1. Robocaller bounty pilot program (a) Establishment Not later than 180 days after the date of the enactment of this Act, the Federal Trade Commission, in consultation with the Federal Communications Commission, shall— (1) establish a robocaller bounty pilot program to reduce covered calls by egregious violators; and (2) issue guidance about what constitutes an egregious violation under paragraph (1). (b) Requirements In establishing the pilot program under subsection (a), the Federal Trade Commission, in consultation with the Federal Communications Commission, shall— (1) provide monetary compensation for the identification and prevention of covered calls; (2) develop an expeditious process for participants in the pilot program to submit an expedited background check, as determined by the Federal Trade Commission, in consultation with the Federal Communications Commission, and approval for participation into the program; (3) develop a fee sharing structure for participants to share in funds recovered from violations related to a covered call in addition to payment for participation in program; (4) award competitive contracts as necessary to manage the pilot program and for addressing the vulnerabilities identified as a consequence of the pilot program