By Danny Yarnall
A bill aimed at protecting seniors from financial scams was recently introduced by U.S. Senators Amy Klobuchar (D-MN) and Jerry Moran (R-KS).
Presented on Thursday, May 21, 2020, The Protecting Seniors from Emergency Scams Act calls for the Financial Trade Commission (FTC) to submit a report to Congress on COVID-19 scams directed against older adults along with suggestions on how to stop such scams.
In a time where state and federal government efforts look to provide relief to its most at-risk citizens, scammers look to prey on seniors. The IRS sent out an alert in April warning against phishing scams, specifically those requiring confirmation of financial information to receive coronavirus stimulus checks.
“Now during the COVID-19 pandemic, these scammers are using fear and uncertainty to take advantage of our vulnerable populations,” Sen. Moran said in a statement.