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H.R. 2978 House Crime and Law Enforcement

GUARD Act

Introduced
Apr 21, 2025
Sponsor
Rep. Nunn, Zachary (R-IA-3)
View on Congress.gov

STAGE 2 OF 8 — COMMITTEE CONSIDERATION

Currently in the House. Last action: reported (amended) by the committee on financial services. h. rept. 119-709, part i on Jun 24, 2026.

  1. House Introduced in House Apr 21, 2025
  2. House Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Apr 21, 2025
  3. House Committee Consideration and Mark-up Session Held May 13, 2026
  4. House Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0. May 13, 2026
  5. House Reported (Amended) by the Committee on Financial Services. H. Rept. 119-709, Part I. Jun 24, 2026

Cosponsors

51

Subjects

Advanced technology and technological innovationsCongressional oversightCrime victimsCriminal investigation, prosecution, interrogationEmployee hiringEmployment and training programsFraud offenses and financial crimesGovernment information and archivesIntergovernmental relationsLaw enforcement administration and funding

Committees

  • Financial Services Committee
    • [Reported By, Jun 24, 2026]
    • [Markup By, May 13, 2026]
    • [Referred To, Apr 21, 2025]
  • Judiciary Committee
    • [Referred To, Apr 21, 2025]

Summary

Guarding Unprotected Aging Retirees from Deception Act of 2026 or the GUARD Act of 2026This bill allows state, local, and tribal law enforcement agencies and grantees that receive funds from certain law enforcement grant programs to use the funds to investigate general financial fraud, elder financial fraud, and pig butchering. Pig butchering refers to a confidence and investment fraud in which a victim is gradually lured into transferring increasing amounts of money, generally in the form of cryptocurrency, into a fake virtual investment. The bill allows federal law enforcement agencies to assist state, local, and tribal law enforcement agencies and fusion centers in the use of tracing tools for blockchain and related technology tools.Finally, the bill requires the Financial Crimes Enforcement Network (FinCEN) to report on efforts to combat general financial fraud, elder financial fraud, pig butchering, and scams, including an evaluation of any legislative recommendations to improve the efforts. The bill also requires FinCEN to report on the state of general financial fraud, elder financial fraud, pig butchering, and scams in the United States, including trends in the crimes.

[Summary as of: Reported to House]

Bill Text

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