This week, I joined a bipartisan group of colleagues in supporting the GUARD Act, a bill designed to crack down on financial fraud scams that are increasingly targeting older Americans. Criminals are using new and sophisticated tactics to deceive retirees, often luring them into fake investment opportunities before stealing their life savings. In 2022 alone, these schemes resulted in more than $1 billion in reported losses, with seniors bearing the brunt of the harm.
The GUARD Act will give state and local law enforcement the tools they need to investigate these crimes. Right now, many of these cases never get fully investigated because local departments are overwhelmed and lack the resources or technical capability to pursue them. This bill ensures they are no longer left on their own and can work hand-in-hand with federal partners when needed.
I’m proud to support this bipartisan effort because no retiree should lose their hard-earned savings to criminals hiding behind a screen. Protecting Wisconsin seniors and holding fraudsters accountable will always be a top priority for me.
📖 For more information on the GUARD Act, click HERE.