S.Amdt. 287

SA 287. Mr. DORGAN submitted an amendment intended to be proposed to
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to
the bill H.R. 1, making supplemental appropriations for job
preservation and creation, infrastructure investment, energy efficiency
and science, assistance to the unemployed, and State and local fiscal
stabilization, for fiscal year ending September 30, 2009, and for other
purposes; which was ordered to lie on the table; as follows:

At the end of division B, add the following:

TITLE VI--TAXPAYER PROTECTION PROSECUTION TASK FORCE

SEC. 6001. CREATION OF A TAXPAYER PROTECTION PROSECUTION TASK
FORCE.

The Attorney General of the United States shall immediately
establish a Taxpayer Protection Prosecution Task Force
(referred to in this title as the ``Task Force'') .

SEC. 6002. DUTIES OF THE TASK FORCE.

The Task Force shall--
(1) investigate and prosecute financial fraud cases or any
other violation of law that contributed to the collapse of
our financial markets; and
(2) seek to claw back any ill-gotten gains, particularly by
those who received billions of dollars in compensation
creating the real estate and financial bubble.

SEC. 6003. MEMBERSHIP.

The membership of the Task Force shall include--
(1) Department of Justice attorneys acting as a team of
Federal prosecutors;
(2) special agents from the Federal Bureau of
Investigation, the Internal Revenue Service, and United
States Postal Service; and
(3) additional assistance from the Board of Governors of
the Federal Reserve System, the Securities and Exchange
Commission, and other Federal banking regulators or
investigators.

SEC. 6004. STAFFING.

The Task Force shall be staffed by Department of Justice
career attorneys, enforcement attorneys, and other private
and public sector legal professionals and experts in the
violations of law under investigation.

SEC. 6005. DIRECTOR.

The Director of the Task Force shall be appointed by the
President, subject to the advice and consent of the Senate.

SEC. 6006. OUTSIDE EMPLOYMENT.

The Director of the Task Force and all professional members
of the staff shall for a period of 2 years after their
employment with the Task Force be prohibited from directly or
indirectly representing any client in or in connection with
any investigation relating to any of the work of the Task
Force.

SEC. 6007. REPORTS TO CONGRESS.

The Task Force shall file--
(1) a public report directly with Congress every 6 months
on its activities; and
(2) if necessary, a classified annex to protect the
confidentiality of ongoing investigations or attorney-client
privilege or other non-public information.

SEC. 6008. STATUTE OF LIMITATIONS RECOMMENDATION.

The Task Force shall make recommendations to Congress not
later than 60 days after the date of the establishment of the
Task Force regarding extension of the statute of limitation
for complex financial fraud and other similar cases.
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