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Senate Sends Anti-Financial Fraud Bill To House

Law360, New York (April 28, 2009, 12:00 AM EDT) -- In response to rising reports of mortgage and financial fraud, the U.S. Senate on Tuesday passed a bill aimed at boosting the tools available to federal authorities in investigating and prosecuting those claims and sent it on to the House of Representatives.

The Fraud Enforcement And Recovery Act, written by Sen. Patrick Leahy, D-Vt., and co-sponsored by Sen. Charles Grassley, R-Iowa, and Sen. Ted Kaufman, D-Del., passed through the Senate with an overwhelming 92-4 majority. Along with funneling more money to federal authorities, the bill, also...
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