Sponsors (10)
Introduced July 30, 2025 by Katie Boyd Britt · Last progress July 30, 2025
The bill strengthens law‑enforcement capacity, coordination, and consumer protections against modern online and crypto scams—particularly helping seniors—at the cost of increased government spending, administrative burdens, potential resource shifts away from non‑law‑enforcement victim services, and heightened privacy and tribal‑sovereignty risks if safeguards and clear limits are not specified.
Seniors, adults with disabilities, and other consumers gain clearer statutory definitions and targeted prevention efforts that better address modern online scams (including 'pig butchering' and cryptocurrency‑enabled fraud), improving detection and reducing victimization.
State, local, Tribal, and fusion‑center law enforcement can access federal technical assistance, hire analysts/specialists, and obtain tools/training (including blockchain tracing) to investigate and prosecute complex financial and crypto‑enabled crimes more effectively.
Federal agencies, regulators, and financial institutions will get consolidated recommendations, data, and reporting that improve coordination, provide aggregated estimates of scams and losses, and enable more targeted anti‑fraud policies and industry practices.
Uptick in federal grant‑eligible activities and required reporting will increase federal and local administrative spending, raising costs for taxpayers.
Expanded use of advanced investigative tools, blockchain analytics, and broader data‑sharing — plus wider publication of consolidated reports — creates substantial privacy and civil‑liberties risks for victims, residents, and users if safeguards and redaction standards are not specified.
Broad or ambiguous statutory definitions of fraud and scams risk overreach or uneven enforcement that could sweep in legitimate conduct or create uncertainty for businesses and consumers.
Based on analysis of 7 sections of legislative text.
Permits use of specified existing Federal grant funds to investigate and combat elder-targeted scams and other financial fraud, and requires multiple reports to Congress on scam scope and responses.
Allows State, local, and Tribal law enforcement and grant recipients to use specified existing Federal grant funds to investigate and combat elder financial fraud, “pig butchering” investment scams, and other general financial fraud. Requires grantees to report how funds were used and the effects; orders multiple Federal reports to Congress estimating scam scope, losses, enforcement actions, and fund flows; and directs Federal agencies to share information and may assist with blockchain-tracing tools.