Senators introduce bill targeting social media scam ads

Sens. Ruben Gallego (D-Ariz.) and Bernie Moreno (R-Ohio) unveiled legislation Wednesday that would require online platforms, including social media companies, to take “reasonable steps” to prevent fraudulent or deceptive advertisements from reaching consumers. The Safeguarding Consumers from Advertising Misconduct (SCAM) Act seeks to crack down on “predatory online scam advertisements” that lawmakers say are costing…