HR 5580 · 107th Congress · Crime and Law Enforcement
Mandatory Restitution for Corporate Abuses Act of 2002
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.(2002-11-12)
Plain Language Summary
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Mandatory Restitution for Corporate Abuses Act of 2002 - Amends the Federal criminal code to provide for mandatory restitution for specified fraudulent offenses (including mail fraud, swindles, the use of fictitious names or addresses, fraud by wire, radio, or television, and bank fraud). Requires the restitution order to direct the defendant to pay to the victim (through the appropriate court mechanism) the full amount of the victim's losses. Prohibits the court from declining to issue such an order because of: (1) the defendant's economic circumstances; or (2) the fact that a victim has received, or is entitled to receive, compensation for his or her injuries from the proceeds of insurance or any other source. Makes restitution ordered under State criminal laws non-dischargeable in bankruptcy proceedings.…
Summarized by Claude AI · Non-partisan · For informational purposes only