Bills · HR 2978
PASSED HOUSE· 119TH CONGRESS
House BillHR 2978Fraud offenses and financial crimesEmployment and training programs
GUARD Act
INTRO APR 21· LAST ACTION SEP 15
READING
7MIN
COSPONSORS
54BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 4 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenFinancial fraud is a growing problem, often targeting vulnerable populations and evolving with new technologies like cryptocurrency. This bill matters because it directly addresses these challenges by empowering local police departments with more resources and expertise to combat sophisticated scams. If it becomes law, it could lead to more effective investigations, potentially fewer victims, and better chances of recovering stolen money.
If this bill does not pass, local law enforcement agencies might continue to struggle with the resources and specialized training needed to tackle these complex and often transnational financial crimes, potentially leaving victims with less recourse and allowing these types of fraud to persist or increase.
KEY PROVISIONS
4AI-extractedPROVISION 01
Allows State, local, and Tribal law enforcement agencies to use specific Federal grant funds for investigating elder financial fraud, pig butchering, and general financial fraud, including for hiring, training, and obtaining software.
Gives local law enforcement more tools and resources to fight complex financial crimes directly.
PROVISION 02
Clarifies that Federal law enforcement agencies can assist State, local, and Tribal agencies with tracing tools for blockchain and related technologies.
Enhances the ability of local agencies to follow money trails in cryptocurrency-related scams, which are increasingly common.
PROVISION 03
Requires law enforcement agencies using these funds to report to the federal grant provider on how the funds were used, their impact on fraud statistics, and the agency's ability to deter fraud.
Ensures accountability for how federal funds are spent and provides data on the effectiveness of anti-fraud efforts.
PROVISION 04
Requires the Treasury and FinCEN, in consultation with other federal agencies, to submit two reports to Congress: one on efforts and recommendations related to various financial frauds and scams, and another on the overall state of scams in the United States.
Provides Congress with a comprehensive understanding of the scope of financial fraud and identifies areas for future policy improvements.
SPONSORSHIP
1 + 54
R· Iowa
YRS IN OFFICE
3
BILLS LED
61
COSPONSOR BREAKDOWNBIPARTISAN · 88%
DEM 24 REP 30 IND 0
ACTION TIMELINE
15 EVENTSSEP 15
Considered as unfinished business.
SEP 15
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 7 (Roll no. 301).
SEP 15
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 7 (Roll no. 301). (text: CR H5602-5603)
SEP 15
Motion to reconsider laid on the table Agreed to without objection.
BILL INFO
TypeHouse Bill
NumberHR 2978
Congress119th
StatusPassed House
IntroducedApr 21, 2025
Last actionSep 15, 2026
READER REACTIONS
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PASSED HOUSE· 119TH CONGRESS · JUDICIARY COMMITTEE · INTRODUCED APR 21, 2025
House BillHR 2978Fraud offenses and financial crimesEmployment and training programs
GUARD Act
INTRODUCED APR 21, 2025· LAST ACTION SEP 15, 2026
PASSAGE CHANCES
—%
READING
7 min
COSPONSORS
54
COMPLEXITY
Moderate
