H.R. 389, Kleptocracy Asset Recovery Rewards Act

3.0.0 389 2022-11-01T13:49:20Z 2022-11-01T13:49:20Z House HR 2019-01-09 116 [Congressional Record Volume 165, Number 4 (Wednesday, January 9, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LYNCH:H.R. 389.Congress has the power to enact this legislation pursuantto the following:Article 1 section 8 Clause i8 of the United StatesConstitution.[Page H360]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-05-15T17:27:07Z hsba00 Financial Services Committee House Standing Reported by 2019-05-14T19:55:13Z Markup by 2019-03-28T14:14:30Z Referred to 2019-01-09T15:07:05Z H. Rept. 116-60 2019-05-15 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-05-14 17:20:57 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2019-05-14 17:20:55 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3764-3766) Floor H37300 2 House floor actions 2019-05-14 17:20:55 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) Floor 8000 9 Library of Congress 2019-05-14 17:08:53 DEBATE - The House proceeded with forty minutes of debate on H.R. 389. Floor H8D000 2 House floor actions 2019-05-14 17:08:52 Considered under suspension of the rules. (consideration: CR H3764-3767) Floor H30000 2 House floor actions 2019-05-14 17:08:44 Ms. Waters moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2019-05-14 Placed on the Union Calendar, Calendar No. 38. Calendars H12410 2 House floor actions U00038 2019-05-14 Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2019-05-14 Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2019-03-28 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by Unanimous Consent. Committee 2019-03-28 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2019-03-27 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2019-03-26 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2019-01-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-01-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-01-09 Introduced in House IntroReferral 1000 9 Library of Congress L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 N C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2019-01-09 True B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2019-01-09 True R000602 Rep. Rice, Kathleen M. [D-NY-4] Kathleen Rice D NY M. 4 2019-04-03 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2019-05-14 False 2019-04-15T20:44:36Z H.R. 389, Kleptocracy Asset Recovery Rewards Act https://www.cbo.gov/publication/55113 As ordered reported by the House Committee on Financial Services on March 28, 2019 Finance and Financial Sector 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 Finance and Financial Sector

00 2019-01-09 Introduced in House 2019-01-31T21:05:13Z 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.

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53 2019-05-14 Passed House 2019-05-31T15:26:04Z Kleptocracy Asset Recovery Rewards Act

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.

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Kleptocracy Asset Recovery Rewards Act Display Title Kleptocracy Asset Recovery Rewards Act Short Title(s) as Passed House Kleptocracy Asset Recovery Rewards Act H House Engrossed in House EH Official Title as Introduced To authorize the Secretary of the Treasury to pay rewards under an asset recovery rewards program to help identify and recover stolen assets linked to foreign government corruption and the proceeds of such corruption hidden behind complex financial structures in the United States and abroad. Engrossed in House EH Short Titles as Passed House Kleptocracy Asset Recovery Rewards Act H House Short Title(s) as Introduced Kleptocracy Asset Recovery Rewards Act Introduced in House IH Short Title(s) as Reported to House Kleptocracy Asset Recovery Rewards Act H House Reported in House RH Referred in Senate 2019-05-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr389rfs/xml/BILLS-116hr389rfs.xml Reported in House 2019-05-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr389rh/xml/BILLS-116hr389rh.xml Engrossed in House 2019-05-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr389eh/xml/BILLS-116hr389eh.xml Introduced in House 2019-01-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr389ih/xml/BILLS-116hr389ih.xml 2019-05-15 Received in the Senate and 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.