FERA
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| May 18, 2009 | House · vote #268 | Suspend Rules and Agree to S Adt to House Adts | Passed | 338–52 | See who voted → |
| May 6, 2009 | House · vote #235 | On Motion to Suspend the Rules and Pass, as Amended | Passed | 367–59 | See who voted → |
Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.
6 agreed to 1 failed 26 pending / other
| Amendment | Sponsor | Status |
|---|---|---|
| SAMDT 1,128 | McConnell, Mitch | Agreed to |
| SAMDT 1,007 | — | Ruled out of order |
| SAMDT 1,004 | — | Ruled out of order |
| SAMDT 1,003 | — | Ruled out of order |
| SAMDT 1,002 | Thune, John | Ruled out of order |
| SAMDT 1,000 | — | Ruled out of order |
| SAMDT 996 | — | Ruled out of order |
| SAMDT 994 | — | Ruled out of order |
| SAMDT 991 | — | Ruled out of order |
| SAMDT 990 | — | Ruled out of order |
| SAMDT 984 | — | Ruled out of order |
| SAMDT 983 | — | Ruled out of order |
| SAMDT 982 | — | Ruled out of order |
| SAMDT 1,006 | Schumer, Charles E. | Agreed to |
| SAMDT 986 | — | Failed |
| SAMDT 999 | — | Agreed to |
| SAMDT 995 | — | Agreed to |
| SAMDT 993 | — | Agreed to |
| SAMDT 985 | — | Agreed to |
| SAMDT 1,013 | Schumer, Charles E. | Pending |
| SAMDT 1,012 | — | Pending |
| SAMDT 1,011 | — | Pending |
| SAMDT 1,010 | — | Pending |
| SAMDT 1,009 | — | Pending |
| SAMDT 1,008 | — | Pending |
| SAMDT 1,005 | — | Pending |
| SAMDT 1,001 | — | Pending |
| SAMDT 998 | Schumer, Charles E. | Pending |
| SAMDT 997 | — | Pending |
| SAMDT 992 | — | Pending |
| SAMDT 989 | — | Pending |
| SAMDT 988 | — | Pending |
| SAMDT 987 | — | Pending |
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Fraud Enforcement and Recovery Act of 2009 or FERA - (Sec. 2) Amends the federal criminal code to include within the definition of "financial institution" a mortgage lending business or any person or entity that makes, in whole or in part, a federally related mortgage loan. Defines "mortgage lending business" as an organization that finances or refinances any debt secured by an interest in real estate, including private mortgage companies and their subsidiaries, and whose activities affect interstate or foreign commerce.
Extends the prohibition against making false statements in a mortgage application to employees and agents of a mortgage lending business.
Applies the prohibition against defrauding the federal government to fraudulent activities involving the Troubled Asset Relief Program (TARP) or a federal economic stimulus, recovery, or rescue plan.
Expands securities fraud provisions to cover fraud involving options and futures in commodities.
Expands the concept of monetary proceeds, for purposes of enforcing prohibitions against money laundering, to include gross receipts.
Expresses the sense of Congress with respect to the prosecution of money laundering crimes in combination with other closely-connected offenses. Requires the Attorney General to report to the House and Senate Judiciary Committees on such prosecutions.
(Sec. 3) Authorizes appropriations to the Attorney General for FY2010-FY2011 for investigations, prosecutions, and civil and administrative proceedings involving federal assistance programs and financial institutions. Allocates such funds among various departments of the Department of Justice (DOJ). Requires that an appropriate percentage of such funds be used to investigate mortgage fraud.
Authorizes additional appropriations to the U.S. Postal Service, the Inspector General for the Department of Housing and Urban Development (HUD), the U.S. Secret Service, and the Securities and Exchange Commission (SEC), including the Office of Inspector General, in FY2010-FY2011 for similar investigations.
Requires the Attorney General, in consultation with the U.S. Postal Inspection Service, the Inspector General for HUD, the Secretary of Homeland Security, and the SEC Commissioner [sic], to submit a report to Congress identifying: (1) amounts spent for investigations, with a certification of compliance that funds have been spent in accordance with this Act; and (2) amounts recovered from criminal or civil restitution, fines, penalties, and other monetary recoveries.
(Sec. 4) Amends the False Claims Act to: (1) expand liability under such Act for making false or fraudulent claims to the federal government; and (2) apply liability under such Act for presenting a false or fraudulent claim for payment or approval (currently limited to such a claim presented to an officer or employee of the federal government). Requires persons who violate such Act to reimburse the federal government for the costs of a civil action to recover penalties or damages.
Modifies and expands provisions of the False Claims Act relating to intervention by the federal government in civil actions for false claims, sharing of information by the Attorney General with a claimant, retaliatory relief, and service upon state or local authorities in sealed cases.
(Sec. 5) Establishes in the legislative branch the Financial Crisis Inquiry Commission to examine the causes of the current U.S. financial and economic crisis, taking into account fraud and abuse in the financial sector and other specified factors.
Requires the Commission to submit a final report on its findings to the President and Congress on December 15, 2010. Requires the Commission chairperson to appear before the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs within 120 days after the submission of such report. Terminates the Commission 60 days after the submission of such report.
Authorizes appropriations.
Became Public Law No: 111-21.
- Engrossed Amendment House Formatted Text PDF Formatted XML
- Engrossed Amendment Senate Formatted Text PDF Formatted XML
- Engrossed in Senate Formatted Text PDF Formatted XML
- Enrolled Bill Formatted Text PDF Formatted XML
- Introduced in Senate Formatted Text PDF Formatted XML
- Public Law Formatted Text PDF
- Reported to Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 386: FERA. 111th Congress. Open America. https://openamerica.io/bill/111-S-386/
"S. 386: FERA." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-386/.
S. 386, 111th Cong. (2026), https://openamerica.io/bill/111-S-386/.
[S. 386: FERA](https://openamerica.io/bill/111-S-386/)