3.0.0 3442 2023-01-11T13:33:30Z 2023-01-11T13:33:30Z Senate S 2016-09-28 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2016-09-28T21:32:21Z 2016-09-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-09-28 Introduced in Senate IntroReferral 10000 9 Library of Congress B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT N Finance and Financial Sector Bank accounts, deposits, capital Civil actions and liability Crime victims Foreign property Government liability Iran Middle East Securities Terrorism Finance and Financial Sector 00 2016-09-28 Introduced in Senate 2017-06-05T19:01:02Z Terrorism Victims Protection Act

This bill amends the Terrorism Risk Insurance Act of 2002 to allow a person's judgment against a terrorist party or a state sponsor of terrorism to be satisfied with: (1) assets blocked by the U.S. government that pass through the U.S. financial system as a transfer of funds between non-state owned, non-U.S. financial institutions located outside the United States or as a mid-stream electronic fund transfer in possession of an intermediary bank; (2) assets located outside the United States that, if located in the United States, would be subject to seizure or freezing under the Trading with the Enemy Act or the International Emergency Economic Powers Act, if a U.S. court has jurisdiction over the person in possession; or (3) attempted transfers for the benefit of a terrorist party to accounts located outside the United States.

The bill protects the interests of non-terrorist third parties in the blocked assets, but these third-party protections do not apply to custodial interests of a foreign securities intermediary holding blocked assets outside the United States for the government of Iran.

The bill nullifies attempted transfers outside the United States of assets of a state sponsor of terrorism liable for personal injury or death, unless the person who held the asset establishes that the transfer was not a willful violation of a court order or an enforcement process.

]]> Terrorism Victims Protection Act Display Title Terrorism Victims Protection Act Official Title as Introduced A bill to amend the Terrorism Risk Insurance Act of 2002 to provide for the release of certain blocked assets, and for other purposes. Introduced in Senate IS Short Titles as Introduced Terrorism Victims Protection Act Introduced in Senate 2016-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s3442is/xml/BILLS-114s3442is.xml 2016-09-28 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.