[Peace-discuss] Fw: 92-4 (Leahy on Faud Enforcement and Recovery Act)

Jenifer Cartwright jencart13 at yahoo.com
Wed Apr 29 14:48:25 CDT 2009



--- On Wed, 4/29/09, Patrick Leahy <info at leahyforvermont.com> wrote:


From: Patrick Leahy <info at leahyforvermont.com>
Subject: 92-4
To: "Jenifer Cartwright" <jencart13 at yahoo.com>
Date: Wednesday, April 29, 2009, 10:08 AM




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Dear Jenifer,



The Senate passed the Fraud Enforcement and Recovery Act. Let's make sure it doesn't get watered down in the House.

E-mail Your Representative Today!
Last week, the Leahy for Vermont community made a big statement in Washington.

Together, we sent over 30,000 letters to Congress, urging legislators to support the bipartisan Fraud Enforcement and Recovery Act. And yesterday, the Senate overwhelmingly approved it by a vote of 92-4, bringing us one step closer to providing federal law enforcers with the resources they need to go after the white-collar criminals who have wreaked so much havoc on our economy and hard-working families.

Now it's up to the House of Representatives to adopt this strong bipartisan bill and send it to President Obama's desk for his signature into law.

It's not too late to make a difference. Please e-mail your Representative today, and help ensure the bipartisan Fraud Enforcement and Recovery Act does not get watered down in the House.

When the Bush-Cheney Administration took thousands of federal investigators off financial fraud cases, criminals like Bernard Madoff -- whose "Ponzi scheme" cost investors $65 billion -- operated with virtual impunity. Unless we act to reverse this course, financial frauds will continue to rob hard-working Americans of their retirement funds, their homes, and their savings..

If passed by Congress and signed by President Obama, the bipartisan Fraud Enforcement and Recovery Act will:

Authorize an additional $245 million a year to hire hundreds of federal investigators, prosecutors, and staff to fight fraud,

Fill in statutory gaps to account for modern types of fraud and correct erroneous court decisions,

Update the definition of "financial institution" in federal fraud statutes to include all mortgage lending businesses, and

Protect federal recovery funding from fraudulent use.
The Senate has taken bold action. Now it's the House of Representatives' turn to get tough on white-collar crime.

Please e-mail your Representative today, and help ensure the bipartisan Fraud Enforcement and Recovery Act does not get watered down in the House.

Thank you for taking action. I am hopeful that with your help our community can chalk up another legislative victory for the American people.

Sincerely,
                
Patrick Leahy
U.S. Senator


Visit LeahyForVermont.com | E-mail Congress







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