HR 6783
115th Congress
House
International Affairs
Bank accounts, deposits, capital
Congressional oversight
Foreign property
Government studies and investigations
Government trust funds
Interest, dividends, interest rates
Sanctions
Terrorism
Terrorist Asset Seizure Reform Act of 2018
Introduced: September 12, 2018
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 21, 2018
Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
Sep 12, 2018
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 12, 2018
Introduced in House
Plain-English summary
Terrorist Asset Seizure Reform Act of 2018
This bill requires a financial institution to transfer to the Department of the Treasury (1) interest paid on certain bank accounts that are frozen as a result of sanctions; and (2) after providing notice and an opportunity for the owner to challenge, frozen or otherwise blocked assets affiliated with specified terrorist activity. Assets and interest confiscated under the bill must be deposited into a fund made available to the Federal Emergency Management Agency (FEMA) for grants related to terrorism prevention.
What's happening now
Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
Committees of jurisdiction
3