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United States · Law · S

S. 386 (111th)

FERA

enactedUnited States· United States Congress· EN

Introduced

5 February 2009

Last action

Status

Became Public Law No: 111-21.

Sponsors

Subjects

Discovery layer

Source updated

10 August 2026

Summary

Fraud Enforcement and Recovery Act of 2009 or FERA - Amends the federal criminal code to: (1) redefine "financial institution" to include a mortgage lending business; (2) define "mortgage lending business" for criminal law purposes; (3) prohibit false statements in mortgage applications by employees and agents of a mortgage lending business; (4) prohibit fraudulent activities related to the Troubled Assets Relief Program (TARP) or a federal economic stimulus, recovery, or rescue plan; (5) expand securities fraud provisions to include fraud involving options and futures in commodities; (6) expand, for purposes of money laundering provisions, the concept of monetary proceeds to include gross receipts; and (7) expand money laundering provisions to prohibit the movement of money outside of the United States to avoid taxes. Authorizes appropriations to the Attorney General for FY2010-FY2011 for investigations, prosecutions, civil proceedings involving federal assistance programs and financial institutions. Authorizes additional appropriations to the U.S. Postal Service and to the Inspector General for the Department of Housing and Urban Development (HUD) for similar investigations. Amends the False Claims Act to: (1) expand liability under such Act for making false or fraudulent claims to the federal government; and (2) repeal the requirement that false claims be presented to a government employee. Requires persons violating such Act to reimburse the federal government for the costs of a civil action to recover penalties or damages under such Act.

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Documents

19 official files

Enrolled Bill (text)

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Sources

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