BASTA Act

Bill: 113-hr-5367
Sponsor: full_name: Rep. Posey, Bill [R-FL-8]
Introduced: 2014-07-31
Policy area: Law
Subjects: Bank accounts, deposits, capital

Civil actions and liability

Foreign property

Terrorism
Latest action: action_date: 2014-09-26
text: Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

Summaries:
action_date: 2014-07-31
action_desc: Introduced in House
text: <p>Bank Account Seizure of Terrorist Assets Act or BASTA Act - Amends the Terrorism Risk Insurance Act of 2002 to subject the blocked assets of a terrorist party to execution or attachment in aid of execution in order to satisfy a judgment based upon an act of terrorism, regardless of whether the terrorist party ceases to be a terrorist party after judgment is entered.</p> <p>Redefines a blocked asset to include any asset seized or frozen by the United States under the Foreign Narcotics Kingpin Designation Act. </p>

tv_txt: I 113th CONGRESS 2d Session H. R. 5367 IN THE HOUSE OF REPRESENTATIVES July 31, 2014 Mr. Posey (for himself, Mr. Huizenga of Michigan , Mr. Mulvaney , and Mr. Westmoreland ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend the Terrorism Risk Insurance Act of 2002 to allow for the use of certain assets of foreign entities to satisfy certain judgments against terrorist parties, and for other purposes.

1. Short title This Act may be cited as the Bank Account Seizure of Terrorist Assets Act or BASTA Act . 2. Use of certain assets to satisfy judgments against terrorist parties (a) In general Section 201(a) of the Terrorism Risk Insurance Act of 2002 ( 28 U.S.C. 1610 note) is amended by adding at the end the following: For purposes of this section, the blocked assets of a terrorist party are subject to execution or attachment in aid of execution in order to satisfy such judgment regardless of whether the terrorist party ceases to be a terrorist party after such judgment is entered. . (b) Definitions Section 201(d) of the Terrorism Risk Insurance Act of 2002 ( 28 U.S.C. 1610 note) is amended— (1) in paragraph (2)— (A) in the matter preceding subparagraph (A), by striking means ; (B) by amending paragraph (2)(A) to read as follows: (A) means any asset seized or frozen by the United States under section 5(b) of the Trading With the Enemy Act ( 50 U.S.C. App. 5(b) ), under sections 202 and 203 of the International Emergency Economic Powers Act ( 50 U.S.C. 1701 ; 1702), or under section 805(b) of the Foreign Narcotics Kingpin Designation Act ( 21 U.S.C. 1904(b) ); and ; (2) by redesignating paragraph (4) as paragraph (5); and (3) by inserting after paragraph (3) the following: (4) Person In subsection (a), the term person means a person who, at the time the act of terrorism described in subsection (a) was committed upon which the judgment described in such subsection was obtained by that person, was either— (A) a national of the United States as defined in section 101(a)(22) of the Immigration and Nationality Act ( 8 U.S.C. 1101(a)(22) ); (B) a member of the Armed Forces of the United States; or (C) otherwise an employee of the Government of the United States, or of an individual performing a contract awarded by the United States Government, acting within the scope of the employee’s employment. . 3. Effective date The amendments made by this Act apply to any judgment entered before, on, or after the date of the enactment of this Act.