This sounds like it is a good first step and I appreciate someone is trying to tackle a problem that bilks people out of billions a year. Another thing that would help is hitting at the sources of revenue for these criminals. My mother was bilked of Amazon gift cards after she was told she had her identity stolen by Indian scammers and had to provide restitution. She was panicked that her identity was stolen and called me. The first thing I said was did they request gift cards? And of course that answer was yes. This was after she sent them $1500 and they wanted more.

Perhaps there should be some warning that is required before a gift card purchase that warns the purchaser of scams. I know some stores are doing this now when they see someone buying a bunch of gift cards, and sometimes preventing victimization. But perhaps legislation is needed here due to the scale of loss. I am not in favor of a nanny state, but sometimes people need to be told things.