Kleptocracy Asset Recovery Rewards Act

Bill: 116-hr-389
Sponsor: Rep. Lynch, Stephen F. [D-MA-8]
Introduced: 2019-01-09 in the House
Policy area: Finance and Financial Sector
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

Summary:
action_date: 2019-01-09
text: 

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

action_date: 2019-05-14
text: 

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.


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