Terrorist Asset Seizure Reform Act of 2018
Latest action · Sep 21, 2018 Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 12, 2018
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 2
Members who signed on, in the order they did. All signed on Sep 12, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TX | Michael T. McCaul | Original | Sep 12, 2018 |
| R-NC | Ted Budd | Original | Sep 12, 2018 |
Actions 3
Everything that happened, newest first.
- Sep 21, 2018Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
- Sep 12, 2018Introduced in House
- Sep 12, 2018Referred 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.
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
Text 1
Each version as it was printed, newest first.
- Sep 12, 2018Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.