House Passes Bipartisan Walberg Bill to Protect Seniors from Scams
Washington, D.C.—Today, the U.S. House of Representatives passed H.R. 1215, the Fraud and Scam Reduction Act, legislation authored by Representatives Tim Walberg (R-MI) and Lisa Blunt Rochester (D-DE). The bipartisan bill will improve the Federal Trade Commission’s (FTC) prevention and response efforts against senior fraud and scams through enhanced coordination with key industries, consumer advocacy groups, appropriate law enforcement agencies, and consumers. Click here to watch Walberg’s remarks on the House floor.
“Seniors have worked hard to earn every penny of their savings and far too often scammers try to take advantage of them. Amid the COVID-19 pandemic, many bad actors unfortunately were able to capitalize on panic and confusion to prey on the most vulnerable,” said Walberg. “With our bill, we are one step closer to cracking down on these fraudulent financial schemes before it’s too late. I thank Rep. Blunt Rochester for her bipartisan work on this legislation, and I hope to finally see it get signed into law to help better protect our nation’s seniors.”