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Van Hollen Reintroduced Bill to Protect Senior Citizens

May 29th, 2024 by WCBC Radio

U.S. Senator Chris Van Hollen has reintroduced legislation to help better protect seniors from financial securities fraud.

It is reported that older Americans lose almost $28 billion each year to financial exploitation.  Van Hollen’s bill – the Empowering States to Protect Seniors From Bad Actors Act, will provide grant funding to support investigation and prosecution of senior fraud cases and conduct outreach to increase scam awareness.