(Washington D.C.) – Today, U.S. Senator Patty Murray (D-WA) voted to pass the Fraud Enforcement and Recovery Act of 2009, legislation that would reinvest in federal agencies’ financial crimes investigative units and strengthen tools to root out and prosecute fraud. She was a Senate cosponsor of the legislation.  Senator Murray has been a strong advocate for increasing funding for federal agencies to protect consumers from fraud, and recently fought for funding for additional FBI agents to investigate mortgage fraud and financial crimes. 

“At a time when mortgage fraud and other financial crimes are skyrocketing across the country, federal agencies must have the resources they need to protect consumers,” said Senator Patty Murray.  “Families are already hurting in this tough economic climate, and I am proud to support legislation that will fight attempts to take advantage of them any further.” 

The Fraud Enforcement and Recovery Act will make necessary changes to criminal laws, including criminal fraud, securities law, and money laundering laws; increase the funding available to federal law enforcement agencies to combat mortgage fraud and predatory lending; and revise the False Claims Act to ensure that the government can recover taxpayer dollars lost to fraud and abuse.  The bill will not only deter new crimes and punish criminals, but criminal fines and asset forfeitures from new prosecutions will help pay for provisions of the bill.