,,ii ,cal5d> ,no4 #cag #aai? ,,congress #b;d ,session ,s4 #bedd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #cj1 #bjbe,mrs4 ,britt 7= h]self1 ,mrs4 ,gillibr&1 ,mr4 ,scott ( ,florida1 ,mr4 ,lank=d1 ,mr4 ,w>nock1 ,mr4 ,coons1 ,ms4 ,klobu*>1 ,mrs4 ,moody1 ,mr4 ,grassley1 & ,mr4 ,cruz7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ! ,judici>y ,febru>y #i1 #bjbf,report$ by ,mr4 ,grassley1 )\t am5dm5t ,a ,,bill ,to p]mit ,/ate1 local1 & ,tribal law en=cem5t ag5cies & grantees t receive eligible ,f$]al grant funds to use su* funds = inve/igat+ eld] f9ancial fraud1 pig but*]+1 & g5]al f9ancial fraud1 & to cl>ify t ,f$]al law en=cem5t ag5cies may assi/ ,/ate1 local1 & ,tribal law en=cem5t ag5cies 9 ! use ( trac+ tools = block*a9 & relat$ te*nology1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,gu>d+ ,unprotect$ ,ag+ ,retirees f ,deception ,act or ! ,,gu>d ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,eld] f9ancial fraud ,! t]m eld] f9ancial fraud means ! illegal or improp] use ( ! money1 prop]ty1 or o!r res\rces ( an eld]ly individual or adult ) a disability = monet>y or p]sonal b5efit1 pr(it1 or ga94 7#b7 ,eligible ,f$]al grant funds ,! t]m eligible ,f$]al grant funds means funds receiv$ "u any ( ! foll[+3 7,a7 ,title ,,iv ( ! ,prioritiz+ ,res\rces & ,organization = ,intellectual ,prop]ty ,act ( #bjjh 7#cd ,u4,s4,c4 #cjajc et seq47 7commonly kn[n z ! ,economic1 ,high-,te*nology1 ,:ite ,coll>1 & ,int]net ,crime ,prev5tion ,national ,tra9+ & ,te*nical ,assi/ance ,program71 includ+ relat+ to ! use ( te*nology to solve crimes & to facilitate prosecutions 7commonly kn[n z ! ,int]net ( ,?+s 7,io,t7 ,national ,tra9+ & ,te*nical ,assi/ance ,program74 7,b7 ,title #bh1 ,code ( ,f$]al ,regulations1 "p #bc 7commonly kn[n z ,ju/ice ,in=mation ,%>+ ,tra9+ & ,te*nical ,assi/ance ,program74 7,c7 ,section #adja ( ! ,viol5ce ,aga9/ ,wom5 ,act ,reau?orization ,act ( #bjbb 7#cd ,u4,s4,c4 #cjajg7 to a local law en=cem5t ag5cy = en=cem5t ( cyb]crimes aga9/ individuals4 7,d7 ,section #agja title ,i ( ! ,omnibus ,crime ,control & ,safe ,/reets ,act ( #aifh 7#cd ,u4,s4,c4 #ajcha71 relat+ to develop+ & acquir+ effective equipm5t1 te*nologies1 & int]op]able communications t assi/ 9 respond+ to & prev5t+ crime 7commonly kn[n z ! ,,cops ,te*nology & ,equipm5t ,program74 7#c7 ,g5]al f9ancial fraud ,! t]m g5]al f9ancial fraud means1 9 ord] to obta9 money or o!r ?+s ( value-- 7,a7 int5tional misrepres5tation ( in=mation or id5tity to deceive an individual2 7,b7 unlawful use ( a cr$it c>d1 debit c>d1 or automat$ tell] ma*9e2 or 7,c7 use ( electronic means to transmit deceptive in=mation4 7#d7 ,pig but*]+ ,! t]m pig but*]+ means a confid5ce & inve/m5t fraud 9 :i* ! victim is gradually lur$ into mak+ increas+ monet>y contributions1 g5]ally 9 ! =m ( cryptocurr5cy1 to a seem+ly s\nd inve/m5t be=e ! scamm] disappe>s ) ! contribut$ monies4 7#e7 ,scam ,! t]m scam means a f9ancial crime und]tak5 ?r\gh ! use ( social eng9e]+ t uses deceptive inducem5t to acquire-- 7,a7 au?oriz$ access to funds2 or 7,b7 p]sonal or s5sitive in=mation t c facilitate ! !ft ( f9ancial assets4 7#f7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 & ea* t]ritory ( ! ,unit$ ,/ates4 #c4 ,f$]al grants us$ = inve/igat+ eld] f9ancial fraud1 pig but*]+1 & g5]al f9ancial fraud 7a7 ,9 g5]al ,/ate1 local1 & ,tribal law en=cem5t ag5cies & grantees t receive eligible ,f$]al grant funds may use su* funds = inve/igat+ eld] f9ancial fraud1 pig but*]+1 & g5]al f9ancial fraud1 includ+ by-- 7#a7 hir+ & reta9+ analy/s1 ag5ts1 exp]ts1 & o!r p]sonnel2 7#b7 provid+ tra9+ specific to complex f9ancial inve/igations1 includ+ tra9+ on-- 7,a7 coord9ation & collaboration betwe5 ,/ate1 local1 ,tribal1 & ,f$]al law en=cem5t ag5cies2 7,b7 assi/+ victims ( f9ancial fraud & exploitation2 7,c7 ! use ( block*a9 intellig5ce tools & relat$ capabilities relat+ to em]g+ te*nologies id5tifi$ 9 ! ,febru>y #bjbd ,critical & ,em]g+ ,te*nology ,li/ ,update ( ! ,fa/ ,track ,action ,subcommittee on ,critical & ,em]g+ ,te*nologies ( ! ,national ,sci5ce & ,te*nology ,c\ncil 7! ,critical & ,em]g+ ,te*nology ,li/72 & 7,d7 unique aspects ( fraud inve/igations1 includ+ transnational f9ancial inve/igations & em]g+ te*nologies id5tifi$ 9 ! ,critical & ,em]g+ ,te*nology ,li/2 7#c7 obta9+ s(tw>e & te*nical tools to conduct f9ancial fraud & exploitation inve/igations2 7#d7 enc\rag+ improv$ data collection & report+2 7#e7 support+ tra9+ & tabletop ex]cises to enhance coord9ation & communication betwe5 f9ancial in/itutions & ,/ate1 local1 ,tribal1 & ,f$]al law en=cem5t ag5cies = ! purpose ( /opp+ fraud & scams2 & 7#f7 designat+ a f9ancial sector liaison to s]ve z a po9t ( contact = f9ancial in/itutions to %>e & ex*ange ) ,/ate1 local1 ,tribal1 & ,f$]al law en=cem5t ag5cies in=mation relevant to ! inve/igation ( fraud & scams4 7b7 ,report to grant provid] ,ea* law en=cem5t ag5cy & grantee t makes use ( eligible ,f$]al grant funds = a purpose specifi$ "u subsection 7a7 %all1 n lat] ?an #a ye> aft] mak+ su* use ( ! funds1 submit to ! ,f$]al ag5cy t provid$ ! eligible ,f$]al grant funds1 a report conta9+-- 7#a7 an explanation ( ! am\nt ( funds s us$1 & ! specific purpose = :i* ! funds 7 us$2 7#b7 /ati/ics ) respect to eld] f9ancial fraud1 pig but*]+1 & g5]al f9ancial fraud 9 ! jurisdiction ( ! law en=cem5t ag5cy1 along ) an analysis ( h[ ! use ( ! funds = a purpose specifi$ "u subsection 7a7 affect$ su* /ati/ics2 & 7#c7 an assessm5t ( ! ability ( ! law en=cem5t ag5cy to det] eld] f9ancial fraud1 pig but*]+1 & g5]al f9ancial fraud4 #d4 ,report on g5]al f9ancial fraud1 pig but*]+1 & eld] f9ancial fraud ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury & ! ,director ( ! ,f9ancial ,crimes ,en=cem5t ,network 9 consultation ) ! ,attorney ,g5]al1 ! ,secret>y ( ,homel& ,security1 & ! appropriate ,f$]al bank+ ag5cies & ,f$]al functional regulators %all1 jo9tly1 submit to ,congress a report on ef=ts & recomm5dations relat$ to g5]al f9ancial fraud1 pig but*]+1 eld] f9ancial fraud1 & scams4 #e4 ,report on ! /ate ( scams 9 ! ,unit$ ,/ates 7a7 ,9 g5]al ,n lat] ?an #b ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ! ,treasury & ! ,director ( ! ,f9ancial ,crimes ,en=cem5t ,network1 9 consultation ) ! ,attorney ,g5]al1 ! ,secret>y ( ,homel& ,security1 & ! appropriate ,f$]al bank+ ag5cies & ,f$]al functional regulators1 %all