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H.R. 389: Kleptocracy Asset Recovery Rewards Act

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To authorize the Secretary of the Treasury to pay rewards under an asset recovery rewards program to help identify and recover stolen assets linked to foreign government corruption and the proceeds of such corruption hidden behind complex financial structures in the United States and abroad.

The bill’s titles are written by its sponsor.

Sponsor and status

Stephen Lynch

Sponsor. Representative for Massachusetts's 8th congressional district. Democrat.

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Last Updated: May 15, 2019
Length: 15 pages
Introduced
Jan 9, 2019
Status

Passed House (Senate next) on May 14, 2019

This bill passed in the House on May 14, 2019 and goes to the Senate next for consideration.

Prognosis
24% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

My Votes – Week of May 13
    — Rep. Cathy McMorris Rodgers [R-WA5] on May 17, 2019

the weekly leader: friday, may 10, 2019
    — Rep. Steny Hoyer [D-MD5] on May 10, 2019

Congressman Cleaver Chairs First Subcommittee Hearing on National Security, International Development, and Monetary Policy
    — Rep. Emanuel Cleaver [D-MO5] on Mar 13, 2019

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform: SpendingTracker.org estimates new spending due to H.R. 389 will be negligible.

History

Jan 9, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Mar 26, 2019
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Mar 28, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

May 14, 2019
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

May 14, 2019
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 389 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 389 — 116th Congress: Kleptocracy Asset Recovery Rewards Act.” www.GovTrack.us. 2019. June 20, 2019 <https://www.govtrack.us/congress/bills/116/hr389>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.