HR 389 · 116th Congress · Finance and Financial Sector

Kleptocracy Asset Recovery Rewards Act

Introduced 2019-01-09· Sponsored by Rep. Lynch, Stephen F. [D-MA-8]· House

Bill Progress

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Introduced
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Committee
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House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2019-05-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 389, Kleptocracy Asset Recovery Rewards Act

Apr 15, 2019

As ordered reported by the House Committee on Financial Services on March 28, 2019

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (4)

2 Democrats2 Republicans
Rep. Cohen, Steve [D-TN-9]TN
Rep. Budd, Ted [R-NC-13]NC
Rep. Rice, Kathleen M. [D-NY-4]NY
Rep. Fitzpatrick, Brian K. [R-PA-1]PA