This Act requires the FTC, the Attorney General, and the Secretary of Education to jointly submit a report to Congress each year on fraud in the offering of college education financial assistance services. Each report must contain an assessment of the nature and quantity of incidents of such fraud during the previous year. The FTC is also directed to work with the Secretary of Education in maintaining a scholarship fraud awareness site on the Department of Education's website.
Pub. L. No. 106-420, 114 Stat. 1867, codified in relevant part at 20 U.S.C. § 1092d