Leawood, Kan. – June 10, 2020: The Stop Seniors Scam Act, U.S. Senate Bill 149, co-sponsored by Senator Jerry Moran (Kansas) and Senator Robert Casey, Jr. (Pennsylvania) was introduced on January 16, 2019 and passed by the Senate on June 10, 2020. The bill creates a Senior Scams Prevention Advisory Group which is tasked with developing model educational materials to assist in the education of employees of retailers, financial-services companies, and wire transfer companies on how to identify and prevent scams that affect seniors.
The advisory group will be comprised of members of the Federal Trade Commission (FTC); U.S. Secretary of the Treasury; the U.S. Attorney General; the U.S. Bureau of Consumer Financial Protection; and no more than two representatives (to be selected by the FTC chairman) from each of the following sectors, including trade associations: gift card, retail, telecommunications, wire transfer services, consumer advocacy organization, senior peer advocates, financial services, and prepaid cards; a member of the Board of Governors of the Federal Reserve System; a prudential regulator; the director of the Financial Crimes Enforcement Network; and any other federal , state or local agency, industry representative, consumer advocate, or entity, as determined by the FTC chairman.
The House of Representatives has a companion Bill HR 2610, under the same name, sponsored by Representative Lisa Blunt Rochester, (Delaware) which was introduced May 9, 2019 and referred to the Subcommittee on Consumer Protection and Commerce.
Link to Text of Bill
About Bill Status:
Senate Bill 149 was introduced on January 16, 2020 and passed by the Senate on June 10, 2020. Its companion Bill HR 2610 was introduced on May 9, 2019 and was referred to the Subcommittee on Consumer Protection and Commerce where it currently sits.
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