Establishment of the Financial Fraud Enforcement Task Force

Executive Order 13519 of November 17, 2009

Establishment of the Financial Fraud Enforcement
Task Force

By the authority vested in me as President by the
Constitution and the laws of the United States of
America, and in order to strengthen the efforts of the
Department of Justice, in conjunction with Federal,
State, tribal, territorial, and local agencies, to
investigate and prosecute significant financial crimes
and other violations relating to the current financial
crisis and economic recovery efforts, recover the
proceeds of such crimes and violations, and ensure just
and effective punishment of those who perpetrate
financial crimes and violations, it is hereby ordered
as follows:

Section 1. Establishment. There is hereby established
an interagency Financial Fraud Enforcement Task Force
(Task Force) led by the Department of Justice.

Sec. 2. Membership and Operation. The Task Force shall
be chaired by the Attorney General and consist of
senior-level officials from the following departments,
agencies, and offices, selected by the heads of the
respective departments, agencies, and offices in
consultation with the Attorney General:

(a) the Department of Justice;

(b) the Department of the Treasury;

(c) the Department of Commerce;

(d) the Department of Labor;

(e) the Department of Housing and Urban Development;

(f) the Department of Education;

(g) the Department of Homeland Security;

(h) the Securities and Exchange Commission;

(i) the Commodity Futures Trading Commission;

(j) the Federal Trade Commission;

(k) the Federal Deposit Insurance Corporation;

(l) the Board of Governors of the Federal Reserve System;

(m) the Federal Housing Finance Agency;

(n) the Office of Thrift Supervision;

(o) the Office of the Comptroller of the Currency;

(p) the Small Business Administration;

(q) the Federal Bureau of Investigation;

(r) the Social Security Administration;

(s) the Internal Revenue Service, Criminal Investigations;

(t) the Financial Crimes Enforcement Network;

(u) the United States Postal Inspection Service;

(v) the United States Secret Service;

(w) the United States Immigration and Customs Enforcement;

(x) relevant Offices of Inspectors General and related Federal entities,
including without limitation the Office of the Inspector General for the

Department of Housing and Urban Development, the Recovery Accountability
and Transparency Board, and the Office of the Special Inspector General for
the Troubled Asset Relief Program; and

(y) such other executive branch departments, agencies, or offices as the
President may, from time to time, designate or that the Attorney General
may invite.

The Attorney General shall convene and, through the
Deputy Attorney General, direct the work of the Task
Force in fulfilling all its functions under this order.
The Attorney General shall convene the first meeting of
the Task Force within 30 days of the date of this order
and shall thereafter convene the Task Force at such
times as he deems appropriate. At the direction of the
Attorney General, the Task Force may establish
subgroups consisting exclusively of Task Force members
or their designees under this section, including but
not limited to a Steering Committee chaired by the
Deputy Attorney General, and subcommittees addressing
enforcement efforts, training and information sharing,
and victims' rights, as the Attorney General deems
appropriate.

Sec. 3. Mission and Functions. Consistent with the
authorities assigned to the Attorney General by law,
and other applicable law, the Task Force shall:

(a) provide advice to the Attorney General for the investigation and
prosecution of cases of bank, mortgage, loan, and lending fraud; securities
and commodities fraud; retirement plan fraud; mail and wire fraud; tax
crimes; money laundering; False Claims Act violations; unfair competition;
discrimination; and other financial crimes and violations (hereinafter
financial crimes and violations), when such cases are determined by the
Attorney General, for purposes of this order, to be significant;

(b) make recommendations to the Attorney General, from time to time, for
action to enhance cooperation among Federal, State, local, tribal, and
territorial authorities responsible for the investigation and prosecution
of significant financial crimes and violations; and

(c) coordinate law enforcement operations with representatives of State,
local, tribal, and territorial law enforcement.

Sec. 4. Coordination with State, Local, Tribal, and
Territorial Law Enforcement. Consistent with the
objectives set out in this order, and to the extent
permitted by law, the Attorney General is encouraged to
invite the following representatives of State, local,
tribal, and territorial law enforcement to participate
in the Task Force's subcommittee addressing enforcement
efforts in the subcommittee's performance of the
functions set forth in section 3(c) of this order
relating to the coordination of Federal, State, local,
tribal, and territorial law enforcement operations
involving financial crimes and violations:

(a) the National Association of Attorneys General;

(b) the National District Attorneys Association; and

(c) such other representatives of State, local, tribal, and territorial law
enforcement as the Attorney General deems appropriate.

Sec. 5. Outreach. Consistent with the law enforcement
objectives set out in this order, the Task Force, in
accordance with applicable law, in addition to regular
meetings, shall conduct outreach with representatives
of financial institutions, corporate entities,
nonprofit organizations, State, local, tribal, and
territorial governments and agencies, and other
interested persons to foster greater coordination and
participation in the detection and prosecution of
financial fraud and financial crimes, and in the
enforcement of antitrust and antidiscrimination laws.

Sec. 6. Administration. The Department of Justice, to
the extent permitted by law and subject to the
availability of appropriations, shall provide
administrative support and funding for the Task Force.

Sec. 7. General Provisions. (a) Nothing in this order
shall be construed to impair or otherwise affect:

(i) authority granted by law to an executive department, agency, or the
head thereof, or the status of that department or agency within the Federal
Government; or

(ii) functions of the Director of the Office of Management and Budget
relating to budgetary, administrative, or legislative proposals.

(b) This Task Force shall replace, and continue the work of, the Corporate
Fraud Task Force created by Executive Order 13271 of July 9, 2002.
Executive Order 13271 is hereby terminated pursuant to section 6 of that
order.

(c) This order shall be implemented consistent with applicable law and
subject to the availability of appropriations.

(d) This order is not intended to, and does not, create any right or
benefit, substantive or procedural, enforceable at law or in equity by any
party against the United States, its departments, agencies, or entities,
its officers, employees, or agents, or any other person.

Sec. 8. Termination. The Task Force shall terminate
when directed by the President or, with the approval of
the President, by the Attorney General.

    (Presidential Sig.)

THE WHITE HOUSE,

    November 17, 2009.