Edith Shorougian Senior Victims of Fraud Compensation Act

Bill: 116-hr-7620
Sponsor: full_name: Rep. Bonamici, Suzanne [D-OR-1]
Introduced: 2020-07-16
Policy area: Crime and Law Enforcement
Subjects: Aging

Crime victims

Criminal investigation, prosecution, interrogation

Criminal procedure and sentencing

Fraud offenses and financial crimes

Government trust funds

Law enforcement administration and funding
Latest action: action_date: 2020-07-16
text: Referred to the House Committee on the Judiciary.

Summaries:
action_date: 2020-07-16
action_desc: Introduced in House
text: <p><strong>Edith Shorougian Senior Victims of Fraud Compensation Act</strong></p> <p>This bill adds a new source of revenue for the Crime Victims Fund and expands the allowable use of victim compensation grant funds.</p> <p>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. </p> <p>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. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 7620 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.

1. Short title This Act may be cited as the Edith Shorougian Senior Victims of Fraud Compensation Act . 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. . 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. .