,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #aca  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #c1 #bjac ,ms4
 ,kaptur introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ! ,judici>y1 &
 9 addition to ! ,committee on ,f9ancial
 ,s]vices1 = a p]iod to be subsequ5tly  
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to provide additional res\rces
 = ,f$]al inve/igations & prosecutions (
 crimes relat$ to ! #bjjh ,f9ancial     
,crisis1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z !         
,f9ancial ,crisis ,crim9al ,inve/igation
 ,act4  #b4 ,f9d+s ,congress f9ds !     
foll[+3  7#a7 ,! ,f$]al ,bureau (       
,inve/igation 7,,fbi7 has te/ifi$ t     
today's f9ancial crisis dw>ves ! ,s,l   
crisis z f9ancial in/itutions h r$uc$ _!
 assets by m ?an #a trillion relat$ to !
 curr5t global f9ancial crisis comp>$ to
 ! e/imat$ #afj million lo/ dur+ ! ,s,l 
crisis4 7,te/imony by ,mr4 ,john        

,pi/ole1 ,deputy ,director ( ! ,f$]al   
,bureau ( ,inve/igation ( ! ,unit$      
,/ates ,dep>tm5t ( ,ju/ice be=e ! ,u4,s4
 ,s5ate ,committee on ! ,judici>y1      
,febru>y #aa1 #bjji74  7#b7 ,! ,,fbi has
 te/ifi$ t mortgage fraud 0 su* a major 
contributor to ! curr5t global f9ancial 
crisis t3 x w\ld be irresponsible to    
neglect mortgage fraud's impact on !    
,u4,s4 h\s+ & f9ancial m>kets4  7#c7 ,9 
! late #aihjs & e>ly #aiijs1 ! ,unit$   
,/ates exp]i5c$ a simil> f9ancial crisis
 ) ! collapse ( ! ,sav+s & ,loan        
in/itutions4 ,aga91 accord+ to ,deputy  
,director ,pi/ole1 ! ,dep>tm5t ( ,ju/ice
 7,,doj71 & m specifically ! ,,fbi1 7   
provid$ a numb] ( tools ?r\gh !         
,f9ancial ,in/itutions ,re=m1 ,recov]y &
 ,en=cem5t ,act ( #aihi 7,,firrea7 &    
,crime ,control ,act ( #aiij 7,,cca7 to 
combat ! a=em5tion$ crisis4 ,z /at$ 9   
,s5ate ,bill #cca dat$ ,janu>y #bg1     
#bjji1 9 ! wake ( ! ,sav+s & ,loan      
crisis ( ! #aihjs1 a s]ies ( /rike =ces 
bas$ 9 #bg cities 0 /aff$ ) #a1jjj ,,fbi

 ag5ts & =5sic exp]ts & doz5s ( ,f$]al  
prosecutors44  7#d7 ,fraud also play$ a 
decisive role 9 ! ,sav+s & ,loan crisis4
 ,! ,,fbi & ,ju/ice ,dep>tm5t made      
prosecut+ ^? elite frauds among its     
highe/ priorities4 ,?is took a massive  
commitm5t ( ,,fbi res\rces1 b x produc$ 
! mo/ successful prosecution ( an       
epidemic ( elite fraud 9 hi/ory--ov]    
#a1jjj priority felony convictions (    
s5ior insid]s1 accord+ to ,pr(essor     
,william ,k4 ,black 9 8 book ,! ,be/    
,way to ,rob a ,bank is to ,own ,"o4    
7#e7 ,h[ev]1 ! ,,fbi1 because ( its     
crippl+ p]sonnel limitations1 has be5   
unable to assign suffici5t ,,fbi ag5ts  
assign$ to inve/igate ! curr5t global   
f9ancial crisis4 ,! ,,fbi id5tifi$ !    
mortgage fraud epidemic 9 congressional 
te/imony 9 ,septemb] #bjjd4 ,x _h s few 
:ite-coll> crime speciali/s available1  
h[ev]1 t x 0 able to assign only #abj   
special ag5ts to mortgage fraud         
cases--less ?an "o-eigh? ! ag5ts x f\nd 
ess5tial to respond adequately to !     

huge1 b f> small]1 ,sav+s & ,loan       
crisis4  7#f7 ,giv5 ! magnitude ( !     
f9ancial crisis ( #bjjh & ! result+     
losses & billions ( taxpay] doll>s sp5t 
to keep ! f9ancial sy/em f collaps+1 !  
,,fbi %\ld h no less ?an #a1jjj ag5ts to
 address corporate1 securities1 &       
mortgage fraud locat$ across ! c\ntry1  
&1 9 addition1 m =5sic exp]ts & ,f$]al  
prosecutors to uncov] ! crimes committ$ 
& br+ ! p]petrators to ju/ice4  7#g7    
,?is au?orization is expect$ to br+ !   
,,fbi & prosecutorial /aff+ to !        
necess>y levels to inve/igate complex   
f9ancial crimes & prosecute ^? :o h     
committ$ ^! crimes4  #c4 ,all[able use (
 funds ,! funds au?oriz$ 9 ?is ,act %all
 be us$ = ! foll[+3  7#a7 ,! hir+ (     
additional employees1 includ+ ! hir+ (  
#a1jjj ,,fbi ag5ts &1 9 addition1 a     
suffici5t numb] ( =5sic exp]ts1 by !    
,director ( ! ,f$]al ,bureau (          
,inve/igation 9 ! ,dep>tm5t ( ,ju/ice to
 inve/igate corporate1 securities1 &    
mortgage fraud1 & associat$ violations (

 ! law relat+ to ! ,unit$ ,/ates        
f9ancial m>kets4  7#b7 ,! hir+ (        
additional employees by ! ,attorney     
,g5]al ( ! ,dep>tm5t ( ,ju/ice to       
prosecute violations ( ! laws relat+ to 
! ,unit$ ,/ates f9ancial m>kets4  7#c7  
,! hir+ ( additional employees by !     
,*air ( ! ,securities & ,ex*ange        
,commission ,division ( ,en=cem5t to    
inve/igate & prosecute violations ( !   
law relat+ to ,unit$ ,/ates f9ancial    
m>kets4  #d4 ,au?orizations ,!re are    
au?oriz$ to be appropriat$ to c>ry out  
?is ,act su* sums z necess>y = fiscal   
ye> #bjac1 fiscal ye> #bjad1 fiscal ye> 
#bjae1 & fiscal ye> #bjaf4 ,su* sums    
%all be available until obligat$4