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Empowering States to Protect Seniors from Financial Fraud

This act aims to protect individuals aged 62 and older from financial fraud. It establishes a grant program for states to hire staff, train law enforcement, and educate seniors, which will help detect, prosecute, and prevent fraud. This will make seniors safer and better protect their finances.
Key points
States will receive funds to hire specialists to combat financial fraud targeting seniors.
Grant money will be used for training police and prosecutors, and for equipment to detect fraud.
The act provides funds for educating seniors to increase their awareness of threats and help them avoid scams.
Financial fraud includes unauthorized use of a senior's resources for monetary gain or depriving them of access to their assets.
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Additional Information
Print number: 117_S_3529
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2022-01-20