President Obama signs Safe Web Act into law

President Barack Obama signed into law a bill that would reauthorize the Federal Trade Commission's authority to clamp down on Internet fraud and online scammers based abroad.

Outgoing Rep. Mary Bono Mack (R-CA) was the lead co-sponsor of the bill, the U.S. Safe Web Act, which expands the FTC's powers so it can share information about cross-border online fraud with foreign law enforcement authorities. The bill was originally passed by Congress in 2006 and was set to expire next year. With the president's signature, the measure is reauthorized through September 2020.