Lets local police use federal funds to investigate elder financial fraud, online scams, and other financial crimes.
This bill would let state, local, and Tribal police use certain federal grant money to investigate financial crimes like elder fraud and online scams. It would also clarify that federal agencies can help local police use special tools to trace money on blockchain technology. This aims to improve how these types of fraud are investigated and stopped.
Today, state, local, and Tribal law enforcement agencies may not have clear authority to use certain federal grant funds for investigating elder financial fraud, "pig butchering" scams, and general financial fraud. Also, federal help for blockchain tracing tools is not clearly spelled out. If signed into law, this bill would clearly allow these agencies to use specific federal grant funds for these investigations. It would also clarify that federal agencies can assist them with blockchain tracing tools. The bill would also require several new reports to Congress on the scope and impact of financial scams.
HR 2978 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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11 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.