Zachary Nunn (R-IA)· Introduced August 8, 2025

TRAPS Act

H.R. 4936 · House bill Finance and Financial Sector

A Republican bill with 29 Democratic cosponsors · See all 57 cosponsors

Last activity September 16, 2026 — Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.

Introduced, nothing more yet

Formally proposed, and not yet handed to a committee.

Nearly every bill is sent to a committee within days. Introduction alone is not a sign of support, of momentum, or of any likelihood of passing — any member may introduce any bill.

Its path through Congress

Introduced

What this bill would do

This bill is known as the Taskforce for Recognizing and Averting Payment Scams Act or the TRAPS Act. It requires the Secretary of the Treasury to establish a specific Task Force for Recognizing and Averting Payment Scams within 90 days. This Task Force must include representatives from various government agencies, financial institutions, consumer groups, technology platforms, and scam victims or support networks. The group is tasked with examining current payment scam trends, evaluating best practices, determining education strategies for consumers, and coordinating law enforcement efforts. Within one year, the Task Force must submit a public report detailing its findings, legislative recommendations, and anti-scam strategies to Congress, followed by annual updates. Finally, the Task Force will officially terminate three years after submitting that initial report.

Yes· 3 of 23

Scored +8
Does this give people more protection from unfair business practices?
Establishes a comprehensive task force to study, prevent, and educate consumers against payment scams.
Scored +7
Would people over 65 be better off under this?
Seniors are often primary targets for the types of payment scams this act seeks to prevent.
Scored +7
Would retired people be better off under this?
Retirees are frequently targeted by sophisticated payment and digital scams.