HR 370

112th CONGRESS
1st Session

H. R. 370

To require financial institutions to offer services to protect seniors from affinity scams, to report suspected affinity scams, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 20, 2011

Mr. BACA introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To require financial institutions to offer services to protect seniors from affinity scams, to report suspected affinity scams, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. FINDINGS.

SEC. 3. DEFINITIONS.

SEC. 4. AFFINITY SCAM EDUCATION AND TRAINING.

SEC. 5. SENIOR PROTECTION ACCOUNTS.

SEC. 6. ADDING AFFINITY SCAMS TARGETING SENIORS TO THE SUSPICIOUS TRANSACTION REPORTING REQUIREMENT.

SEC. 7. EFFECTIVE DATE.

END