U.S. Congress legislation · 119th Congress
HB4936: TRAPS Act
Status: In committee, September 16, 2026
To establish a Task Force for Recognizing and Averting Payment Scams, and for other purposes.
What the bill says
To establish a Task Force for Recognizing and Averting Payment Scams, and for other purposes.
From the introduced text, August 8, 2025:
A BILL To establish a Task Force for Recognizing and Averting Payment Scams, and for other purposes. SECTION 1. Short title This Act may be cited as the Taskforce for Recognizing and Averting Payment Scams Act or the TRAPS Act . SECTION 2. Definitions In this Act: (1) Payment The term payment means any mechanism through which an individual can electronically transfer funds to another individual via a platform or intermediary. (2) Secretary The term Secretary means the Secretary of the Treasury. (3) Task Force The term Task Force means the Task Force on Payment Scams established under section 3(a). SECTION 3. Task Force on Payment Scams (a) Establishment Not later than 90 days after the date of enactment of this Act, the Secretary shall establish a task force, to be known as the Task Force for Recognizing and Averting Payment Scams. (b) Membership (1) Composition The Task Force shall be chaired by the Secretary or a designee thereof, and shall consist of representatives from the following: (A) The Bureau of Consumer Financial Protection. (B) The Federal Communications Commission. (C) The Federal Trade Commission. (D) The Department of Justice. (E) The Office of the Comptroller of the Currency. (F) The Board of Governors of the Federal Reserve System. (G) The National Credit Union Administration. (H) The Federal Deposit Insurance Corporation. …
Sponsors
- Zachary Nunn (R, 3) · primary sponsor
- James Himes (D, HD-004)
- Don Beyer (D, HD-008)
- Roger Williams (R, HD-TX-25)
- Pete Sessions (R, HD-017)
- Darren Soto (D, HD-FL-9)
- Terri Sewell (D, HD-007)
- Young Kim (R, HD-CA-40)
- Eugene Vindman (D, HD-007)
- Seth Magaziner (D, HD-002)
- Brittany Pettersen (D, HD-007)
- Dan Meuser (R, HD-009)
Latest actions
- : Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0.
- : Committee Consideration and Mark-up Session Held
- : Referred to the House Committee on Financial Services.
- : Introduced in House
Subjects: Fraud offenses and financial crimes, Computers and information technology, Consumer affairs, Financial literacy, Computer security and identity theft, Government information and archives, Finance and Financial Sector, Advisory bodies
Common questions
- What is HB4936?
- HB4936 is a bill in Congress (119th Congress): TRAPS Act.
- What does HB4936 do?
- In its own words: To establish a Task Force for Recognizing and Averting Payment Scams, and for other purposes.
- What is the status of HB4936?
- In committee as of September 16, 2026. Latest action: Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 0. (September 16, 2026).
- Who sponsored HB4936?
- Zachary Nunn (R, 3), with 11 co-sponsors.
- Where is the official record for HB4936?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/4936
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.