Title I: An Act to Prevent Internet Fraud and Fraud Against the Elderly - An Act to Prevent Internet Fraud and Fraud Against the Elderly - Directs the Federal Trade Commission (FTC) to disseminate in each State information to educate senior citizens and raise awareness about the dangers of telemarketing fraud and fraud over the Internet, as well as ways to protect themselves from, and report instances of, such fraud.

Title II: Telemarketing Fraud Over the Internet - Amends the Federal criminal code to include Internet communications within its criminal fraud provisions.

Directs the FTC to issue a rulemaking proceeding for the application of the Federal Trade Commission Act and other statutory provisions regarding deceptive acts or practices to acts or practices in connection with the promotion, advertisement, offering for sale, or sale of goods or services through the Internet.