This Act aims to combat fraudulent activities through the establishment of a Federal Scams Action Plan. It mandates the creation of a Scams Steering Committee to develop a comprehensive action plan and a public-facing website, reportscams.gov, for scam prevention and reporting. The Act requires quarterly progress reviews and updates to Performance.gov and relevant congressional committees. It also necessitates the publication of an annual report on scams reported to the Federal Government, along with data, trends, investigations, and recommendations for prevention. The bill outlines tools for interagency coordination and requires a review of federal efforts to implement the Scams Priority Goal.