Fraud Enforcement and Recovery Act

The Fraud Enforcement and Recovery Act (FERA) is a U.S. law enacted in 2009 to strengthen efforts in combating financial fraud, particularly in areas like mortgage fraud and securities violations. It enhances the government's ability to pursue and prosecute fraud cases, increases funding for investigations, and expands the range of offenses covered. FERA also aims to recover funds lost to fraud by enhancing civil enforcement measures. In essence, it reflects a commitment to holding individuals and entities accountable for fraudulent activities that harm the economy and consumers.