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SR 401

Memorials, Recognition - Fraud Prevention Month -

114th Regular Session (2025-2026) Introduced by Becky Massey

Declares April 2026 Fraud Prevention Month in Tennessee to raise awareness and commend efforts to educate, protect consumers, and reduce fraud, especially for seniors.

Recommended for adoption by Senate Finance, Ways, and Means Committee, refer Senate Calendar Committee
#memorials #recognition
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Bill Summary · SR 401

Summary of Senate Resolution 401 (SR 401), 114th Tennessee General Assembly

Overview

  • Type: Senate Resolution (SR)
  • Sponsor: Senator Massey (with co-sponsor Senator Becky Massey)
  • Session/Jurisdiction: Tennessee, 114th General Assembly
  • Subject: Memorializing Fraud Prevention Month (April 2026) in Tennessee

Purpose and Intent

  • To honor and recognize Fraud Prevention Month in Tennessee for April 2026.
  • To highlight the importance of prevention, education, and strong consumer protections against fraud.
  • To acknowledge the impact of fraud on Tennesseans, particularly older adults, and to commend community efforts, law enforcement, nonprofit organizations, and public officialsworking to prevent, detect, and respond to fraud.

Key Provisions

  • A formal resolution declaring April 2026 as Fraud Prevention Month in Tennessee.
  • Acknowledgement of:
    • The substantial financial losses caused by fraud nationally and in Tennessee.
    • The disproportionate impact of fraud on older adults (e.g., higher average losses for seniors).
    • The role of awareness, education, and protections in reducing fraud risk.
  • Call to commend community and advocacy efforts that help prevent scams, protect consumers, and assist fraud victims.

Data and Context Included (Per Resolution)

  • National fraud losses cited: up to $196 billion in 2024 (FTC estimate).
  • Estimated losses from older adults nationwide: up to $81.5 billion in 2024.
  • Tennessee-specific fraud losses reported in 2025: $51.5 million (with adults 60+ reporting nearly $11.3 million).
  • Noted impact on older adults: average reported loss around $83,000 for fraud victims aged 60+, significantly higher than average losses across all ages.
  • Emphasis on the need for public awareness to recognize red flags and keep pace with evolving fraud schemes.

Who Is Affected

  • Directly affected: Tennessee residents, with particular emphasis on older adults (age 60+), who are at greater risk of fraud losses.
  • Indirectly affected: Consumers broadly in Tennessee, community organizations, law enforcement, and public officials involved in consumer protection, victim support, and fraud prevention.

Procedural and Timeline Details

  • Introduction: Filed and introduced on April 8, 2026.
  • First Consideration: Passed on first consideration (April 9, 2026).
  • Second Consideration: Passed on second consideration and referred to the Senate Finance, Ways & Means Committee (April 13, 2026).
  • Committee Action: Placed on the Senate Finance, Ways and Means Committee calendar for consideration (April 20, 2026).
  • Formal Effect: If adopted, the resolution serves as an official commendation and expression of the Senate’s recognition of Fraud Prevention Month; no substantive statutory changes or new enforcement mechanisms are created by the text of a resolution.

Impact and Implications

  • The resolution is symbolic, aiming to raise awareness and publicly acknowledge ongoing efforts to prevent fraud.
  • It cites relevant statistics to underscore the importance of prevention, education, and protections, particularly for older Tennesseans.
  • May complement ongoing state and local initiatives by elevating fraud prevention as a public priority during April 2026.

If you’d like, I can tailor this summary to specific audiences (e.g., policymakers, advocacy groups, or the general public) or compare it to similar resolutions in other states.

Compiled from official sources — confirm details with the bill’s official record.

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