Legis Daily

Kleptocracy Asset Recovery Rewards Act

USA116th CongressHR-389| House 
| Updated: 5/15/2019
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Cosponsors (4)
Kathleen M. Rice (Democratic)Steve Cohen (Democratic)Brian K. Fitzpatrick (Republican)Ted Budd (Republican)

Financial Services Committee, Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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. 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.

Bill Text Versions

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4 versions available

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Timeline
Jan 9, 2019
Introduced in House
Jan 9, 2019
Referred to the House Committee on Financial Services.
Mar 26, 2019
Committee Consideration and Mark-up Session Held.
Mar 27, 2019
Committee Consideration and Mark-up Session Held.
Mar 28, 2019
Committee Consideration and Mark-up Session Held.
Mar 28, 2019
Ordered to be Reported (Amended) by Unanimous Consent.
May 14, 2019
Placed on the Union Calendar, Calendar No. 38.
May 14, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.
May 14, 2019
Ms. Waters moved to suspend the rules and pass the bill, as amended.
May 14, 2019
Considered under suspension of the rules. (consideration: CR H3764-3767)
May 14, 2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 389.
May 14, 2019
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)
May 14, 2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3764-3766)
May 14, 2019
Motion to reconsider laid on the table Agreed to without objection.
May 15, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • January 9, 2019
    Introduced in House


  • January 9, 2019
    Referred to the House Committee on Financial Services.


  • March 26, 2019
    Committee Consideration and Mark-up Session Held.


  • March 27, 2019
    Committee Consideration and Mark-up Session Held.


  • March 28, 2019
    Committee Consideration and Mark-up Session Held.


  • March 28, 2019
    Ordered to be Reported (Amended) by Unanimous Consent.


  • May 14, 2019
    Placed on the Union Calendar, Calendar No. 38.


  • May 14, 2019
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.


  • May 14, 2019
    Ms. Waters moved to suspend the rules and pass the bill, as amended.


  • May 14, 2019
    Considered under suspension of the rules. (consideration: CR H3764-3767)


  • May 14, 2019
    DEBATE - The House proceeded with forty minutes of debate on H.R. 389.


  • May 14, 2019
    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)


  • May 14, 2019
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3764-3766)


  • May 14, 2019
    Motion to reconsider laid on the table Agreed to without objection.


  • May 15, 2019
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Bank accounts, deposits, capitalCongressional oversightCriminal investigation, prosecution, interrogationForeign and international bankingForeign propertyFraud offenses and financial crimesGovernment ethics and transparency, public corruption

Kleptocracy Asset Recovery Rewards Act

USA116th CongressHR-389| House 
| Updated: 5/15/2019
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. 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.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 9, 2019
Introduced in House
Jan 9, 2019
Referred to the House Committee on Financial Services.
Mar 26, 2019
Committee Consideration and Mark-up Session Held.
Mar 27, 2019
Committee Consideration and Mark-up Session Held.
Mar 28, 2019
Committee Consideration and Mark-up Session Held.
Mar 28, 2019
Ordered to be Reported (Amended) by Unanimous Consent.
May 14, 2019
Placed on the Union Calendar, Calendar No. 38.
May 14, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.
May 14, 2019
Ms. Waters moved to suspend the rules and pass the bill, as amended.
May 14, 2019
Considered under suspension of the rules. (consideration: CR H3764-3767)
May 14, 2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 389.
May 14, 2019
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)
May 14, 2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3764-3766)
May 14, 2019
Motion to reconsider laid on the table Agreed to without objection.
May 15, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • January 9, 2019
    Introduced in House


  • January 9, 2019
    Referred to the House Committee on Financial Services.


  • March 26, 2019
    Committee Consideration and Mark-up Session Held.


  • March 27, 2019
    Committee Consideration and Mark-up Session Held.


  • March 28, 2019
    Committee Consideration and Mark-up Session Held.


  • March 28, 2019
    Ordered to be Reported (Amended) by Unanimous Consent.


  • May 14, 2019
    Placed on the Union Calendar, Calendar No. 38.


  • May 14, 2019
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.


  • May 14, 2019
    Ms. Waters moved to suspend the rules and pass the bill, as amended.


  • May 14, 2019
    Considered under suspension of the rules. (consideration: CR H3764-3767)


  • May 14, 2019
    DEBATE - The House proceeded with forty minutes of debate on H.R. 389.


  • May 14, 2019
    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)


  • May 14, 2019
    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3764-3766)


  • May 14, 2019
    Motion to reconsider laid on the table Agreed to without objection.


  • May 15, 2019
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Cosponsors (4)
Kathleen M. Rice (Democratic)Steve Cohen (Democratic)Brian K. Fitzpatrick (Republican)Ted Budd (Republican)

Financial Services Committee, Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalCongressional oversightCriminal investigation, prosecution, interrogationForeign and international bankingForeign propertyFraud offenses and financial crimesGovernment ethics and transparency, public corruption