BILL ANALYSIS                                                                                                                                                                                                    �



                                                                            



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                                    THIRD READING


          Bill No:  ACR 146
          Author:   Bloom (D), et al.
          Amended:  5/15/14 in Assembly
          Vote:     21

           
           ASSEMBLY FLOOR  :  Read and adopted, 5/15/14


           SUBJECT :    Senior Fraud Awareness Day

           SOURCE  :     Author


           DIGEST  :    This resolution proclaims May 15, 2014, as Senior  
          Fraud Awareness Day.

           ANALYSIS  :    This resolution makes the following legislative  
          findings:

          1.As the population ages and more Americans become senior  
            citizens with life savings, they become greater targets for  
            fraud and deception.  The ease of access for criminals to  
            contact seniors through the Internet and telephone increases  
            as more creative schemes emerge.

          2.Senior fraud is a growing concern as millions have fallen  
            victim to scams, including Medicare scams, sweepstakes and  
            lottery scams, work at home scams, bereavement scams, identity  
            theft, charity scams, scams targeting older women, home repair  
            scams, investment schemes, and reverse mortgage scams.

          3.According to the Department of Business Oversight, it is  
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            estimated that 70% of Californians over 50 years of age have  
            been solicited by someone with the intent to defraud them.

          4.Americans who are 65 years of age and older represent about  
            13% of our country's population, and their population will  
            only continue to grow as the baby boomer generation begins to  
            enter that age range.

          This resolution proclaims May 15, 2014, as Senior Fraud  
          Awareness Day.

           FISCAL EFFECT  :    Fiscal Com.:  No



          AL:k  5/28/14   Senate Floor Analyses 

                         SUPPORT/OPPOSITION:  NONE RECEIVED

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