Veteran Scam Victims Foundation Act

This bill would create the Veteran Scam Victims Foundation, a charitable nonprofit corporation that is not a federal agency. The Foundation could accept and use private gifts to help keep veterans and their beneficiaries from being scammed, educate them about scams, and support those who have become victims, but it would not pay back money lost to scams. A board led by the Secretary of Veterans Affairs, with unpaid private citizen members appointed by several federal officials, would run the Foundation. The Foundation would be exempt from federal, state, and local taxes, the United States would not be liable for its debts, and it would send a yearly report to congressional committees.

Full text and official record on Congress.gov

Sponsors

• George Whitesides Democrat sponsor
• 2 cosponsors