Financial Anti-Fraud Act Advances For Final Approval

Law360, New York (May 19, 2009, 12:00 AM EDT) -- The House of Representatives has signed off on the Fraud Enforcement and Recovery Act, which — with President Obama's final signature — will equip federal enforcement agencies with broad legal and budgetary tools, including increased whistleblower protections, to combat financial fraud across a range of industries and markets.

House members approved FERA on Monday with a vote of 338 to 52, after the legislation co-sponsored by Sens. Patrick Leahy, D-Vt., Chuck Grassley, R-Iowa, and Ted Kaufman, D-Del., advanced from the Senate on Thursday with senators' overwhelming...
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