Klobuchar, Collins Reintroduce Seniors Fraud Prevention Act

U.S. Sens. Amy Klobuchar (D-Minn) and Susan Collins (R-Maine) reintroduced the Seniors Fraud Prevention Act last week, reports the Brainerd Dispatch . This marks the third time the bill has been proposed, and its goal is to help fight financial scams targeting seniors by directing the Federal Trade Commission to establish an office to educate them about fraud schemes while also improving the agency's monitoring and response to fraud complaints. "This bipartisan legislation is a critical step towards combating fraud targeting seniors by identifying scams and educating consumers to prevent more seniors from falling victim to these tactics," Klobuchar declared. Collins added that "raising awareness — particularly among older Americans who are more likely to be targeted by financial scams — is key to protecting seniors' hard-earned savings. The Seniors Fraud Prevention Act would help enhance fraud monitoring, increase consumer education, and strengthen the complaint tracking system to help prevent seniors from being robbed of their hard-earned savings through threatening and manipulative scams."