S.Amdt. 1008
What it does: Adds SEC. 5. EFFICIENT INVESTIGATION OF FINANCIAL CRIMES on page 26, line 22
Sen. Olympia J. Snowe (R-ME)What it changes
1 change to S. 386
Adds SEC. 5. EFFICIENT INVESTIGATION OF FINANCIAL CRIMES on page 26, line 22
Adds a sectionPrinted pageInserted: SEC. 5. EFFICIENT INVESTIGATION OF FINANCIAL CRIMES.
Inserted: Not later than 60 days after the date of enactment of this Act, the Attorney General of the United States shall submit to the Committee on the Judiciary of the Senate and the Committee on the Judiciary of the House of Representatives a report regarding the activities of the Department of Justice to work with other Federal departments and agencies and State and local governments to ensure that financial crimes (including fraud, misrepresentation, malfeasance, or related crimes with respect to development, advertising, brokerage, or sale of financial products including derivatives, mortgage-backed securities, credit default swaps, and subprime loans, or related services) are investigated and prosecuted in the most efficient way possible and without duplication of effort.
Original wording
On page 26, after line 22, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 1008. Ms. SNOWE submitted an amendment to be proposed by her to the bill S. 386, to improve enforcement of mortgage fraud, securities fraud, financial institution fraud, and other frauds related to federal assistance and relief programs, for the recovery of funds lost to these frauds, and for other purposes; which was ordered to lie on the table; as follows:
On page 26, after line 22, add the following:
SEC. 5. EFFICIENT INVESTIGATION OF FINANCIAL CRIMES.
Not later than 60 days after the date of enactment of this Act, the Attorney General of the United States shall submit to the Committee on the Judiciary of the Senate and the Committee on the Judiciary of the House of Representatives a report regarding the activities of the Department of Justice to work with other Federal departments and agencies and State and local governments to ensure that financial crimes (including fraud, misrepresentation, malfeasance, or related crimes with respect to development, advertising, brokerage, or sale of financial products including derivatives, mortgage-backed securities, credit default swaps, and subprime loans, or related services) are investigated and prosecuted in the most efficient way possible and without duplication of effort.
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Senate amendment submitted
April 23, 2009