Discussion · House of Representatives
Brad Sherman Democrat
“I want the House to pass this bill. Criminals use crypto to scam people, especially older adults and domestic violence survivors. This bill lets local, state, and tribal police use federal grant money to investigate these frauds without taking funds away from other programs.”
“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, the GUARD Act allows State, local, and Tribal law enforcement agencies to use certain Federal grant programs to investigate senior financial fraud, romance schemes, and general financial fraud. There are two points that I made in my earlier statement that I will reiterate. The first is that crypto has facilitated frauds and scams, and it is necessary that we give law enforcement the tools to react to that. The second is that while this is a very worthwhile bill, we do need to clarify that the GUARD Act overlaps and augments, doesn’t steal from, the funds mentioned in the bill. It can help victims and survivors of domestic violence, among others, as they are targeted by fraudsters and scammers. Mr. Speaker, I urge my colleagues to support the bill, and I yield back the balance of my time.”
Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, the GUARD Act allows State, local, and Tribal law enforcement agencies to use certain Federal grant programs to investigate senior financial fraud, romance schemes, and general financial fraud. There are two points that I made in my earlier statement that I will reiterate. The first is that crypto has facilitated frauds and scams, and it is necessary that we give law enforcement the tools to react to that. The second is that while this is a very worthwhile bill, we do need to clarify that the GUARD Act overlaps and augments, doesn’t steal from, the funds mentioned in the bill. It can help victims and survivors of domestic violence, among others, as they are targeted by fraudsters and scammers. Mr. Speaker, I urge my colleagues to support the bill, and I yield back the balance of my time.