Edith Shorougian Senior Victims of Fraud Compensation Act

Hozzl · 2022-03-02T16:21:34Z

Explore the details of Senate Bill 3487 Edith Shorougian Senior Victims of Fraud Compensation Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Crime and Law Enforcement. Stay informed on legislative developments.

3/2/2022, 4:21 PM

Congressional Summary of S 3487

Edith Shorougian Senior Victims of Fraud Compensation Act

This bill adds a new source of revenue for the Crime Victims Fund and expands the allowable use of victim compensation grant funds.

Specifically, the bill directs any monetary payment made to the federal government as a fine or penalty under a deferred prosecution agreement, non-prosecution agreement, or other settlement agreement in relation to an alleged criminal act to be deposited into the fund.

Additionally, the bill allows victim compensation grant funds to be used to compensate elderly victims for property loss resulting from financial fraud, abuse, or exploitation. Currently, victim compensation grant funds may not be used to compensation for property loss (with limited exceptions). An elderly victim is a victim who is at least 60 years of age.

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Current Status of Bill S 3487

Bill S 3487 is currently in the status of Bill Introduced since March 12, 2020. Bill S 3487 was introduced during Congress 116 and was introduced to the Senate on March 12, 2020. Bill S 3487's most recent activity was Read twice and referred to the Committee on the Judiciary. as of March 12, 2020

Bipartisan Support of Bill S 3487

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 3487

Primary Policy Focus

Crime and Law Enforcement

Potential Impact Areas

- Aging

- Crime victims

- Criminal investigation, prosecution, interrogation

- Criminal procedure and sentencing

- Fraud offenses and financial crimes

- Government trust funds

- Law enforcement administration and funding

Alternate Title(s) of Bill S 3487

Edith Shorougian Senior Victims of Fraud Compensation Act

A bill to amend the Victims of Crime Act of 1984 to provide for the compensation of elderly victims of property damage, to provide increased funding for the crime victim compensation fund, and for other purposes.