Combating Pandemic Scams Act of 2020
Summary
The Combating Pandemic Scams Act of 2020 was signed into law on January 5, 2021, requiring the FTC to develop and disseminate information about COVID-19-related scams and establish a national database. The bill authorizes no direct funding and imposes no compliance costs on public companies, making its market impact negligible.
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Key Takeaways
- 1.The bill is already law and has no market impact.
- 2.No funding, procurement, or compliance costs for public companies.
- 3.No tickers are affected by this consumer-information legislation.
Market Implications
No market implications. The bill does not affect revenue, costs, or competitive dynamics for any sector or company.
Full Analysis
The Combating Pandemic Scams Act of 2020 (H.R. 6435) was signed into law on January 5, 2021, during the 116th Congress. The bill directs the Federal Trade Commission (FTC), in consultation with multiple agencies, to develop and disseminate information to the public about mail, telemarketing, and internet scams related to COVID-19. It also requires the FTC to establish a comprehensive national database tracking such scams. The legislation is purely informational and regulatory in nature, with no authorized funding, no tax credits, no procurement mandates, and no penalties for private entities. The money trail is absent: the bill does not allocate any federal dollars, nor does it create a mechanism for private-sector revenue generation. As a consumer-protection measure, it imposes no compliance burden on publicly traded companies. The bill's passage is already complete, and no further legislative steps remain. Given the lack of financial impact on any sector, no tickers are affected.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
DEPARTMENT OF SOCIAL SERVICES CALIFORNIA: $1.2B Department of Agriculture Grant
DEPARTMENT OF SOCIAL SERVICES CALIFORNIA: $3.6B Department of Health and Human Services Grant
NEW YORK STATE EDUCATION DEPARTMENT: $1.5B Department of Agriculture Grant
STATE OF RHODE ISLAND: $1.2B Department of the Treasury Federal Award
FERMI FORWARD DISCOVERY GROUP, LLC: $2.4B Department of Energy Contract
DELL FEDERAL SYSTEMS L.P: $1.0B Department of Veterans Affairs Contract
ADMINISTRACION DE DESARROLLO SOCIOECONOMICO DE LA FAMILIA: $2.5B Department of Agriculture Federal Award
DEPARTMENT OF EDUCATION CALIFORNIA: $1.7B Department of Agriculture Grant
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
Actions by the United States in the Investigations under Section 301 of the Trade Act of 1974 of the Acts, Policies, and Practices of 60 Economies Related to the Failure of Each Economy to Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced with Forced Labor
This Presidential Memorandum directs the U.S. Trade Representative to impose Section 301 tariffs on imports from 60 economies due to their failure to prohibit or effectively enforce forced labor import bans. Tariffs are set at 10% ad valorem for certain economies with partial enforcement or commitments, and 12.5% for others, with exemptions for raw materials and products causing domestic supply issues, and plans for textile tariff-rate quotas by September 2026. The action aims to eliminate the identified unreasonable trade practices through these tariffs and incentives.
Imposing Additional Duties to Offset Canadian Discrimination Against the Commerce of the United States with Respect to Motor Vehicles
This proclamation imposes a 50% ad valorem duty on certain Canadian products, effective August 19, 2026, under Section 338 of the Tariff Act of 1930, to offset Canada's discriminatory 25% tariff and tariff-rate quota on U.S. motor vehicle exports, which have reduced U.S. auto exports to Canada by 22% and shifted demand to competitors like Mexico, Japan, Korea, and Germany.
Imposing Additional Duties to Offset Canadian Discrimination Against the Commerce of the United States with Respect to Dairy
President Trump, citing Section 338 of the Tariff Act of 1930, imposes a 50% additional ad valorem duty on certain Canadian products (listed in Annex II) effective August 19, 2026, to offset Canada's discriminatory dairy tariff-rate quota allocation that disadvantages U.S. cheese exporters compared to EU exporters under CETA. The action aims to pressure Canada to remove the discrimination and expand opportunities for U.S. dairy producers within the U.S. market.
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