Drug Kingpins Bankruptcy Act of 1999

Summary

Drug Kingpins Bankruptcy Act of 1999 - Directs the Secretary of the Treasury to report annually to the Director of National Drug Control Policy the names of foreign international narcotics traffickers. Requires the President to determine annually whether or not such persons constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, and to forward their names to the Secretary of the Treasury. Declares that Congress finds that a national emergency exists with respect to any individual who is designated a narcotics trafficker. Provides for the blocking (freeze) of assets that come within the possession or control of the United States, and are assets of: (1) any designated narcotics trafficker; (2) any person who materially assists in the narcotics trafficking activities of a designated narcotics trafficker; and (3) any person determined by the Secretary of the Treasury to be owned or controlled by, or to act for or on behalf of, a designated narcotics trafficker. Sets forth specified prohibited acts, including any transaction or dealing by a U.S. person (or within the United States): (1) in property or interests in property of a designated narcotics trafficker; and (2) that evades or attempts to violate the requirements of this Act. Authorizes the Secretary of the Treasury to take such actions (including the promulgation of rules and regulations) and to employ all powers granted to the President by the International Emergency Economic Powers Act to carry out this Act. Directs the President to designate as specially designated narcotic traffickers certain named persons who have been indicted in the United States on narcotics trafficking charges and whose extradition has been requested by U.S. Government officials. Directs the Secretary of State to deny a visa to, and the Attorney General not to admit to the United States, any: (1) designated narcotics trafficker; or (2) alien who the consular officer or the Attorney General knows or has reason to believe is a spouse or minor child of such trafficker, or is a person who materially assists, or is owned or controlled by, a designated narcotics trafficker. Sets forth specified exceptions.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 June 1999

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• Introduced in House (PDF)

  Introduced in House · EN · 9 June 1999

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• Introduced in House

  summary · EN · 9 June 1999

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