(CNN) President Donald Trump signed a bill on Monday that increases fines on criminal robocall violations and cracks down on companies making the calls, as part of a federal push against telephone scammers.

"This historic legislation will provide American consumers with even greater protection against annoying unsolicited robocalls," the White House Office of the Press Secretary said of the TRACED Act. "American families deserve control over their communications, and this legislation will update our laws and regulations to stiffen penalties, increase transparency, and enhance government collaboration to stop unwanted solicitation."

The move comes as part of crackdown against the targeting companies and individuals who have collectively placed more than 1 billion unwanted calls for financial schemes and other services. Monday's bill, which passed in the Senate in May and the House earlier this month, came following the Federal Communications Commission's announcement of a nationwide crackdown on illegal robocalls in June.

The legislation imposes stiffer fines of as much as $10,000 per call on robocallers who knowingly flout the rules on calls and instructs the FCC to develop further regulations that could shield consumers from unwanted calls.

It will also accelerate the rollout of so-called "call authentication" technologies the industry is currently developing, which could cut down on the number of calls coming from unverified numbers.

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