,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #aca  ,,in ,,the ,,house ,,of   
,,representatives  ,january #c1 #bjac   
,ms4 ,kaptur introduced the following   
bill2 which was referred to the         
,committee on the ,judiciary1 and in    
addition to the ,committee on ,financial
 ,services1 for a period to be          
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,a ,,bill  ,to provide additional       
resources for ,federal investigations   
and prosecutions of crimes related to   
the #bjjh ,financial ,crisis1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,financial     
,crisis ,criminal ,investigation ,act4  
#b4 ,findings ,congress finds the       
following3  7#a7 ,the ,federal ,bureau  
of ,investigation 7,,fbi7 has testified 
that today's financial crisis dwarves   
the ,s,l crisis as financial            
institutions have reduced their assets  

by more than #a trillion related to the 
current global financial crisis compared
 to the estimated #afj million lost     
during the ,s,l crisis4 7,testimony by  
,mr4 ,john ,pistole1 ,deputy ,director  
of the ,federal ,bureau of              
,investigation of the ,united ,states   
,department of ,justice before the      
,u4,s4 ,senate ,committee on the        
,judiciary1 ,february #aa1 #bjji74  7#b7
 ,the ,,fbi has testified that mortgage 
fraud was such a major contributor to   
the current global financial crisis     
that3 it would be irresponsible to      
neglect mortgage fraud's impact on the  
,u4,s4 housing and financial markets4   
7#c7 ,in the late #aihjs and early      
#aiijs1 the ,united ,states experienced 
a similar financial crisis with the     
collapse of the ,savings and ,loan      
institutions4 ,again1 according to      
,deputy ,director ,pistole1 the         
,department of ,justice 7,,doj71 and    
more specifically the ,,fbi1 were       
provided a number of tools through the  

,financial ,institutions ,reform1       
,recovery and ,enforcement ,act of #aihi
 7,,firrea7 and ,crime ,control ,act of 
#aiij 7,,cca7 to combat the             
aforementioned crisis4 ,as stated in    
,senate ,bill #cca dated ,january #bg1  
#bjji1 in the wake of the ,savings and  
,loan crisis of the #aihjs1 a series of 
strike forces based in #bg cities was   
staffed with #a1jjj ,,fbi agents and    
forensic experts and dozens of ,federal 
prosecutors44  7#d7 ,fraud also played a
 decisive role in the ,savings and ,loan
 crisis4 ,the ,,fbi and ,justice        
,department made prosecuting those elite
 frauds among its highest priorities4   
,this took a massive commitment of ,,fbi
 resources1 but it produced the most    
successful prosecution of an epidemic of
 elite fraud in history--over #a1jjj    
priority felony convictions of senior   
insiders1 according to ,professor       
,william ,k4 ,black in his book ,the    
,best ,way to ,rob a ,bank is to ,own   
,one4  7#e7 ,however1 the ,,fbi1 because

 of its crippling personnel limitations1
 has been unable to assign sufficient   
,,fbi agents assigned to investigate the
 current global financial crisis4 ,the  
,,fbi identified the mortgage fraud     
epidemic in congressional testimony in  
,september #bjjd4 ,it had so few        
white-collar crime specialists          
available1 however1 that it was able to 
assign only #abj special agents to      
mortgage fraud cases--less than         
one-eighth the agents it found essential
 to respond adequately to the huge1 but 
far smaller1 ,savings and ,loan crisis4 
7#f7 ,given the magnitude of the        
financial crisis of #bjjh and the       
resulting losses and billions of        
taxpayer dollars spent to keep the      
financial system from collapsing1 the   
,,fbi should have no less than #a1jjj   
agents to address corporate1 securities1
 and mortgage fraud located across the  
country1 and1 in addition1 more forensic
 experts and ,federal prosecutors to    
uncover the crimes committed and bring  

the perpetrators to justice4  7#g7 ,this
 authorization is expected to bring the 
,,fbi and prosecutorial staffing to the 
necessary levels to investigate complex 
financial crimes and prosecute those who
 have committed these crimes4  #c4      
,allowable use of funds ,the funds      
authorized in this ,act shall be used   
for the following3  7#a7 ,the hiring of 
additional employees1 including the     
hiring of #a1jjj ,,fbi agents and1 in   
addition1 a sufficient number of        
forensic experts1 by the ,director of   
the ,federal ,bureau of ,investigation  
in the ,department of ,justice to       
investigate corporate1 securities1 and  
mortgage fraud1 and associated          
violations of the law relating to the   
,united ,states financial markets4  7#b7
 ,the hiring of additional employees by 
the ,attorney ,general of the           
,department of ,justice to prosecute    
violations of the laws relating to the  
,united ,states financial markets4  7#c7
 ,the hiring of additional employees by 

the ,chair of the ,securities and       
,exchange ,commission ,division of      
,enforcement to investigate and         
prosecute violations of the law relating
 to ,united ,states financial markets4  
#d4 ,authorizations ,there are          
authorized to be appropriated to carry  
out this ,act such sums as necessary for
 fiscal year #bjac1 fiscal year #bjad1  
fiscal year #bjae1 and fiscal year      
#bjaf4 ,such sums shall be available    
until obligated4