34 U.S.C. § 41501 — Financial institutions fraud task forces

(a) Setting up task forces. The Attorney General must create financial institutions fraud task forces as needed, to make sure enough resources go toward investigating and prosecuting crimes in or against financial institutions, and recovering money from people who committed fraud or other crimes against the financial services industry.

(b) Supervision. The Attorney General decides how each task force is supervised, and may have the Special Counsel supervise any task force.

(c) Senior interagency group. (1) The Attorney General must create a senior interagency group to help identify the most serious financial institution fraud cases and direct investigative and prosecutorial resources where most needed. (2) This group is chaired by the Special Counsel and includes senior officials from (A) the Department of Justice, including the FBI and the Advisory Committee of U.S. Attorneys; (B) the Treasury Department; (C) the FDIC; (D) the Office of the Comptroller of the Currency; (E) the Federal Reserve Board; and (F) the National Credit Union Administration. (3) This group must improve coordination between agencies and help speed up investigations and prosecutions of financial institution fraud.