Executive Order 13271: Establishment of the Corporate Fraud Task Force

President: George W. Bush

Directed the Attorney General to establish a Justice Department-led task force to coordinate significant corporate and financial-fraud investigations, prosecutions, asset recovery, intergovernmental cooperation and policy recommendations.

Status: Superseded. Is Executive Order 13271 still in effect? No. Executive Order 13271 was superseded. See Federal Register record.

What does Executive Order 13271 do?

The order assigned these duties: Attorney General — Establish and supervise the Corporate Fraud Task Force; Deputy Attorney General — Chair the task force, convene its first meeting and direct its work.

Checked the task force’s coordination mandate and membership against EO 13286 and EO 13519. The later order terminated this body and created a broader successor; the guide does not imply that the original task force remains active.

SignedJuly 9, 2002
IssuerPresident George W. Bush
Lead agencies or officialsAttorney General, Deputy Attorney General, Justice components, selected U.S. Attorneys and financial regulators
Express timingFirst meeting within 10 days; thereafter as convened by the chair

Before and after

Before the order

Major accounting scandals were being handled by multiple prosecutors and regulators without the task force structure specified by this order.

After the order

Justice created the task force, added participating agencies and reported corporate-fraud prosecutions and regulatory actions. EO 13286 added the Homeland Security Secretary in 2003. EO 13519 terminated EO 13271 in 2009 and replaced its body with the broader Financial Fraud Enforcement Task Force.

Who had to do what

Agency / officeActionTiming / position
Attorney GeneralEstablish and supervise the Corporate Fraud Task ForceImmediately
Deputy Attorney GeneralChair the task force, convene its first meeting and direct its workFirst meeting within 10 days
Task force membersCoordinate major cases, recommend resources and propose policy or legislative changesOngoing until termination

What happened next

EO 13271 signed.

EO 13271 created the Corporate Fraud Task Force.

EO 13286 added the Homeland Security Secretary to specified policy functions.

EO 13519 replaced the body and terminated EO 13271.