Market Integrity Task Force (E.O. 13844)

Summary

Creates a new government group to find, stop, and punish people and companies that commit fraud against the government or the American people.

What problem does this solve?

The government needed a more coordinated way to fight complex financial crimes that harm both the country and its citizens. This order creates a special team within the Department of Justice to lead and guide the investigation and prosecution of fraud.

What does this order do?

Establishes a new task force

Creates the Task Force on Market Integrity and Consumer Fraud within the Department of Justice to fight fraud against the government and the public.

Defines task force leadership and membership

Appoints the Deputy Attorney General as the Chair and includes members from various Department of Justice divisions, the FBI, and other designated officials.

Outlines key areas of focus

Directs the Task Force to guide investigations into various types of fraud, including cyber-fraud, elder abuse, corporate fraud, and health care fraud.

Includes participation from other agencies

Allows for participation from numerous other federal agencies, like the Department of the Treasury and the Securities and Exchange Commission, to enhance cooperation.

Replaces the Financial Fraud Enforcement Task Force

Terminates the task force created by Executive Order 13519 in 2009 and revokes that order.

Provides recommendations for action

Makes recommendations to the President and Attorney General on ways to improve cooperation between agencies and suggest changes to laws or policies to better fight fraud.

Who does this affect?

Government agencies
Financial institutions and corporations
American consumers

What is the real world impact?

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Strengthens fraud investigation

Creates a central group within the Department of Justice to better coordinate efforts among federal, state, and local agencies to investigate and punish financial crimes and fraud.

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Signals a tough stance on financial crime

Shows the public that the administration is taking financial fraud seriously by creating a high-level group dedicated to punishing criminals who cheat the government and the American people.

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Replaces a previous fraud task force

Terminates the Financial Fraud Enforcement Task Force established in 2009 and replaces it with a new one, potentially signaling a shift in enforcement priorities or strategies.

When does this start?

This executive order became effective on July 11, 2018, the date it was signed.