MA S749

Creates a 21-member interagency task force to review and investigate financial scams across Massachusetts, with co-chairs appointed by the Senate President and House Speaker

Task force membership includes representatives from the Attorney General's office, Secretary of State, State Treasurer, Division of Banks, and secretaries of Elder Affairs, Public Safety, Labor, and Technology Services

Includes representatives from the Massachusetts Bankers Association, Cooperative Credit Union Association, MASSPIRG, and AARP Massachusetts, plus financial and legal professionals with scam expertise

Task force responsibilities include identifying high-risk scam sources, vulnerable populations, data gaps, public education opportunities, and additional tools needed by law enforcement

Report with findings, recommendations, and draft legislation must be filed with legislative clerks and the Joint Committee on Financial Services within 1 year of implementation