Asset Forfeiture Act of 1988

Summary

Asset Forfeiture Act of 1988 - Amends the Federal criminal code to provide for the criminal and civil forfeiture of the proceeds of mail and wire fraud. Makes the forfeiture procedures of the Controlled Substances Act applicable to forfeitures under this Act. Permits courts to order the forfeiture of substitute assets if the property subject to forfeiture under this Act: (1) cannot be located; (2) has been transferred to a third party; (3) has been placed beyond the jurisdiction of the court; (4) has been substantially diminished in value; or (5) has been commingled with other property. Sets forth procedures for the seizure of property subject to forfeiture. Sets forth procedures and rules for the disposition of forfeited property (first making due provision for the rights of any innocent persons).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 March 1989

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.