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Edith Shorougian Senior Victims of Fraud Compensation Act
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.
Read the Full Bill
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
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
6Democrat Cosponsors
3Republican Cosponsors
3Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 3487
Primary Policy Focus
Crime and Law EnforcementPotential 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
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.
Comments
Sponsors and Cosponsors of S 3487
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