Today Governor Evers signed Assembly Bill 968, proposed by the bipartisan Speaker’s Task Force on Elder Services. Rep. Doyle served as the Vice-Chair on the Task Force, authored the bill, and had the following to say:
“The bipartisan Speaker’s Task Force on Elder Services set out to identify ways to improve the quality of life for Wisconsin’s senior population. As the Vice-Chair of the task force, I traveled around the state to hear about the lived experiences of our senior citizens and the folks that work with them.
One thing we heard over and over was how rampant financial fraud against elders was becoming. We heard how easy these fraudsters had it with the explosion of cryptocurrency kiosks. In fact, by some estimates, more than 90% of the money that moves through those machines is related to fraud.
No one should have to worry about fraudsters hiding behind screens. So, my colleagues and I immediately got to work. We drafted, passed, and got signed into law a comprehensive overhaul on the rules governing these machines in our state. We put common-sense guardrails in place to cut back and eliminate the fraud.
These guardrails include:
• Setting daily transaction limits at $1,000.
• Requiring cryptocurrency kiosk operators to provide users with receipts.
• Implementing consumer identification measures for every transaction.
• Allowing scam victims to receive refunds.
I’m incredibly proud to see my bipartisan bill pass unanimously and be signed into law.”
