About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 S. 512, Seniors Fraud Prevention Act of 2019 1 (April 11, 2019)

handle is hein.congrec/cbosenior0001 and id is 1 raw text is: Congressional Budget Office ' Cost Estimate April 11, 2019 Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) Revenues Deficit Effect 0 0 0 0 0 0 0 0 0 S. 512 would establish an office within the Federal Trade Commission's (FTC) Bureau of Consumer Protection to advise the agency on preventing fraud targeting senior citizens. This office would monitor fraud targeting seniors delivered via mail, television, internet, telemarketing, and robocalls. In addition, it would educate senior consumers by distributing information and consumer resources, respond to reports of suspected fraudulent entities, and maintain a public website of fraudulent actions. Finally, the office would log and acknowledge complaints from fraud victims, and make those complaints available to law enforcement authorities. According to the FTC, the Bureau of Consumer Protection is already fulfilling many of the bill's requirements because it actively works to monitor and prevent consumer fraud perpetrated against senior citizens. Furthermore, the Elder Abuse Prevention and Prosecution Act requires the FTC to designate an Elder Justice Coordinator within the bureau who is responsible for coordinating elder justice issues. On that basis, CBO estimates that the cost associated with implementing the bill would be less than $500,000. The CBO staff contact for this estimate is David Hughes. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most