3.0.0 6783 2023-01-11T13:41:34Z 2023-01-11T13:41:34Z House HR 2018-09-12 115 [Congressional Record Volume 164, Number 152 (Wednesday, September 12, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DONOVAN:H.R. 6783.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution[Page H8171]]]> hshm00 Homeland Security Committee House Standing hshm12 Emergency Management and Technology Subcommittee Referred to 2018-09-21T20:13:43Z Referred to 2018-09-12T16:01:05Z hsfa00 Foreign Affairs Committee House Standing Referred to 2018-09-12T16:01:00Z 2018-09-21 hshm12 Emergency Management and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Emergency Preparedness, Response and Communications. Committee 2018-09-12 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hshm00 Homeland Security Committee 2018-09-12 Referred to the Committee on Foreign Affairs, and in addition to the Committee on Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2018-09-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-09-12 Introduced in House IntroReferral 1000 9 Library of Congress D000625 Rep. Donovan, Daniel M., Jr. [R-NY-11] Daniel Donovan R NY M. 11 N B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2018-09-12 True M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2018-09-12 True International Affairs Bank accounts, deposits, capital Congressional oversight Foreign property Government studies and investigations Government trust funds Interest, dividends, interest rates Sanctions Terrorism International Affairs 00 2018-09-12 Introduced in House 2019-08-15T14:00:06Z Terrorist Asset Seizure Reform Act of 2018

This bill requires a financial institution to transfer to the Department of the Treasury (1) interest paid on certain bank accounts that are frozen as a result of sanctions; and (2) after providing notice and an opportunity for the owner to challenge, frozen or otherwise blocked assets affiliated with specified terrorist activity. Assets and interest confiscated under the bill must be deposited into a fund made available to the Federal Emergency Management Agency (FEMA) for grants related to terrorism prevention.

]]> Terrorist Asset Seizure Reform Act of 2018 Display Title Terrorist Asset Seizure Reform Act of 2018 Official Title as Introduced To require the Secretary of the Treasury to confiscate interest paid on certain frozen bank accounts, to require the Secretary to confiscate certain frozen assets, and for other purposes. Introduced in House IH Short Titles as Introduced Terrorist Asset Seizure Reform Act of 2018 Introduced in House 2018-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6783ih/xml/BILLS-115hr6783ih.xml 2018-09-21 Referred to the Subcommittee on Emergency Preparedness, Response and Communications. 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.