H.R. 78

Stop Mortgage Fraud Act

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I

111th CONGRESS

1st Session

H. R. 78

IN THE HOUSE OF REPRESENTATIVES

January 6, 2009

Mrs. Biggert introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To authorize additional appropriations for the Federal Bureau of Investigation to enhance its ability to more effectively stop mortgage fraud, and for other purposes.

1.

Short title

This Act may be cited as the Stop Mortgage Fraud Act.

2.

Authorization of appropriations

For fiscal years 2009, 2010, 2011, 2012, and 2013, there are authorized to be appropriated to the Attorney General a total of—

(1)

$31,250,000 to support the employment of 30 additional agents of the Federal Bureau of Investigation and 2 additional dedicated prosecutors at the Department of Justice to coordinate prosecution of mortgage fraud efforts with the offices of the United States Attorneys; and

(2)

$750,000 to support the operations of interagency task forces of the Federal Bureau of Investigation in the areas with the 15 highest concentrations of mortgage fraud.