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H.R. 389 116th Congress House

Kleptocracy Asset Recovery Rewards Act

Official title: To authorize the Secretary of the Treasury to pay rewards under an asset recovery rewards program to help identify and recover stolen assets linked to foreign … Show full official titleShow less

Official title: To authorize the Secretary of the Treasury to pay rewards under an asset recovery rewards program to help identify and recover stolen assets linked to foreign government corruption and the proceeds of such corruption hidden behind complex financial structures in the United States and abroad.

Introduced: January 9, 2019 Introduced by: Stephen F. Lynch Democratic · Massachusetts See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalCongressional oversightCriminal investigation, prosecution, interrogationForeign and international banking
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Foreign propertyFraud offenses and financial crimesGovernment ethics and transparency, public corruption
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 15, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 14, 2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 389.
May 14, 2019
Placed on the Union Calendar, Calendar No. 38.
May 14, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-60.
May 14, 2019
Motion to reconsider laid on the table Agreed to without objection.
May 14, 2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3764-3766)
May 14, 2019
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H3764-3766)
May 14, 2019
Considered under suspension of the rules. (consideration: CR H3764-3767)
May 14, 2019
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Mar 28, 2019
Ordered to be Reported (Amended) by Unanimous Consent.
Mar 28, 2019
Committee Consideration and Mark-up Session Held.
Mar 27, 2019
Committee Consideration and Mark-up Session Held.
Mar 26, 2019
Committee Consideration and Mark-up Session Held.
Jan 9, 2019
Referred to the House Committee on Financial Services.
Jan 9, 2019
Introduced in House
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 Latest action May 15, 2019

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

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.

A person is ineligible for a reward if they are an officer or employee of a federal, state, local, or foreign government and furnish such information in the course of their official duties. A person may be ineligible if Treasury reasonably believes that such person knowingly participated in certain forms of government corruption.

The bill provides for the administration of the program, including reward payment and eligibility.

Rewards must, to the extent possible, be paid first from any recovered assets.

Treasury must obtain approval from the Department of Justice before paying a reward under this Act in a matter where there is federal criminal jurisdiction.

 Related & companion bills 1
  • HR 5101 Reintroduction of Kleptocracy Asset Recovery Rewards Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 1 Republican 2
R
Fitzpatrick, Brian K.
Pennsylvania · May 14, 2019
Rice, Kathleen
· Apr 3, 2019
 R
Budd, Ted
North Carolina · Jan 9, 2019
 D
Cohen, Steve
Tennessee · Jan 9, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 389: Kleptocracy Asset Recovery Rewards Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-389/
MLA
"H.R. 389: Kleptocracy Asset Recovery Rewards Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-389/.
Bluebook (legal)
H.R. 389, 116th Cong. (2026), https://openamerica.io/bill/116-HR-389/.
Markdown link
[H.R. 389: Kleptocracy Asset Recovery Rewards Act](https://openamerica.io/bill/116-HR-389/)
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