Alternate Title: Statement by the President on the Fraud Enforcement and Recovery Act of 2009 [May 20, 2009]
On May 20, 2009, President Obama "signed into law S. 386, the 'Fraud Enforcement and Recovery Act of 2009.' This Act provides Federal investigators and prosecutors with significant new criminal and civil tools to assist in holding accountable those who have committed financial fraud. These legislative enhancements will help the Department of Justice to combat mortgage fraud, securities and commodities fraud, and related offenses, and to protect taxpayer money that has been expended on recent economic stimulus and rescue packages."
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