HOUSE 389116th CongressReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Kleptocracy Asset Recovery Rewards Act

Last Action: 5/15/2019

Actions

2019-05-15Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2019-05-14Motion to reconsider laid on the table Agreed to without objection.
2019-05-14On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3764-3766)
2019-05-14Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H3764-3766)
2019-05-14DEBATE - The House proceeded with forty minutes of debate on H.R. 389.
2019-05-14Considered under suspension of the rules. (consideration: CR H3764-3767)
2019-05-14Ms. Waters moved to suspend the rules and pass the bill, as amended.
2019-05-14Placed on the Union Calendar, Calendar No. 38.
2019-05-14Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.
2019-05-14Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.
2019-03-28Ordered to be Reported (Amended) by Unanimous Consent.
2019-03-28Committee Consideration and Mark-up Session Held.
2019-03-27Committee Consideration and Mark-up Session Held.
2019-03-26Committee Consideration and Mark-up Session Held.
2019-01-09Referred to the House Committee on Financial Services.

Showing 15 of 17 actions. Full history on Congress.gov.

CRS Summary

As of 2019-05-14 (53)

Kleptocracy Asset Recovery Rewards Act

This bill establishes in the Department of the Treasury the Kleptocracy Asset Recovery Rewards Program. The program may provide rewards to individuals furnishing information leading to the restraining, seizure, forfeiture, or repatriation of stolen assets linked to foreign government corruption.

A person is ineligible for a reward if they are an officer or employee of a federal, state, local, or foreign government and furnish such information in the course of their official duties. A person may be ineligible if Treasury reasonably believes that such person knowingly participated in certain forms of government corruption.

The bill provides for the administration of the program, including reward payment and eligibility.

Rewards must, to the extent possible, be paid first from any recovered assets.

Treasury must obtain approval from the Department of Justice before paying a reward under this Act in a matter where there is federal criminal jurisdiction.

Cosponsors (4)

Steve Cohen (D-TN)
Ted Budd (R-NC)
Kathleen Rice (D-NY)
Brian Fitzpatrick (R-PA)

Subjects

Bank accounts, deposits, capital
Congressional oversight
Criminal investigation, prosecution, interrogation
Foreign and international banking
Foreign property
Fraud offenses and financial crimes
Government ethics and transparency, public corruption

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.