PRINTER'S NO. 554 THE GENERAL ASSEMBLY OF PENNSYLVANIA SENATE RESOLUTION No.75 Session of 2025 INTRODUCED BY KANE, TARTAGLIONE, SCHWANK, COMITTA, HUGHES, PENNYCUICK, COSTA, HAYWOOD, SANTARSIERO, PHILLIPS-HILL, BROWN, VOGEL, STREET, CAPPELLETTI, STEFANO AND MILLER, APRIL 4, 2025 REFERRED TO RULES AND EXECUTIVE NOMINATIONS, APRIL 4, 2025 A RESOLUTION Recognizing May 15, 2025, as "Senior Fraud Awareness Day" in Pennsylvania. WHEREAS, This Commonwealth is home to a large and growing population of senior citizens, many of whom are vulnerable to financial fraud and scams that exploit senior citizens' trust and savings; and WHEREAS, According to the Federal Trade Commission (FTC), senior citizens are increasingly targeted by criminals who engage in deceptive practices, including telephone scams, online fraud, identity theft and predatory financial schemes; and WHEREAS, The National Council on Aging reports that seniors lose an estimated $60 billion annually due to fraud and the amount of loss continues to rise, exacerbating the financial insecurity of older adults; and WHEREAS, Based on data from the FTC, criminals stole between an estimated $310 million and $2.7 billion from Pennsylvanians over 60 years of age in 2023 and, on average, each Pennsylvania 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 victim over 60 years of age lost $58,000; and WHEREAS, Estimated fraud losses are growing at a rate of nearly 20% per year; and WHEREAS, Awareness and education about common fraud tactics and prevention methods are essential in empowering seniors, their families and caregivers to recognize, resist and report fraudulent activities; and WHEREAS, Promoting senior fraud awareness can help foster a sense of security, independence and dignity for older Pennsylvanians by reducing their vulnerability to fraud; and WHEREAS, The Commonwealth has been dedicated to protecting seniors from financial exploitation and has implemented various programs and initiatives aimed at providing education, resources and support to safeguard the financial well-being of its elderly residents; and WHEREAS, Recognizing "Senior Fraud Awareness Day" underscores the Commonwealth's commitment to educating seniors, caregivers and the public about fraud prevention and ensuring that Pennsylvania seniors can live with the confidence that their financial security is safeguarded; therefore be it RESOLVED, That the Senate recognize May 15, 2025, as "Senior Fraud Awareness Day" in Pennsylvania; and be it further RESOLVED, That the Senate raise awareness about the growing issue of senior fraud to encourage communities to educate seniors about common scams and to provide resources for those affected; and be it further RESOLVED, That a copy of this resolution be transmitted to the Governor, the Department of Aging, the Office of Attorney General and senior advocacy organizations to ensure the broadest possible dissemination and participation in activities to stop 20250SR0075PN0554 - 2 - 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 senior fraud in Pennsylvania. 20250SR0075PN0554 - 3 - 1