Terrorist Asset Seizure Reform Act of 2018

Summary

Terrorist Asset Seizure Reform Act of 2018 This bill requires a financial institution to transfer to the Department of the Treasury (1) interest paid on certain bank accounts that are frozen as a result of sanctions; and (2) after providing notice and an opportunity for the owner to challenge, frozen or otherwise blocked assets affiliated with specified terrorist activity. Assets and interest confiscated under the bill must be deposited into a fund made available to the Federal Emergency Management Agency (FEMA) for grants related to terrorism prevention.

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

Timeline

1. 12 September 2018

   Introduced

   Referred to the Committee on Foreign Affairs, and in addition to the Committee on Homeland Security, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 12 September 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 September 2018

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 September 2018

   Referred

   Referred to the Subcommittee on Emergency Preparedness, Response and Communications.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 12 September 2018 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 September 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 12 September 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 12 September 2018

  Open at official source

Sponsors

• Daniel Donovan · R · Sponsor
• Ted Budd · R · Sponsor
• Rep. McCaul, Michael T. [R-TX-10] · R · Sponsor
• · hshm00 · Standing
• · hsfa00 · Standing

Related records

• related to ← Terrorist Asset Seizure Reform Act of 2016