Lets state, local, and Tribal police and grantees 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.

• Allows state, local, and Tribal law enforcement to use eligible federal grant funds for hiring staff, specialized training, software, and tools to investigate elder financial fraud, pig butchering, and general financial fraud.
• Requires agencies that use these funds to report to the federal grant provider within one year on how the money was spent, local fraud statistics, and their ability to deter fraud.
• Requires the Treasury Department's Financial Crimes Enforcement Network to report to Congress within one year on efforts against scams, and within two years on the national scope of scams, losses, and enforcement actions.
• Clarifies that federal law enforcement agencies may assist state, local, Tribal, and fusion center personnel in using blockchain tracing tools.

• Judiciary Committee (Senate)

Crime and Law Enforcement