GUARD Act
Sponsored By: Senator Katie Britt
In Committee
Summary
Expands federal grant use to investigate elder financial fraud and online investment scams. It would let state, local, and Tribal agencies use specified federal grant programs to probe elder financial fraud, pig butchering, and other general financial scams, while authorizing federal help with blockchain tracing and requiring national reporting.
Show full summary
- Seniors and adults with disabilities: Could see more investigatory resources aimed at elder financial fraud and pig butchering.
- State, local, and Tribal law enforcement: Would be allowed to use four named federal grant programs to fund investigations, technology, and training for these frauds.
- Federal oversight and reporting: Requires a joint Treasury and Financial Crimes Enforcement Network report to Congress within 1 year and a comprehensive State-of-Scams report within 2 years.
- Investigations and technology: Authorizes federal law enforcement to assist local agencies and fusion centers with blockchain tracing tools and related technology.
*Uses existing federal grant funds rather than creating new appropriations, so it is not expected to add new federal spending.*
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
More fraud-fighting help for seniors
This bill would let State, local, and Tribal law enforcement use certain existing federal grant funds to investigate elder financial fraud, pig butchering, and other scams. It would let grantees hire analysts and agents, buy software and tracing tools, run specialized training, and name a financial-sector liaison. The bill would define "elder financial fraud" and "pig butchering," which covers seniors and adults with disabilities. It would also allow Federal law enforcement to assist subnational agencies and fusion centers with blockchain tracing tools. These changes would apply only to the listed grant programs and would take effect upon enactment.
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Sponsors & CoSponsors
Sponsor
Katie Britt
AL • R
Cosponsors
Kirsten Gillibrand
NY • D
Sponsored 7/30/2025
Rick Scott
FL • R
Sponsored 7/30/2025
Sen. Lankford, James [R-OK]
OK • R
Sponsored 12/11/2025
Raphael Warnock
GA • D
Sponsored 12/11/2025
Sen. Coons, Christopher A. [D-DE]
DE • D
Sponsored 2/4/2026
Amy Klobuchar
MN • D
Sponsored 2/4/2026
Ashley Moody
FL • R
Sponsored 2/5/2026
Chuck Grassley
IA • R
Sponsored 2/5/2026
Ted Cruz
TX • R
Sponsored 2/5/2026
Roll Call Votes
No roll call votes available for this bill.
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