submit a report to ,congress on ! /ate ( scams 9 ! ,unit$ ,/ates t-- 7#a7 e/imates-- 7,a7 ! numb] ( f9ancial fraud1 pig but*]+1 eld] f9ancial fraud1 & scams committ$ aga9/ ,am]ican consum]s ea* ye>1 includ+-- 7i7 attempt$ scams1 includ+ ?r\gh social m$ia1 onl9e dat+ s]vices1 email1 imp]sonation ( f9ancial in/itutions & nonbank f9ancial in/itutions2 & 7ii7 successful scams1 includ+ ?r\gh social m$ia1 onl9e dat+ s]vices1 email1 imp]sonation ( f9ancial in/itutions & nonbank f9ancial in/itutions2 7,b7 ! numb] ( consum]s ea* ye> t lose money to #a or m scams2 7,c7 ! doll> am\nt ( consum] losses to scams ea* ye>2 7,d7 ! p]c5tage ( scams ea* ye> t c be attribut$ to-- 7i7 ov]seas actors2 & 7ii7 organiz$ crime2 7,e7 ! numb] ( attempt$ scams ea* ye> t involve ! imp]sonation ( phone numb]s associat$ ) f9ancial in/itutions & nonbank f9ancial in/itutions2 & 7,f7 an e/imate ( ! numb] ( syn!tic id5tities imp]sonat+ ,am]ican consum]s ea* ye>2 7#b7 provides an ov]view ( ! ,f$]al civil & crim9al en=cem5t actions br\ght aga9/ ! recipi5ts ( ! proce$s ( f9ancial fraud1 pig but*]+1 eld] f9ancial fraud1 & scams dur+ ! p]iod cov]$ by ! report t includes-- 7,a7 ! numb] ( su* en=cem5t actions2 7,b7 an evaluation ( ! effectiv5ess ( su* en=cem5t actions2 7,c7 an id5tification ( ! types ( claims br\ght aga9/ ! recipi5ts ( ! proce$s ( f9ancial fraud1 pig but*]+1 eld] f9ancial fraud1 & scams2 7,d7 an id5tification ( ! types ( p5alties impos$ ?r\gh su* en=cem5t actions2 7,e7 an id5tification ( ! types ( relief obta9$ ?r\gh su* en=cem5t actions2 & 7,f7 ! numb] ( su* en=cem5t actions t are connect$ to a ,suspici\s ,activity ,report2 & 7#c7 id5tifies am\nts made available & am\nts exp5d$ to address f9ancial fraud1 pig but*]+1 eld] f9ancial fraud1 & scams dur+ ! p]iod cov]$ by ! report by-- 7,a7 ! ,bureau ( ,consum] ,f9ancial ,protection2 7,b7 ! ,dep>tm5t ( ,ju/ice2 7,c7 ! ,f$]al ,bureau ( ,inve/igation2 7,d7 ! ,f$]al ,communications ,commission2 7,e7 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,bo>d2 7,f7 ! ,f$]al ,trade ,commission2 7,g7 ! ,f9ancial ,crimes ,en=cem5t ,network2 7,h7 ! ,securities & ,ex*ange ,commission2 & 7,i7 ! ,social ,security ,adm9i/ration4 7b7 ,solicitation ( public comm5t ,9 c>ry+ out ! report requir$ "u subsection 7a71 ! ,secret>y ( ! ,treasury %all solicit comm5ts f consum]s1 social m$ia companies1 email provid]s1 telecommunications companies1 f9ancial in/itutions1 & nonbank f9ancial in/itutions4 #f4 ,report to ,congress ,ea* ,f$]al ag5cy t provides eligible ,f$]al grant funds t are us$ = a purpose specifi$ "u section #c7;a7 %all issue an annual report to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 ! ,committee on ,f9ancial ,s]vices ( ! ,h\se ( ,repres5tatives1 ! ,committee on ! ,judici>y ( ! ,s5ate1 & ! ,committee on ! ,judici>y ( ! ,h\se ( ,repres5tatives conta9+ ! in=mation receiv$ f law en=cem5t ag5cies "u section #c7;b74 #g4 ,f$]al law en=cem5t ag5cies assi/+ ,/ate1 local1 & ,tribal law en=cem5t & fusion c5t]s ,f$]al law en=cem5t ag5cies may assi/ ,/ate1 local1 & ,tribal law en=cem5t ag5cies & fusion c5t]s 9 ! use ( trac+ tools = block*a9 & relat$ te*nology tools4 ,febru>y #i1 #bjbf,report$ )\t am5dm5t