Bill would create private nonprofit to shield veterans from scams

What does this do?

This bill would establish the Veteran Scam Victims Foundation, a nonprofit created through veterans' law but not a government agency. It would accept private donations to fund scam education and support for victimized veterans and their families, but it would not repay victims for lost money.

Who does it affect?

Veterans and their family members are the main intended beneficiaries of the Foundation's efforts. The VA, along with officials from the Department of Defense, FTC, IRS, and Social Security Administration, would help oversee or appoint members to its governing board.

Why does it matter?

Because the Foundation relies on private donations rather than government funding, its scam-prevention activities would depend on charitable contributions rather than taxpayer money. The federal government would bear no financial or legal liability for the Foundation's debts or problems.

What does it cost, and who pays?

• Funded by private donations, not tax dollars
• Tax-exempt like other charities
• Government not liable for its debts

Where does it stand?