SWIPES Act

This bill would change federal fraud law to cover gift cards and digital credentials such as passwords, cryptographic keys, and digital asset recovery phrases as "access devices." It would make it a crime to obtain access devices directly or indirectly, including through a website that collects access device information. It would raise the maximum prison terms for access device fraud and add higher maximums when more than 500 or 1,000 counterfeit or unauthorized devices are involved. It would add a mandatory 2-year prison term, served on top of the main sentence, for certain felony fraud crimes knowingly committed against people over age 60. It would also treat gift cards as "monetary instruments" under federal money laundering law.

Full text and official record on Congress.gov

Sponsors

• Ashley Moody Republican sponsor
• 0 cosponsors