The purpose of the Veteran Scam Victims Foundation Act is to create a new organization aimed at protecting veterans and their beneficiaries from scams. This foundation will provide education and support to help prevent veterans from becoming victims of fraud and assist those who have already been affected. Key provisions of the Act include the establishment of the Veteran Scam Victims Foundation as a nonprofit corporation. The foundation will be governed by a board that includes representatives from various government agencies and private citizens.