S.2670

Strengthening Targeting of Organized Predatory Scammers Act mandates the Treasury Secretary to designate foreign entities as Foreign Financial Threat.

The Strengthening Targeting of Organized Predatory Scammers Act, also known as the STOP Scammers Act, requires the Secretary of the Treasury to designate certain foreign entities as Foreign Financial Threat Organizations. These are organizations that engage in fraudulent activities targeting U.S. citizens and lawful permanent residents. The Secretary must make the first designation within 90 days of the act's enactment. The act also allows the Secretary to freeze assets of designated organizations and prevent them from contacting U.S. citizens.