Establishes the Veteran Scam Victims Foundation to protect veterans from scams.
The Veteran Scam Victims Foundation Act establishes the Veteran Scam Victims Foundation, a nonprofit corporation. The Foundation aims to prevent veterans and their beneficiaries from becoming scam victims by accepting private gifts and educating them about scams. The Foundation is exempt from federal, state, and local taxes. The Board of Directors includes the Secretary of Veterans Affairs and six private citizens appointed by various officials. The Foundation can accept gifts, devises, or bequests for its benefit, and it can sell, lease, invest, or dispose of property or income.
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