Terrorist Asset Seizure Reform Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 12, 2018)
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.
What just happenedSep 21, 2018
Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
Who’s behind it
- Introduced in HouseSep 12, 2018
- Sep 21, 2018Committee
Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
Emergency Management and Technology Subcommittee - Sep 12, 2018IntroReferralH11100
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.
Homeland Security Committee - Sep 12, 2018IntroReferralH11100
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.
Foreign Affairs Committee - Sep 12, 2018IntroReferralIntro-H
Introduced in House
- Sep 12, 2018IntroReferral1000
Introduced in House