NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE

Washington, Sept. 16 -- Representative Zach Nunn issued the following press release:

WASHINGTON, D.C. - Today, the House Financial Services Committee advanced two bipartisan bills introduced by Representative Zach Nunn (IA-03) - the Taskforce for Recognizing and Averting Payment Scams (TRAPS) Act and the Consumer-Led Enhancement of Annuity and Insurance Registration Forms (CLEAR Forms) Act - aimed at stopping payment scams before they drain Iowans' life savings and simplifying the registration paperwork behind the life insurance and annuity products Iowa families rely on. "On Tuesday, the House passed our bipartisan GUARD Act, which would give law enforcement the tools to hunt down scammers and recover Iowans' stolen money. Today, we're a...