SCAM Act
BEARISHThe SCAM Act (S.3674) expands civil denaturalization grounds for fraud against governmental programs, terrorist affiliation, and certain crimes. It has advanced to the Senate Legislative Calendar but authorizes zero new funding. The bill's impact is procedural and indirect, with no near-term direct market implications for publicly traded companies.
→ Potential for increased audits and restrictions on SNAP benefits usage as part of denaturalization enforcement, indirectly reducing transaction volume from participants found ineligible