A bill to amend chapter 96 of title 18, United States Code.

Summary

Amends the Federal criminal code to change the name of the Racketeer Influenced and Corrupt Organizations (RICO) statute to Pattern of Illicit Activity. Revises the civil action requirements for persons aggrieved by RICO violations. Permits governments as well as persons to bring such an action. Allows an action to be brought against an individual or against a person other than an individual (an organization) if the conduct was: (1) knowingly engaged in by an officer, director, or employee of such person; (2) authorized or ratified by an executive officer or governing board; and (3) intended to benefit, and did benefit, such person materially. Sets a statute of limitations for such actions of three years after the plaintiff first knew or should have known of the existence of conduct giving rise to the cause of action. Requires the court to award a prevailing plaintiff a reasonable attorney's fee.

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Documents

2 official files

• Passed House amended

  summary · EN · 7 October 1986

  Open at official source

• Introduced in House

  summary · EN · 15 August 1986

  Open at official source

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