The Crack Down on Senior Fraud is coming. U.S. Senators Susan Collins (R-ME), Chairman of the Senate Aging Committee, and Amy Klobuchar (D-MN) co-sponsored the Seniors Fraud Prevention Act, which the Senate Commerce Committee has approved. The bill is now awaiting review by the full Senate.
The Seniors Fraud Prevention Act (S. 512) would help protect seniors from scams by making it easier for people to report fraud and ensuring the right law enforcement agencies handle complaints quickly. The bill would also require the Federal Trade Commission (FTC), the agency in charge of dealing with consumer complaints will work with other agencies to keep an eye out for scams that target seniors.
Also, the bill would require the FTC to give seniors, their families, and their caregivers information about how to spot fraud schemes and get in touch with law enforcement if a senior is a target.
Earlier this year, Senator Collins released the Aging Committee’s 2019 Fraud Book in a hearing titled:”Fighting Elder Fraud: Progress Made, Work to be Done.“