[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3698 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 3698

To amend the September 11th Victim Compensation Fund of 2001 to provide 
   for the liquidation of blocked assets of terrorists and terrorist 
 organizations in order to reimburse the Treasury for the compensation 
                                   of
                               claimants.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 7, 2002

   Mr. Camp introduced the following bill; which was referred to the 
    Committee on the Judiciary, and in addition to the Committee on 
International Relations, 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

_______________________________________________________________________

                                 A BILL


 
To amend the September 11th Victim Compensation Fund of 2001 to provide 
   for the liquidation of blocked assets of terrorists and terrorist 
 organizations in order to reimburse the Treasury for the compensation 
                             of claimants.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. LIQUIDATION OF BLOCKED TERRORIST ASSETS.

    Section 406 of the September 11th Victim Compensation Fund of 2001 
(Public Law 107-42; 49 U.S.C. 40101 note) is amended by adding at the 
end the following:
    ``(d) Liquidation of Blocked Assets.--
            ``(1) Liquidation.--The President may vest and liquidate 
        assets described in paragraph (2) and use the proceeds from the 
        liquidation to reimburse the Treasury and any account described 
        in subsection (c) for any amounts paid to individuals pursuant 
        to subsection (a) before or after the enactment of this 
        subsection.
            ``(2) Description of assets.--The assets referred to in 
        paragraph (1) are any property and interests in property--
                    ``(A) that are blocked pursuant to Executive order 
                13224 of September 24, 2001; or
                    ``(B) that are blocked pursuant to section 219 of 
                the Immigration and Nationality Act, any other 
                provision of law, or any other Executive order, by 
                virtue of--
                            ``(i) involvement in, risk of involvement 
                        in, or sponsorship or support for, acts of 
                        terrorism, or
                            ``(ii) ownership or control by, or 
                        association with, persons or organizations who 
                        are involved in, pose a risk of involvement in, 
                        or sponsor or support acts of terrorism.''.
                                 <all>