• House passes the Fraud Enforcement and Recovery Act of 2009; Would Establish a Financial Crisis Inquiry Commission for 18-Month Investigation of the U.S. Financial Crisis
  • May 22, 2009 | Authors: Charles E. Davidow; Eric S. Goldstein; Michele Hirshman; Brad S. Karp; Daniel Kramer
  • Law Firms: Paul, Weiss, Rifkind, Wharton & Garrison LLP - Washington Office ; Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • Yesterday, the House of Representatives passed the Fraud Enforcement and Recovery Act of 2009 ("FERA") (S.326), which, among other things, establishes a Financial Crisis Inquiry Commission ("Commission") with broad powers to investigate the domestic and global causes of the current financial and economic crisis in the United States.