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                    119TH CONGRESS                                      REPT.119-709
                       2d Session   J HOUSE   OF REPRESENTATIVES            Part 1







                       GUARDING UNPROTECTED AGING RETIREES FROM
                                       DECEPTION ACT OF 2026




                                       JUNE 24, 2026.-Ordered to be printed




                     Mr. HILL  of Arkansas, from the Committee  on Financial Services,
                                          submitted  the following



                                             REPORT


                                           [To accompany H.R. 2978]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee  on  Financial Services, to whom  was referred the
                    bill (H.R. 2978) to permit State, local, and Tribal law enforcement
                    agencies that receive eligible Federal grant funds to use such funds
                    for investigating elder financial fraud, pig butchering, and general
                    financial fraud, and to clarify that Federal law enforcement  agen-
                    cies may  assist State, local, and Tribal law enforcement  agencies
                    in the use  of tracing tools for blockchain and related technology,
                    and  for other purposes, having considered the same,  reports favor-
                    ably thereon with  an amendment   and  recommends   that the bill as
                    amended   do pass.

                                                 CONTENTS

                                                                                    Page
                    Purpose and Sum m ary  ........................................................................................... .  4
                    Background and Need for Legislation  ....................................................................  4
                    Com m ittee  Consideration  ........................................................................................  4
                    R elated H earings  .....................................................................................................  5
                    C om m ittee  V otes  .....................................................................................................  5
                    Com m ittee  Oversight Findings  ...............................................................................  9
                    Perform ance Goals  and  Objectives  .........................................................................  9
                    Com m ittee  Cost  Estim ate  .......................................................................................  9
                    New Budget Authority and CBO Cost Estimate ...................................................  9
                    Unfunded M andates Statem ent  ..............................................................................  11
                    Earm ark Statem ent  ................................................................................................  11
                    Federal Advisory  Committee Act Statement     .........................................................  12
                    Applicability  to  the  Legislative  Branch  .................................................................  12
                    Duplication of Federal Program s  ...........................................................................  12
                    Section-by-Section  Analysis of the  Legislation  .....................................................  12
                    Changes in Existing Law Made by the Bill, as Reported .................            13
                    Documents Included by Unanimous Consent ........................................................  14
                       69-006