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Bill116th CongressFiled Jan 9, 2019Finance and Financial Sector
H.R. 389

Kleptocracy Asset Recovery Rewards Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary 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.

What just happenedMay 15, 2019

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

Who’s behind it

Rep. Lynch, Stephen F. [D-MA-8](D-MA)Sponsor
4 cosponsors2 D2 R
Read on Congress.gov
4cosponsors2committees17actions7subjects
  1. May 15, 2019IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. May 14, 2019FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. May 14, 2019FloorH37300

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

  4. May 14, 2019Floor8000

    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)

  5. May 14, 2019FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 389.

  6. May 14, 2019FloorH30000

    Considered under suspension of the rules. (consideration: CR H3764-3767)

  7. May 14, 2019FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill, as amended.

  8. May 14, 2019CalendarsH12410

    Placed on the Union Calendar, Calendar No. 38.

  9. May 14, 2019CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.

    Financial Services Committee
  10. May 14, 2019Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.

    Financial Services Committee
  11. Mar 28, 2019Committee

    Ordered to be Reported (Amended) by Unanimous Consent.

    Financial Services Committee
  12. Mar 28, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Mar 27, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  14. Mar 26, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  15. Jan 9, 2019IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  16. Jan 9, 2019IntroReferralIntro-H

    Introduced in House

  17. Jan 9, 2019IntroReferral1000

    Introduced in House

Passed HouseMay 14, 201953

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.

Introduced in HouseJan 9, 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.

The bill provides for the administration of the program, including reward payment and eligibility.

Kleptocracy Asset Recovery Rewards Act — Informed