H.R. 2978

119th Congress

In Committee

GUARD Act

Sponsored byRepublican:Rep. Nunn, Zachary [R-IA-3]IA· Introduced 21 April 2025
Open on Congress.gov

51

Cosponsors

8

Actions

0

Amendments

2

Committees

—

Since introduced

Introduced
Committee
Passed Chamber
Passed Both
Enacted
Step 1 of 0
Latest action

Reported (Amended) by the Committee on Financial Services. H. Rept. 119-709, Part I.

24 June 2026·4 weeks ago

Summary

Reported to House · Updated 21 July 2026

Guarding Unprotected Aging Retirees from Deception Act of 2026 or the GUARD Act of 2026

This bill allows state, local, and tribal law enforcement agencies and grantees that receive funds from certain law enforcement grant programs to use the funds to investigate general financial fraud, elder financial fraud, and pig butchering. Pig butchering refers to a confidence and investment fraud in which a victim is gradually lured into transferring increasing amounts of money, generally in the form of cryptocurrency, into a fake virtual investment. 

The bill allows federal law enforcement agencies to assist state, local, and tribal law enforcement agencies and fusion centers in the use of tracing tools for blockchain and related technology tools.

Finally, the bill requires the Financial Crimes Enforcement Network (FinCEN) to report on efforts to combat general financial fraud, elder financial fraud, pig butchering, and scams, including an evaluation of any legislative recommendations to improve the efforts. The bill also requires FinCEN to report on the state of general financial fraud, elder financial fraud, pig butchering, and scams in the United States, including trends in the crimes.

Timeline

8 actions

  1. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-709, Part I.

    24 June 2026 · Committee

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 119-709, Part I.

    24 June 2026 · Committee

  3. Committee Consideration and Mark-up Session Held

    13 May 2026 · Committee

  4. Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.

    13 May 2026 · Committee

  5. Ordered to be Reported (Amended) by the Yeas and Nays: 52 - 0.

    13 May 2026 · Committee

  6. Committee Consideration and Mark-up Session Held

    13 May 2026 · Committee

  7. Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    21 April 2025 · IntroReferral

  8. Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    21 April 2025 · IntroReferral

  9. Introduced in House

    21 April 2025 · IntroReferral

  10. Introduced in House

    21 April 2025 · IntroReferral

  11. Introduced in House

    21 April 2025 · IntroReferral

  12. Introduced in House

    21 April 2025 · IntroReferral

  13. Introduced in House

    21 April 2025 · IntroReferral

  14. Introduced in House

    21 April 2025 · IntroReferral

Sponsorship

51 cosponsors

Sponsor

Republican:Rep. Nunn, Zachary [R-IA-3]IA

Cosponsors

  • Democrat2142%
  • Republican2958%
View all on Congress.gov

Classification

Policy area

Crime and Law Enforcement

Legislative subjects

Advanced technology and technological innovationsCongressional oversightCrime victimsCriminal investigation, prosecution, interrogationEmployee hiringEmployment and training programsFraud offenses and financial crimesGovernment information and archivesIntergovernmental relationsLaw enforcement administration and funding

Committees

2

  • Financial Services Committee

    House · Standing

    • Referred To21 Apr 2025
    • Markup By13 May 2026
    • Reported By24 Jun 2026

  • Judiciary Committee

    House · Standing

    • Referred To21 Apr 2025

Reports

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