Fraud Enforcement and Recovery Act (FERA)

The Fraud Enforcement and Recovery Act (FERA), enacted in 2009, aims to strengthen the government’s ability to combat fraud related to financial and economic crises, particularly focusing on mortgage fraud, financial institution fraud, and other forms of economic misconduct. It enhances the resources and tools for federal agencies to investigate and prosecute fraud cases, expands the ability to recover funds lost through fraud, and improves cooperation between federal, state, and local law enforcement. Overall, FERA seeks to protect taxpayers and ensure accountability in financial practices.