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Increased Funding to Combat Financial Fraud, Especially Against Seniors

New regulations will allow local agencies to better combat financial fraud, including those targeting seniors and "pig butchering" scams. This means police and other agencies will have more money for training, tools, and hiring experts, which should increase citizens' financial security.
Key points
Local agencies can use federal funds to investigate financial fraud, including elder fraud and "pig butchering" investment scams.
Funds can be used for hiring specialists, training in advanced investigative techniques (including blockchain), and purchasing software.
Cooperation between financial institutions and law enforcement will be strengthened to respond more quickly to fraud.
The government will regularly report on the scale of financial fraud in the U.S. and the effectiveness of anti-fraud efforts.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2978
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2025-04-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

GUARD Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2978.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-21.

What are the main provisions?

Key points include:

  • Local agencies can use federal funds to investigate financial fraud, including elder fraud and "pig butchering" investment scams.
  • Funds can be used for hiring specialists, training in advanced investigative techniques (including blockchain), and purchasing software.
  • Cooperation between financial institutions and law enforcement will be strengthened to respond more quickly to fraud.
  • The government will regularly report on the scale of financial fraud in the U.S. and the effectiveness of anti-fraud efforts.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Nunn, Zachary [R-IA-3].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Courts and Law Security Economy