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S. 2544119th Congress
S. 2544
The plain-language version leads. The official text is always the reference.
The GUARD Act lets local police redirect existing federal grants to investigate elder fraud and crypto "pig butchering" scams.
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The GUARD Act allows state, local, and tribal law enforcement to use existing federal grant money to investigate elder financial fraud, "pig butchering" cryptocurrency scams, and general financial fraud. Funds could cover fraud investigators, staff training, crypto-tracing software, and bank liaison positions. It also lets federal agencies like the FBI help local police use blockchain tracing tools, and requires federal reports to Congress on scam scope and losses.
State, local, and tribal law enforcement agencies; older adults and the general public targeted by scams; banks, Treasury, FBI, FTC, and other federal regulators.
Agencies using funds this way must report on spending and results, adding accountability requirements. Federal agencies gain new coordination and reporting duties tied to tracking financial scams nationwide.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it's on the Senate floor calendar. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 317.