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Protecting Military and Veterans from Financial Fraud

This act establishes a special task force to protect service members, veterans, and their families from financial fraud. Its purpose is to identify and combat new fraud methods increasingly targeting this group, thereby enhancing their financial security.
Key points
Creation of an interagency task force to combat financial fraud targeting military personnel and veterans.
The task force will analyze new types of fraud, such as investment scams and pension poaching, and develop recommendations for federal agencies.
The act aims to reduce financial losses incurred by service members and veterans, which have significantly increased in recent years.
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Additional Information
Print number: 117_HR_8321
Sponsor: Rep. Lynch, Stephen F. [D-MA-8]
Process start date: 2022-07-11