Consumers are scammed out of an estimated $195 billion annually. A 2024 FTC report found that social media was the leading source of reported fraud losses, totaling $1.9 billion. Additionally, a March 2026 ABA Morning Consult survey found that 76% of Americans have seen ads and messages on social media from people and businesses that they believe are fraudulent and deceptive.

Senators Gallego and Moreno and Representatives Meuser and Correa recently introduced S.3774 and H.R.7548, the Safeguarding Consumers from Advertising Misconduct (SCAM) Act, an important step towards protecting Americans from criminals who exploit fraudulent advertising on social media platforms.

The SCAM Act would require social media companies to verify advertisers’ identities, implement systems to detect fraudulent advertisements, and investigate and remove fake ads. It would also clarify existing legal protections for social media companies and allow platforms to be held accountable if they run— and profit from—deceptive advertising. 

Stop scams by supporting S.3774 and H.R.7548: Urge your lawmakers to cosponsor the SCAM Act.