Annual report

(a) In general Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Scams Steering Committee shall publicly publish and submit to Congress, including the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Oversight and Government Reform of the House of Representatives, a report that includes the following: (1) Data related to scams reported to the Federal Government over the prior year, including, at a minimum, the number of scams reported, a breakdown of scams by type, the financial loss associated (or estimated) with scams reported over the prior year, demographics related to victims and targets of scams, relevant knowledge gained regarding the perpetrators of scams, and any criminal or civil enforcement data relating to scams during the 1-year period immediately preceding the date of the report. (2) Trends related to scams reported during the 1-year period immediately preceding the date of the report. (3) A summary of large-scale Federal Government investigations related to scams during the 1-year period immediately preceding the date of the report. (4) Regulatory and legislative recommendations to prevent and address scams. (5) Additional information and recommendations, as appropriate. (b) Redacted publication The annual report required to be publicly published under subsection (a) may be redacted to remove sensitive and classified material.