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Joint Economic Committee hearing: witnesses say FBI is best positioned to lead response but urge faster coordination and possible legislative fixes
Summary
At a Joint Economic Committee hearing, witnesses told members the FBI is "best positioned" to lead international responses but said agencies must move faster, clarify definitions of the threat, and consider congressional legislative changes; one witness urged more emphasis on prevention and restitution rather than prosecution alone.
At a Joint Economic Committee hearing, witnesses and members debated which federal agency should lead responses to large-scale, cross-border fraud and abuse, with witnesses saying the FBI is best positioned but urging faster coordination and clearer legal definitions.
Mr. Bagodyan told the panel that his team "assessed that the FBI was best positioned given their responsibilities and capabilities, especially internationally" and described the bureau as a natural starting point for interagency leadership. He said other agencies had given mixed responses to the panel’s recommendations and that…
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