Empowering States to Protect Seniors from Bad Actors Act

HR 8478, the Empowering States to Protect Seniors from Bad Actors Act, creates a federal grant program to help state agencies combat financial fraud targeting seniors. The bill authorizes $10 million annually (2025-2030) for competitive grants to state securities commissions and insurance departments, capped at $500,000 per agency per year (or $1 million for combined agencies). Grant funds can be used to hire staff, provide training, develop educational materials, and improve state laws to prevent and investigate fraud against seniors aged 62+ - including cases involving caregivers or fiduciaries. States must submit detailed plans to identify victims, support investigations, and report annually on fund usage and program effectiveness.