S. 331, The SAFE Markets Act

• This item is from the 111th Congress (2009-2010) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Version saved on May 6, 2009, 19:53:59, by webmaster:

S. 331 would increase the number of Federal law enforcement officials investigating and prosecuting financial fraud.

Detailed Summary

Supplemental Anti-Fraud Enforcement for our Market Act or the SAFE Markets Act - Authorizes: (1) the Director of the Federal Bureau of Investigation (FBI) to hire an additional 500 agents who shall be dedicated to investigating violations of the law relating to the U.S. financial markets; (2) the Attorney General to hire an additional 50 Assistant United States Attorneys who shall be dedicated to prosecuting such violations; and (3) the Securities and Exchange Commission (SEC) to hire 100 additional enforcement staff members who shall be dedicated to prosecuting such violations.

Status of the Legislation

Latest Major Action: 1/27/2009: Referred to Senate committee. Status: Read twice and referred to the Committee on the Judiciary.

Points in Favor

(Log in to edit the wiki and be the first to show why the bill should pass!)

Points Against

(Log in to edit the wiki and be the first to show why the bill should not pass!)

« Return to Revision History.