The Digital Chamber Backs New Bill Tackling Pig Butchering Schemes

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The Digital Chamber announced its support on September 20, 2024, for a new bipartisan bill introduced by Congressman Zachary Nunn (R-IA), which addresses financial fraud, including pig butchering schemes.

TDC is thrilled at the introduction of the “Empowering Law Enforcement to Combat Financial Fraud Act,” by Reps. @ZachNunn, @RepJoshG, & @RepFitzgerald: marking a significant advancement in the ongoing fight against financial fraud of vulnerable citizens. https://t.co/uialz7XNxi

The bill, named the “Empowering Law Enforcement To Combat Financial Fraud Act,” seeks to provide law enforcement with the necessary tools to fight these sophisticated scams.

U.S. lawmakers Josh Gottheimer (D-NJ) and Scott Fitzgerald (R-W) co-lead the effort behind this proposed legislation, which would allocate grant funds to state, local, and tribal agencies investigating financial fraud scams.

These scams disproportionately affect society’s most vulnerable populations, and the bill would enhance the resources available to law enforcement agencies tasked with combating such crimes.

“Financial fraud crimes increasingly involve sophisticated technology to scam Americans out of their hard-earned dollars,” said Rep. Fitzgerald. “I am proud to co-lead the Empowering Law Enforcement to Combat Financial Fraud Act which will give state and local law enforcement the resources they need to utilize blockchain to track criminals who attempt to defraud Wisconsin seniors and families.”

The proposed legislation would explicitly look into pig butchering schemes, a common