The bill establishes the Task Force on Scams and Fraud within the Department of Law and Public Safety in New Jersey. The task force's primary objectives include studying the prevalence and methods of scams affecting residents, particularly seniors and vulnerable populations, reviewing current consumer education and fraud prevention efforts, and developing recommendations to enhance coordination among government, law enforcement, and the private sector. Additionally, the task force will advise state agencies on public information dissemination regarding scams, identify potential funding sources for consumer education initiatives, and recommend legislative or regulatory actions to improve fraud prevention and victim support.

The task force will consist of 15 members, including representatives from various state departments, law enforcement, the business community, senior advocacy organizations, and the public. Appointments must be made within 45 days of the bill's effective date, and the task force is required to organize within 60 days of a majority of members being appointed. A written report of findings and recommendations must be submitted to the Governor and Legislature within one year of organization, after which the task force will expire 30 days later. The bill aims to address the increasing prevalence of scams and fraudulent activities in New Jersey, providing a structured approach to protect residents from such threats.