Criminal Asset Forfeiture Reform Act

Summary

Criminal Asset Forfeiture Reform Act - Amends the Controlled Substances Act to require a liberal construction of the forfeiture provisions. Allows for a civil forfeiture action in the judicial district where the defendant owning the property subject to forfeiture is found or in the judicial district in which the criminal prosecution is brought. Makes it unlawful to reinvest the proceeds of any prohibited drug transaction punishable by imprisonment for more than one year. Provides for a fine of up to $50,000 or imprisonment for up to ten years or both for violation of this Act. Exempts from such prohibition certain investments in securities where the investor does not obtain power to elect directors of the issuer.

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

1 official file

• Introduced in Senate

  summary · EN · 26 January 1984

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.