Edith Shorougian Senior Victims of Fraud Compensation Act

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.