WASHINGTON - Senate Banking Committee members Charles Schumer, D-N.Y., and Richard Shelby, R-Ala., introduced legislation yesterday that would provide an additional $110 million for federal law enforcement agencies to boost the number of investigators and prosecutors of white-collar crimes that have contributed to the ongoing financial crisis.

The Supplemental Anti-Fraud Enforcement Markets Act calls for the hiring of 50 new Federal Bureau of Investigation agents, 50 new assistant U.S. attorneys, and 100 new Securities and Exchange Commission enforcement officials. The FBI would receive an additional $80 million annually, while the SEC and Justice Department would receive $20 million and $10 million, respectively.

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