HR 4711
107th Congress
House
Foreign Trade and International Finance
Auditing
Bank accounts
Bank records
Congress
Congressional reporting requirements
Crime and Law Enforcement
Embezzlement
Finance and Financial Sector
Foreign leaders
Foreign loans
Government Operations and Politics
Government publicity
International Affairs
Larceny
Legislation
Multilateral development banks
Public corruption
Stolen Asset Recovery Act of 2002
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 28, 2002
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
May 10, 2002
Sponsor introductory remarks on measure. (CR E778-779)
May 9, 2002
Referred to the House Committee on Financial Services.
May 9, 2002
Introduced in House
Plain-English summary
Stolen Asset Recovery Act of 2002 - Directs the Secretary of the Treasury to submit annual reports to specified congressional committees on: (1) the possibility that assets stolen or misappropriated from foreign countries and their people by any senior foreign political figure, family member, or associate may be held in an account at a U.S. financial institution; (2) Government efforts and plans to identify such assets; (3) identification mechanisms available to the Government; and (4) legislation that could be enacted to facilitate the identification and return of such assets.
Directs the Secretary to: (1) urge each international financial institution to provide a copy of audit reports or other information concerning the use of the funds loaned by the institution to governments in which corruption was or is a serious problem; and (2) release such information to the public and include such information in each annual report.
What's happening now
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Committees of jurisdiction
2