Senators Susan Collins (R-ME) and Amy Klobuchar (D-MN) sponsored Senate Bill 81, the Seniors Fraud Prevention Act of 2017. Both senators have spoken out about the need to protect seniors from fraud and scams. From Internet fraud to charity scams and Ponzi schemes, elderly citizens are often targeted. The intention of the Seniors Fraud Prevention Act would require the Federal Trade Commission (FTC) to coordinate with other agencies to best monitor for fraud schemes and to distribute information to seniors and their families about how to recognize and report scams.
Seniors Fraud Prevention Act Passes Senate
Without any objection or amendment, the Seniors Fraud Prevention Act passed the Senate on August 2. It was then referred to the House Committee on Energy and Commerce. The companion House Resolution 444, sponsored by Rep. Deutch (D-FL), remains with the House Subcommittee on Digital Commerce and Consumer Protection. It is now up to the House of Representatives to review the bill and determine whether it moves forward and whether it moves toward becoming law as is or with adjustments,