The Fraud Enforcement and Recovery Act (FERA)

The Fraud Enforcement and Recovery Act (FERA), enacted in 2009, is a U.S. federal law aimed at strengthening the government's ability to combat fraud, particularly in relation to financial crises and government programs. It enhances the power of law enforcement to investigate and prosecute fraud cases, expands the tools available for recovering funds lost to fraud, and increases penalties for those found guilty of financial fraud. FERA reflects a commitment to protecting taxpayer dollars and holding accountable those who engage in dishonest practices in areas like mortgage fraud and healthcare fraud.