Executive Order 13519: Establishment of the Financial Fraud Enforcement Task Force

President: Barack Obama

Created a Justice-led interagency task force to coordinate investigation and prosecution of financial fraud arising from the financial crisis.

Status: Revoked.

Is Executive Order 13519 still in effect? No. Revoked and task force terminated by EO 13844 in 2018.

What does Executive Order 13519 do?

EO 13519 brought federal departments, regulators, inspectors general and state and local partners together to target mortgage, securities, procurement, recovery-fund and other financial fraud. It organized cooperation rather than creating new crimes. EO 13844 terminated the task force and revoked the order in 2018.

Administration position: The task force improved coordination; allegations still required proof under existing law and defendants retained normal procedural rights.
SignedNovember 17, 2009
ChairAttorney General
Enforcement basisExisting civil and criminal law
RevokedEO 13844 on July 11, 2018

Before and after

Before the order

Financial-crisis enforcement was spread across many agencies and jurisdictions.

After the order

Working groups pooled intelligence and coordinated investigations, prosecutions and public reporting.

Who had to do what

Agency / officeActionTiming / position
Attorney GeneralChair and direct the task forceEnded
Member agenciesShare information and coordinate casesMoved to later structures
Executive directorManage operations and working groupsEnded

What happened next

EO 13519 created the task force.

EO 13844 terminated it and created a different fraud task force.