CCH Issues New White Paper: Congress Passes First Financial Regulation Reforms of 2009

(RIVERWOODS, ILL., May 21, 2009) – CCH Principal Securities Law Analyst Jim Hamilton, JD, has authored a new white paper, Congress Passes Its First Financial Regulation Reforms of 2009: Expands Scope and Funding of Fraud Enforcement, analyzing the recently passed Fraud Enforcement and Recovery Act. CCH is part of Wolters Kluwer Law & Business, a leading provider of research information and software solutions in key specialty areas for legal and business professionals (

“The Fraud Enforcement and Recovery Act is a major step toward holding accountable those who have caused so much damage to the U.S. economy, while at the same time protecting the TARP program and recovery efforts  under the American Recovery and Reinvestment Act from the specter of fraud,” Hamilton says.

The Act reinvigorates federal antifraud measures by expanding the scope of securities fraud provisions to include commodities and derivatives fraud and extends the prohibition against defrauding the federal government to the TARP program and the stimulus bill. It also provides additional funds to the SEC and other agencies to fight fraud and creates a Financial Crisis Inquiry Commission to examine the causes of the financial crisis.

“The Act reflects a sense of Congress that fraud contributed to an unprecedented collapse in the mortgage-backed securities market,” Hamilton observes. “The legislation attempts to ensure that this kind of collapse cannot happen again.”

Hamilton is a prolific blogger on current issues in the securities field. Jim Hamilton’s World of Securities Regulation can be found at He has written and spoken extensively on federal securities law and has been cited as an authority by a federal court. His analysis of the Sarbanes-Oxley Act, the Sarbanes-Oxley Manual: A Handbook for the Act and SEC Rules, is considered a definitive explanation of the Act. In addition to his many books and articles, Hamilton serves as a leading contributor to the industry-standard publication, the CCH Federal Securities Law Reporter.

This latest white paper from Hamilton is one of a series he has authored on new developments in securities law.

For More Information

CCH offers a wealth of special resources related to the financial crisis at the CCH Financial Crisis News Center, The Center provides the legal community and others with a cohesive and robust selection of breaking news stories, analysis and links to the full text of source documents for regulatory actions and serves as a central entry point for CCH banking and securities law resources related to the crisis. Analysis by Hamilton can be found there, as well as on his blog at

About Wolters Kluwer Law & Business

Wolters Kluwer Law & Business is a leading provider of research products and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw . Its markets include law firms, law schools, corporate counsel and professionals requiring legal and compliance information. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill.

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