ATLANTA (April 24, 2026) — Senate President Pro Tempore Larry Walker (R–Perry) applauds Governor Brian P. Kemp for signing into law Senate Bill 284, sponsored by Walker, to strengthen protections for Georgians targeted by financial fraud.
SB 284 grants the Securities Division within the Secretary of State’s Office additional regulatory authority, ensuring stronger enforcement against bad actors. Prior to the enactment of Walker’s bill, the Division could only issue civil penalties and direct fines to the state treasury. Under this new law, regulators can now require fraudsters to repay victims directly, returning stolen funds to the individuals who were bilked.
“Exploiting hardworking Georgians now comes with additional consequences for the perpetrators under this legislation,” said Sen. Walker. “The safety and security of our residents is always at the forefront of our work in the Georgia Senate, and sadly, we’re seeing increasingly frequent and sophisticated schemes targeting people’s financial assets, especially those of our senior citizens. The victims of these con artists deserve to get their money back, and by empowering the Securities Division to force repayment, we are holding fraudsters accountable and restoring the hard-earned savings of Georgians.”
SB 284 reinforces Georgia’s commitment to a fair, secure and transparent securities marketplace, ensuring that the financial risk inherent with investments is matched with strong consumer protections.
You can read more about SB 284 here.
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Sen. Larry Walker III serves as President Pro Tempore of the Georgia Senate. He represents the 20thSenate District, which includes Bleckley, Dodge, Dooly, Laurens, Pulaski, Treutlen and Wilcox counties, as well as a portion of Houston County. He may be reached by phone at (404) 656-0095 or by email at Larry.Walker@senate.ga.gov.
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