GUARD Act
Sponsored By: Senator Katie Britt
In Committee
Summary
Expands use of federal grant funds to let State, local, and Tribal law enforcement investigate elder financial fraud, pig butchering, and other scams. It also clarifies that Federal agencies can assist those jurisdictions with blockchain tracing and related technologies.
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- State, local, and Tribal law enforcement: Eligible grant funds may be used to hire and retain staff, buy investigation software, and pay for specialized training on blockchain intelligence, victim assistance, and transnational investigations.
- Older adults and victims: Directs funding and training toward detecting and responding to elder financial fraud and pig butchering, and includes training on victim assistance for improved support.
- Federal oversight and national data: Treasury and the Financial Crimes Enforcement Network must report to Congress within 1 year and deliver a comprehensive State-of-Scams report within 2 years that estimates losses, summarizes enforcement actions, and lists agency funding and expenditures.
- Financial sector coordination and tools: Grants can fund tabletop exercises and a designated financial sector liaison to share information with banks, and federal agencies may help use blockchain tracing tools and support fusion centers.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
National scams reports and data
If enacted, the Treasury Secretary and the FinCEN Director would jointly give Congress a report within one year on efforts and recommendations to fight general financial fraud, pig butchering, elder fraud, and scams. Not later than two years after enactment they would send a broader 'State of Scams' report estimating attempted and successful frauds, number of victims, dollar losses, overseas or organized-crime links, impersonation and synthetic-identity estimates, summaries of federal enforcement actions, and amounts made available and spent by many federal agencies. Treasury must seek public comments from consumers and tech and financial companies when preparing the State of Scams report.
More fraud-fighting tools for local police
If enacted, State, local, and Tribal law enforcement that get certain federal grants would be able to use that money to investigate elder financial fraud, pig butchering, and other financial scams. They would be allowed to hire analysts and agents, buy software and blockchain tracing tools, get specialized training, and name a financial-sector liaison. Federal agencies would be allowed to assist local agencies and fusion centers with blockchain and related tracing tools. The bill would define the covered fraud types and which grants qualify, and agencies using funds would have to report to the grant provider within one year about amounts, uses, fraud statistics, and deterrence assessments.
Sponsors & CoSponsors
Sponsor
Katie Britt
AL • R
Cosponsors
Sen. Gillibrand, Kirsten E. [D-NY]
NY • D
Sponsored 7/30/2025
Sen. Scott, Rick [R-FL]
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
Sen. Moody, Ashley [R-FL]
FL • R
Sponsored 2/5/2026
Sen. Grassley, Chuck [R-IA]
IA • R
Sponsored 2/5/2026
Sen. Cruz, Ted [R-TX]
TX • R
Sponsored 2/5/2026
Roll Call Votes
No roll call votes available for this bill.
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