The bill aims to combat elder financial fraud, pig butchering, and general financial fraud. It allows State, local, and Tribal law enforcement agencies to use eligible Federal grant funds for investigating these crimes and report their use. The bill requires a report on efforts and recommendations related to these types of fraud and scams and mandates a report on the state of scams in the United States. Additionally, it calls for Federal law enforcement agencies to assist local enforcement in using tracing tools for blockchain and related technology tools.