Grassley introduces legislation to combat senior fraud

Senate Judiciary Committee Chairman Chuck Grassley has introduced comprehensive legislation to combat financial fraud against seniors. The bipartisan Elder Abuse Prevention and Prosecution Act (S. 3270) expands education, prevention and prosecution tools to reduce crimes against seniors.

The bill would increase training for federal investigators and prosecutors and equips each judicial district with at least one prosecutor having expertise with elder abuse cases, and establish an elder justice coordinator within the Federal Trade Commission's Bureau of Consumer Protection, among other provisions. An estimated 6 million Americans over the age of 60 fall victim to abuse or exploitation each year, and many of those crimes go unreported. Financial crimes targeting seniors robs them of at least $2.9 billion annually.

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Grassley introduces legislation to combat senior fraud