GUARD Act aims to combat elder financial fraud and scams by enabling state, local, and tribal law enforcement to use federal grants for.

The Guarding Unprotected Aging Retirees from Deception Act, or GUARD Act, allows state, local, and tribal law enforcement agencies that receive federal grants to investigate elder financial fraud, pig butchering, and general financial fraud. The bill also clarifies that federal law enforcement agencies can assist in using blockchain and related technology tools. It mandates reports to Congress on the state of scams, including statistics on fraud and consumer losses. Federal agencies providing grants must also issue annual reports detailing funds used for these investigations.

GUARD Act aims to combat elder financial fraud and scams by enabling state, local, and tribal law enforcement to use federal grants for.

The Guarding Unprotected Aging Retirees from Deception Act, or GUARD Act, allows state, local, and tribal law enforcement agencies that receive federal grants to investigate elder financial fraud, pig butchering, and general financial fraud. The bill also clarifies that federal law enforcement agencies can assist in using blockchain and related technology tools. It mandates reports to Congress on the state of scams, including statistics on fraud and consumer losses. Federal agencies providing grants must also issue annual reports detailing funds used for these investigations.