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This bill permits state, local, and tribal law enforcement agencies receiving certain federal grant funds to use those funds for investigating senior financial fraud, pig butchering scams, and general financial fraud. It authorizes these agencies to hire personnel, provide specialized training on financial investigations and blockchain tools, obtain software and technical tools, and improve data collection. The bill also clarifies that federal law enforcement agencies may assist state and local agencies in using blockchain tracing tools, and requires agencies to report annually to Congress on their use of these funds and their impact on fraud statistics.
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