Designating National Senior Fraud Awareness Day

Floor Speech

BREAK IN TRANSCRIPT

Ms. KAPTUR. Mr. Speaker, I rise today to advocate for the designation of May 15 as National Senior Fraud Awareness Day.

This bipartisan resolution we are introducing aims to draw attention to the alarming increase in fraudulent schemes targeting seniors across the United States.

In 2023 alone, individuals over 60 reported losses totaling nearly $2 billion from various forms of fraud spanning all 50 States.

Senior fraud is not merely a regional concern. It is a pervasive national challenge that demands our collective attention. We must collaborate to implement effective policies and measures aimed at preventing these scams to protect our seniors from financial exploitation.

One of the major obstacles to combating senior fraud is the significant underreporting of incidents. Many victims hesitate to come forward due to feelings of shame, stigma, and a lack of awareness regarding where to report such crimes.

By designating May 15 as National Senior Fraud Awareness Day, we can raise public awareness, empower seniors with knowledge, and provide them with the resources they need to report fraud effectively.

Mr. Speaker, I urge my colleagues on both sides of the aisle to join us in our bipartisan effort to end fraud against seniors.

BREAK IN TRANSCRIPT

Source