We have received text from S. 2950: Scam Compound Accountability and Mobilization Act. This bill was received on 2025-09-30, and currently has 1 cosponsor.
Here is a short summary of the bill:
The Scam Compound Accountability and Mobilization Act, introduced in the U.S. Senate, aims to tackle issues related to international scam operations known as "scam compounds" primarily in Southeast Asia, where large-scale fraud and human trafficking occur. Below is a summary of its key components.
Background and Purpose
The bill identifies transnational cyber-enabled fraud as a significant threat, noting that U.S. citizens faced approximately $13.7 billion in losses due to such scams in recent years. Many of these scams are linked to criminal organizations, particularly those with ties to China, and are characterized by human trafficking and forced labor practices. The legislation focuses on the need for the United States to enhance efforts against these operations.
Strategic Developments
The bill mandates the Secretary of State, in collaboration with relevant agencies, to create a comprehensive strategy specifically aimed at:
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Countering scam compounds and holding criminal organizations accountable.
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Identifying and prioritizing countries most affected by such fraud.
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Improving coordination with domestic and international partners to share information and resources.
Task Force Formation
To implement the strategy, an interagency task force will be established. This task force will:
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Coordinate the execution of the strategy.
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Monitor and analyze international scam operations.
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Provide annual reviews and updates on progress and challenges.
Accountability Measures
The bill allows for various tools to hold perpetrators accountable, including:
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Sanctions against foreign individuals or entities that assist or enable scam operations.
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Visa restrictions and asset seizures related to those involved in these activities.
The President is granted the authority to impose these sanctions under the International Emergency Economic Powers Act and must report to Congress on sanctions imposed every six months.
Human Trafficking Concerns
A significant focus of the bill is on supporting victims of human trafficking and forced criminality, compelling the U.S. to implement measures that ensure support for survivors and enhance legal frameworks against traffickers. The strategy should also include the identification of enabling countries where law enforcement is ineffective, allowing scam operations to flourish.
International Collaboration
The bill emphasizes the importance of collaboration with international partners, civil society leaders, and the private sector to prevent recruitment fraud and increase public awareness of such scams. Efforts will also be made to support foreign governments in combating corruption and enhancing their enforcement of related laws.
Duration and Review
The provisions of the bill will remain in effect for seven years, with regular reviews to assess its effectiveness in dealing with scam compounds and related criminal activities.
Relevant Companies
None found
Senator John Cornyn Bill Proposals
Here are some bills which have recently been proposed by Senator John Cornyn:
- S.2950: Scam Compound Accountability and Mobilization Act
- S.2934: Protecting Americans from Russian Litigation Act of 2025
- S.2902: Hidden Foster Care Transparency Act
- S.2870: Fight Illicit Pill Presses Act
- S.2815: JUSTICE in D.C. Act
- S.2807: RESPECT Act of 2025
You can track bills proposed by Senator John Cornyn on Quiver Quantitative's politician page for Cornyn.
Senator John Cornyn Net Worth
Quiver Quantitative estimates that Senator John Cornyn is worth $1.5M, as of October 11th, 2025. This is the 288th highest net worth in Congress, per our live estimates.
Cornyn has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Senator John Cornyn's net worth on Quiver Quantitative's politician page for Cornyn.
Senator John Cornyn Stock Trading
We have data on up to $100.0K of trades from Senator John Cornyn, which we parsed from STOCK Act filings. Some of the largest trades include:
- A February 1st, 2017 sale of up to $50K of $AAPL. The stock has risen 662.0% since then.
You can track Senator John Cornyn's stock trading on Quiver Quantitative's politician page for Cornyn.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.