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More funds to combat financial fraud, including blockchain tracing.

This new law aims to better protect citizens from financial scams, such as elder fraud and investment schemes. Local agencies will be able to use federal funds for training and tools to track criminals, including those using cryptocurrencies. This means greater security for your money and data.
Key points
Local agencies will receive funds to combat financial fraud, including hiring experts and purchasing specialized software.
Cooperation between various agencies and financial institutions will be strengthened to detect and stop scams faster.
The act will allow the use of modern tools to trace cryptocurrency transactions, making it harder for criminals to hide stolen money.
The government will prepare reports on the scale of scams in the U.S., which will help in better planning preventive actions and prosecuting criminals.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2544
Sponsor: Sen. Britt, Katie Boyd [R-AL]
Process start date: 2025-07-30
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_S_2544.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-30.

What are the main provisions?

Key points include:

  • Local agencies will receive funds to combat financial fraud, including hiring experts and purchasing specialized software.
  • Cooperation between various agencies and financial institutions will be strengthened to detect and stop scams faster.
  • The act will allow the use of modern tools to trace cryptocurrency transactions, making it harder for criminals to hide stolen money.
  • The government will prepare reports on the scale of scams in the U.S., which will help in better planning preventive actions and prosecuting criminals.
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 Sen. Britt, Katie Boyd [R-AL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Security Economy