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HR 2978 Passed a chamber

Allows state, local, and Tribal law enforcement agencies to use certain federal grant funds to investigate elder financial fraud, pig butchering scams, and general financial fraud, and lets federal agencies help them use blockchain tracing tools.

Official title: GUARD Act

Next stop Senate: awaiting action
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced 21-APR-2025
Referred 21-APR-2025
Approved by committee 13-MAY-2026
Reported 24-JUN-2026
Passed 15-SEP-2026
Senate
Received 16-SEP-2026
Key points
  • Permits eligible federal grant funds to pay for analysts, training, software, and a financial sector liaison aimed at fraud and scam investigations
  • Requires grantees that use these funds to report the amount spent, related fraud statistics, and an assessment of their deterrence effect within one year
  • Directs the Treasury Department's Financial Crimes Enforcement Network to report to Congress on fraud and scam efforts and trends, with the first report due within one year and a recurring report every two years after the first
  • Allows federal law enforcement agencies to assist state, local, and Tribal agencies and fusion centers in using blockchain tracing tools
AI-generated from the Placed on Calendar Senate text of 16-SEP-2026 · verify · report an error
Official CRS summary

Covers an older version. The newest CRS summary describes the bill as of "Reported to House" (24-JUN-2026); the text has changed since (Engrossed in House, 15-SEP-2026).

CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov
Committee referrals (2) Policy area

Crime and Law Enforcement

Sponsor Zachary Nunn (R-IA) Cosponsors · 54
■ 30 R■ 24 D