GovTrack’s Bill Summary
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H.R. 3040 (111th): Senior Financial Empowerment Act of 2010
- Introduced:
- Jun 25, 2009 (111th Congress, 2009–2010)
- Sponsor:
- Rep. Tammy Baldwin [D-WI2]
- Status:
- Died (Passed House)
- See Instead:
- This bill was re-introduced as H.R. 4846 (112th) on Apr 26, 2012.
The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
7/29/2010--Passed House amended.
Senior Financial Empowerment Act of 2010 - Requires the Federal Trade Commission (FTC):
(1) to disseminate to seniors and their caregivers information on mail, telemarketing, and Internet fraud targeting seniors;
(2) in response to a request about fraud committed by a particular entity or individual, to provide to the requester publicly available information on any record of civil or criminal law enforcement action against such individual or entity for fraud; and
(3) to maintain a website as an information resource for seniors and their caregivers regarding Internet fraud.
Authorizes FY2011-FY2015 appropriations.
Directs the Attorney General to establish a grant program for mail, telemarketing, and Internet fraud prevention education programs for senior citizens.
Makes such grants available to state and local law enforcement agencies, senior centers, and local nonprofit organizations that provide assistance to seniors.
Authorizes FY2011-FY2015 appropriations.
Expresses the sense of Congress:
(1) with respect to public awareness of the impact of such fraud on senior citizens; and
(2) that a week in May should be designated as National Senior Fraud Awareness Week.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
This summary can be found at http://www.gop.gov/bill/111/2/hr3040.
Background
The Congressional Budget Office has not produced a cost estimate for H.R. 3040 as of press time. However, the bill authorizes $150 million over five years for a new grant program and for an FTC website.
Summary
H.R. 3040 would require the Federal Trade Commission (FTC) to do the following:
- Disseminate to seniors and families and caregivers of seniors general information on mail, telemarketing, and Internet fraud targeting seniors, including descriptions of the most common fraud schemes;
- Disseminate to seniors and families and caregivers of seniors information on means of referring complaints of fraud targeting seniors to appropriate law enforcement agencies, including the Director of the Federal Bureau of Investigation, the attorneys general of the States, and a national toll-free telephone number for reporting mail, telemarketing, and Internet fraud established by the Federal Trade Commission;
- Provide publicly available information on any record of civil or criminal law enforcement action for such fraud if requested; and
- Maintain a website as a resource for such individuals on those kinds of fraud.
The bill directs the Federal Trade Commission to establish a website to serve as a resource for seniors on financial fraud and authorizes $10,000,000 per year from FY10 through FY14 to carry out these provisions.
The bill also directs the Attorney General to create a new competitive grant program for mail, telemarketing, and Internet fraud prevention education programs for senior citizens. The bill would allow the Attorney General to award grants to State Attorneys General, State and local law enforcement agencies and groups, senior centers, and other local nonprofit organizations that provide assistance to seniors, as determined by the Attorney General. The bill authorizes $20 million for each of the fiscal years 2010 through 2014 for this grant program
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.