Muris Testifies on Protecting Consumers from Economic Fraud
On July 14, Professor Timothy Muris appeared before the Senate Commerce, Science and Transportation Committee's Consumer Protection, Product Safety, and Insurance Subcommittee for a hearing on "The Economy and Fraud: Protecting Consumers During Downward Economic Times."
Muris expressed concern that delegating federal enforcement powers to state actors could result in haphazard prosecution efforts and opportunities for public corruption. He also feared a greater incentive for attorneys to litigate against the public interest if state enforcement actions were to result in an increase in contingency fee arrangements
Muris counseled that Congress should approach the expansion of state authority to enforce federal laws with care, ensuring that any such expansion is accompanied by safeguards to ensure that federal laws are enforced in an "open, impartial, and ethical manner."