S 2544
GUARD Act
Summary
Guarding Unprotected Aging Retirees from Deception Act or the GUARD Act This bill allows state, local, and tribal law enforcement agencies and grantees that receive funds from certain law enforcement grant programs to use the funds to investigate general financial fraud, elder financial fraud, and pig butchering. Pig butchering refers to a confidence and investment fraud in which a victim is gradually lured into transferring increasing amounts of money, generally in the form of cryptocurrency, into a fake virtual investment. The bill allows federal law enforcement agencies to assist state, local, and tribal law enforcement agencies and fusion centers in the use of tracing tools for blockchain and related technology tools. Finally, the bill requires the Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN) to report on efforts and recommendations related to general financial fraud, elder financial fraud, pig butchering, and scams. The bill also requires Treasury and FinCEN to report on the state of scams in the United States, including information about crimes committed, federal civil and criminal enforcement actions, and federal efforts to address the crimes.
Bill status
- Status
- Reported
- Sponsor
- Sen. Katie Boyd Britt [R-AL]
- Cosponsors
- 11
- Policy area
- Crime and Law Enforcement
- Introduced
- 2025-07-30
- Latest action
- 2026-02-09: Placed on Senate Legislative Calendar under General Orders. Calendar No. 317.
Committee referrals
Recent actions
- 2026-02-09: Placed on Senate Legislative Calendar under General Orders. Calendar No. 317.
- 2026-02-09: Committee on the Judiciary. Reported by Senator Grassley without amendment. Without written report.
- 2026-02-09: Committee on the Judiciary. Reported by Senator Grassley without amendment. Without written report.
- 2026-02-05: Committee on the Judiciary. Ordered to be reported without amendment favorably.
- 2025-07-30: Read twice and referred to the Committee on the Judiciary.