House Passes Bipartisan GUARD Act to Protect Seniors from Financial Fraud and Scammers

The U.S. House of Representatives passed the bipartisan Guarding Unprotected Aging Retirees from Deception Act (H.R. 2978), co-led by Congressman Josh Gottheimer, to combat financial fraud and scams targeting seniors, including "pig butchering" cryptocurrency schemes. The legislation empowers state, local, and Tribal law enforcement to use federal grant funds for investigations and clarifies that federal agencies can assist with blockchain-tracing tools. The bill now moves to the Senate.