Empowering Law Enforcement to Combat Financial Fraud Act

HR 9480, the Empowering Law Enforcement to Combat Financial Fraud Act, allows state, local, and Tribal law enforcement agencies to use specific federal grant funds (from Justice Department and Homeland Security programs) to investigate senior financial fraud (targeting elderly/disabled victims), pig butchering scams (crypto investment frauds), and general financial fraud. The bill directs funds toward hiring specialized staff, training on blockchain tools and transnational fraud, purchasing investigative software, and improving data collection. Agencies must report annually to grant providers on fund usage and fraud statistics, with federal agencies then reporting to Congress on these efforts. This policy change expands the allowable use of existing grants to specifically address these fraud types through enhanced investigative capabilities.