1. Short title This Act may be cited as the Senior Scams Prevention Act . 2. Senior Scams Prevention Advisory Council (a) Establishment There is established a Senior Scams Prevention Advisory Council (referred to in this Act as the Advisory Council ). (b) Members The Advisory Council shall be composed of the following members or the designees of those members: (1) The Chairman of the Federal Trade Commission. (2) The Secretary of the Treasury. (3) The Attorney General. (4) The Director of the Bureau of Consumer Financial Protection. (5) Not more than 2 representatives from each of the following sectors, including trade associations, to be selected by the Chairman of the Federal Trade Commission: (A) Retail. (B) Gift card. (C) Telecommunications. (D) Wire transfer services. (E) Senior peer advocates. (F) Consumer advocacy organization with efforts focused on preventing seniors from becoming the victims of scams. (G) Financial services, including institutions who engage in digital currency. (H) Prepaid cards. (6) Any other Federal, State, or local agency, industry representative, consumer advocate, or entity, as determined by the Chairman of the Federal Trade Commission. (c) Duties (1) In general The Advisory Council shall, while considering public comment— (A) collect information on the existence, use, and success of model educational materials and programs for retailers, financial services and wire transfer companies, which— (i) may be used as a guide to educate employees on how to identify and prevent scams that affect seniors; and (ii) include— (I) useful information for retailers, financial services, and wire transfer companies for the purpose described in clause (i); (II) training for employees on ways to identify and prevent senior scams; (III) the best methods for keeping employees up to date on current scams; (IV) the most effective signage and best placement for signage in retail locations to warn seniors about scammers’ use of gift cards and wire transfer services