SWIPES Act

The SWIPES Act strengthens federal laws against financial fraud by explicitly including gift cards and digital credentials in the definition of "access devices" under existing statutes. It significantly increases prison sentences for individuals who traffic large quantities of counterfeit or unauthorized access devices, with penalties reaching up to 30 years for offenses involving more than 1,000 items. Additionally, the bill introduces a new federal offense that mandates an extra two-year consecutive prison sentence for anyone who commits fraud against victims over the age of 60.