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HR 4711 107th Congress House

Stolen Asset Recovery Act of 2002

Official title: To provide for the identification of assets hidden in United States financial institutions that have been stolen or misappropriated from foreign countries by c… Show full official titleShow less

Official title: To provide for the identification of assets hidden in United States financial institutions that have been stolen or misappropriated from foreign countries by corrupt foreign political figures of those countries.

Introduced: July 15, 2002 Introduced by: Waters, Maxine Democratic · California See on congress.gov
Foreign Trade and International Finance AuditingBank accountsBank recordsCongress
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Congressional reporting requirementsCrime and Law EnforcementEmbezzlementFinance and Financial SectorForeign leadersForeign loansGovernment Operations and PoliticsGovernment publicityInternational AffairsLarcenyLegislationMultilateral development banksPublic corruption
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action May 28, 2002

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Plain-English summary Congressional Research Service
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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Schakowsky, Janice D.
Illinois · Jul 15, 2002
 D
Meeks, Gregory W.
New York · Jun 27, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4711: Stolen Asset Recovery Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-4711/
MLA
"H.R. 4711: Stolen Asset Recovery Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-4711/.
Bluebook (legal)
H.R. 4711, 107th Cong. (2026), https://openamerica.io/bill/107-HR-4711/.
Markdown link
[H.R. 4711: Stolen Asset Recovery Act of 2002](https://openamerica.io/bill/107-HR-4711/)
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