Seniors Taking on Phony Marketers Act of 2006

The Seniors Taking on Phony Marketers Act of 2006 (H.R. 4987) was designed to combat financial scams targeting older Americans by increasing criminal penalties and expanding law enforcement resources. The bill proposed raising the maximum prison sentence for telemarketing fraud against individuals over age 55 from 10 to 15 years. Additionally, it sought to fund the hiring of 50 new postal inspectors and 30 federal prosecutors specifically to investigate and try these cases, while also providing money for public education campaigns to help seniors identify and avoid potential scams.