Story perspectives

New SCAM Act Targets Fraudulent Ads, Protects Consumers

2/4/2026

Summary

Story summary

U.S. Senators Ruben Gallego and Bernie Moreno introduced the SCAM Act to require advertiser verification and steps against scams, with potential FTC action.
The bill notes Meta Platforms could earn $16 billion from scam ads in 2024.
Consumer advocacy groups back the legislation, urging stronger advertiser verification.
Separately, Senators Kevin Cramer and Mark Warner aim to reauthorize funding for the Export-Import Bank for U.S. critical minerals amid global competition.

1 of 1

Story summary

U.S. Senators Ruben Gallego and Bernie Moreno introduced the SCAM Act to require advertiser verification and steps against scams, with potential FTC action.
The bill notes Meta Platforms could earn $16 billion from scam ads in 2024.
Consumer advocacy groups back the legislation, urging stronger advertiser verification.
Separately, Senators Kevin Cramer and Mark Warner aim to reauthorize funding for the Export-Import Bank for U.S. critical minerals amid global competition.