Mandatory Restitution for Corporate Abuses Act of 2002

Summary

Mandatory Restitution for Corporate Abuses Act of 2002 - Amends the Federal criminal code to provide for mandatory restitution for specified fraudulent offenses (including mail fraud, swindles, the use of fictitious names or addresses, fraud by wire, radio, or television, and bank fraud). Requires the restitution order to direct the defendant to pay to the victim (through the appropriate court mechanism) the full amount of the victim's losses. Prohibits the court from declining to issue such an order because of: (1) the defendant's economic circumstances; or (2) the fact that a victim has received, or is entitled to receive, compensation for his or her injuries from the proceeds of insurance or any other source. Makes restitution ordered under State criminal laws non-dischargeable in bankruptcy proceedings.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 October 2002

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• Introduced in House (PDF)

  Introduced in House · EN · 8 October 2002

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• Introduced in House

  summary · EN · 8 October 2002

  Open at official source

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