Title: Edith Shorougian Senior Victims of Fraud Compensation Act
Policy area: Crime and Law Enforcement

Summary:
Edith Shorougian Senior Victims of Fraud Compensation Act
This bill adds a new source of revenue for the Crime Victims Fund and expands the allowable use of victim compensation grant funds.
Specifically, the bill directs any monetary payment made to the federal government as a fine or penalty under a deferred prosecution agreement, non-prosecution agreement, or other settlement agreement in relation to an alleged criminal act to be deposited into the fund.
Additionally, the bill allows victim compensation grant funds to be used to compensate elderly victims for property loss resulting from financial fraud, abuse, or exploitation. Currently, victim compensation grant funds may not be used to compensation for property loss (with limited exceptions). An elderly victim is a victim who is at least 60 years of age.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7620 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7620

     To amend the Victims of Crime Act of 1984 to provide for the 
    compensation of elderly victims of property damage, to provide 
increased funding for the crime victim compensation fund, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 16, 2020

  Ms. Bonamici (for herself, Mr. King of New York, Ms. Pressley, Mr. 
   Katko, and Ms. Stefanik) introduced the following bill; which was 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
     To amend the Victims of Crime Act of 1984 to provide for the 
    compensation of elderly victims of property damage, to provide 
increased funding for the crime victim compensation fund, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Edith Shorougian Senior Victims of 
Fraud Compensation Act''.

SEC. 2. COMPENSATION FOR ELDERLY VICTIMS OF FINANCIAL FRAUD.

    Section 1403(d) of the Victims of Crime Act of 1984 (34 U.S.C. 
20102(d)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``include damage'' and inserting 
                the following: ``include--
                    ``(A) damage''; and
                    (B) by adding at the end the following: ``or
                    ``(B) damage to or loss of property of elderly 
                victims of financial fraud, abuse, or exploitation;'';
            (2) in paragraph (3), by striking ``and'' at the end;
            (3) in paragraph (4), by striking the period at the end and 
        inserting ``; and''; and
            (4) by adding at the end the following:
            ``(5) the term `elderly victim' means a victim who is not 
        less than 60 years of age.''.

SEC. 3. ADDITION TO CRIME VICTIMS FUND.

    Section 1402(b) of the Victims of Crime Act of 1984 (34 U.S.C. 
20101(b)) is amended--
            (1) in paragraph (4), by striking ``and'' at the end;
            (2) in paragraph (5), by striking the period at the end and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(6) any monetary payment made to the United States 
        Government as a fine or penalty under, in relation to an 
        alleged criminal act--
                    ``(A) a deferred prosecution agreement;
                    ``(B) a non-prosecution agreement; or
                    ``(C) any other settlement agreement.''.
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