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S. 15, Protecting Seniors from Emergency Scams Act (CBO Report for Congress)

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Congress 117th
Date Requested April 28, 2021
Requested By Senate Committee on Commerce, Science, and Transportation
Date Sent July 26, 2021
Description:
S. 15 would require the Federal Trade Commission (FTC) to report to the Congress on scams targeting senior citizens. The bill also would require the FTC to update its website to include the latest information on scams targeting seniors and work with media and law enforcement to distribute the latest information on such scams. Using information from the FTC, CBO estimates that implementing S. 15 would cost less than $500,000 over the 2021-2031 period; most of that cost would be for the report as the agency is generally meeting the other requirements. Any spending would be subject to the availability of appropriated funds.

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