a task force within 90 days to study payment scams and recommend new consumer protections.
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This bill directs the Secretary of the Treasury to create a task force within 90 days to study electronic payment scams and how to stop them. The group would work for up to three years, then publish a report for Congress with findings and recommendations for new laws or regulations, followed by yearly updates.
The task force would include representatives from federal agencies such as the FTC, FBI, and bank regulators, as well as banks, credit unions, digital payment companies, consumer groups, tech industry associations, and scam victims.
Without this task force, no coordinated federal effort would exist to study scam tactics like fake calls, texts, and fraudulent websites, or to learn from what other countries have done. The required report creates a public record that Congress can use when deciding whether new laws are needed.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Financial Services.