Judgment Fund Transparency and Terrorism Financing Prevention Act

Bill: 114-s-3213
Sponsor: full_name: Sen. Lankford, James [R-OK]
Introduced: 2016-07-14
Policy area: Government Operations and Politics
Subjects: Foreign and international banking

Government information and archives

Government liability
Latest action: action_date: 2016-07-14
text: Read twice and referred to the Committee on the Judiciary.

Summaries:
action_date: 2016-07-14
action_desc: Introduced in Senate
text: <p><b>Judgment Fund Transparency and Terrorism Financing Prevention Act </b></p> <p>This bill requires the Department of the Treasury to disclose details after payments are made from the Judgment Fund. (The Judgment Fund is a permanent and indefinite appropriation to pay judgments against the United States.) </p> <p>Unless the disclosure is prohibited by law or a court order, Treasury must disclose to the public on a website: </p> <ul> <li>the agency or entity whose actions gave rise to the claim or judgment, </li> <li>the plaintiff or claimant, </li> <li>the counsel for the plaintiff or claimant, </li> <li>the amount paid, </li> <li>a description of the facts that gave rise to the claim, and </li> <li>the agency that submitted the claim. </li> </ul> <p>If the payment is made to a foreign state, Treasury must also disclose:</p> <ul> <li>the method of payment;</li> <li>the currency denomination used for the payment; and </li> <li>the name and location of each financial institution owned or controlled by a foreign state or an agent of a foreign state through which the payment passed, from which the payment was withdrawn, or that is holding the payment. </li> </ul> <p>No payments from the fund may be made to a state sponsor of terrorism. </p>

tv_txt: II 114th CONGRESS 2d Session S. 3213 IN THE SENATE OF THE UNITED STATES July 14, 2016 Mr. Lankford (for himself and Mrs. Fischer ) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To amend title 31, United States Code, to provide for transparency of payments made from the Judgment Fund.

1. Short title This Act may be cited as the Judgment Fund Transparency and Terrorism Financing Prevention Act . 2. Judgment Fund transparency (a) Transparency requirement Section 1304 of title 31, United States Code, is amended by adding at the end the following: (d) (1) Unless the disclosure of such information is otherwise prohibited by law or court order, the Secretary of the Treasury shall make available to the public on a website, as soon as practicable, but not later than 30 days after the date on which a payment under this section is tendered on or after January 1, 2016, the following information with regard to that payment: (A) The name of the specific agency or entity whose actions gave rise to the claim or judgment. (B) The name of the plaintiff or claimant. (C) The name of counsel for the plaintiff or claimant. (D) The amount paid representing principal liability, and any amounts paid representing any ancillary liability, including attorney fees, costs, and interest. (E) A brief description of the facts that gave rise to the claim. (F) The name of the agency that submitted the claim. (2) In addition to the information described in paragraph (1), if a payment under this section is made to a foreign state on or after January 1, 2016, the Secretary of the Treasury shall make available to the public in accordance with paragraph (1), the following information with regard to that payment: (A) A description of the method of payment. (B) A description of the currency denominations used for the payment. (C) The name and location of each financial institution owned or controlled, directly or indirectly, by a foreign state or an agent of a foreign state through which the payment passed or from which the payment was withdrawn, including any financial institution owned or controlled, directly or indirectly, by a foreign state or an agent of a foreign state that is holding the payment as of the date on which the information is made available. (3) For a payment made during the period beginning on January 1, 2016, and ending on the date of enactment of this subsection, the Secretary of the Treasury shall make available to the public the information required under paragraphs (1) and (2) with regard to that payment not later than 60 days after the date of enactment of this section. (4) In this subsection, the term foreign state has the meaning given the term in section 1603 of title 28. (e) No payment may be made under this section to a state sponsor of terrorism, as defined in section 1605A(h) of title 28. . (b) Implementation The Secretary of the Treasury shall implement the amendment made by this section beginning not later than 60 days after the date of enactment of this Act.