And yet, the federal government's ability to investigate and prosecute these frauds is severely hindered by outdated laws and a lack of resources.

WHITEHOUSE: President Obama: Reform for Homeowners

If America is to be the land of innovation then we must start doing away with outdated laws and ensure that new ones are necessary, specific and clear.

FORBES: Does the Government Hurt Innovation?

Lord Browne of Laydton pledged Labour's support for the bill "to the extent it seeks to reform our outdated libel laws".

BBC: Defamation Bill