H.R. 389 · 116th Congress
Kleptocracy Asset Recovery Rewards Act
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 116th Congress ended.
D
LynchSponsor4 cosponsors · 2 D, 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jan 9, 2019
- House Passed May 14, 2019
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.
What it does: CRS summary · Passed House · May 14, 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Kleptocracy Asset Recovery Rewards Act
Latest action (May 15, 2019): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jan 9, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Jan 9, 2019
- House Passed May 14, 2019
No recorded floor vote found.