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flag Senators introduce bill to require social media platforms to verify advertisers and stop scam ads, backed by FTC and state enforcement.

flag U.S. flag Senators Ruben Gallego and Bernie Moreno have introduced the Safeguarding Consumers from Advertising Misconduct Act, a bipartisan bill requiring social media platforms to verify advertisers and take reasonable steps to prevent scam ads. flag The legislation, backed by the American Bankers Association and AARP, would empower the FTC and state attorneys general to enforce compliance, treating violations as unfair or deceptive practices. flag It follows reports that Meta earned billions from scam-related ads in 2024, though the company disputes the figures, saying it actively combats fraud. flag Platforms would need to confirm identities via government-issued IDs or business proof and respond quickly to scam reports.

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