Fraud Enforcement Recovery Act

May 20, 2009 -- WASHINGTON – Today, President Obama will sign the Helping Families Save Their Homes Act and the Fraud Enforcement and Recovery Act into law.

"These landmark pieces of legislation will protect hardworking Americans, crack down on those who seek to take advantage of them, and ensure that the problems that led us into this crisis never happen again," said President Obama.    » read more »

May 20, 2009 -- Flanked by several Congressional colleagues and a crowd of onlookers, U.S. Senator Ted Kaufman (D-DE) stood beside President Barack Obama May 20 as he signed the Fraud Enforcement and Recovery Act (FERA), legislation to strengthen tools and increase resources available to federal prosecutors to combat financial fraud. Sen. Kaufman introduced FERA - bipartisan legislation that passed Congress this week - in February with Senators Patrick Leahy (D-VT) and Chuck Grassley (R-IA).    » read more »

May 20, 2009 -- Senator Chuck Grassley today issued the following comment after President Barack Obama signed legislation he authored with Senators Patrick Leahy and Ted Kaufman. The Fraud Enforcement Recovery Act will help protect Americans from fraud as well as recover taxpayers’ money lost to fraud.

The legislation bolsters existing tools and increases resources available to federal investigators and prosecutors to combat fraud. It also includes the most significant update to the federal False Claims Act since 1986 when Grassley authored amendments to the False Claims Act which have helped the government recover more than $22 billion to the United States treasury.

Here is Grassley’s comment.    » read more »