Enacts the "securing customer assets against malfeasance" or "S.C.A.M." act; increases penalties for a scheme to defraud; broadens the definitions of commercial bribery and bribing a public servant; creates the crime of structuring; expands jurisdiction for tax revenue deprivation; increases penalties for defrauding the government and certain persons over the age of sixty-five.

The S.C.A.M. Act aims to protect customer assets by increasing penalties for fraud and expanding definitions related to bribery. It introduces a new crime called 'structuring' and enhances legal actions against those who deprive the government of tax revenue. Additionally, it raises penalties for defrauding the government and targeting individuals over the age of sixty-five.

Supporters of the S.C.A.M. Act argue that it strengthens protections for consumers and holds fraudsters accountable, particularly those who exploit vulnerable populations like seniors. They believe the increased penalties will deter fraudulent activities and promote integrity in business and government dealings.

Critics of the S.C.A.M. Act may contend that the bill could lead to overcriminalization and disproportionately harsh penalties for minor offenses. They might also express concerns about the potential for misuse of the expanded definitions of bribery, which could create unintended consequences for legitimate business practices.