H.R.3698 - To amend the September 11th Victim Compensation Fund of 2001 to provide for the liquidation of blocked assets of terrorists and terrorist organizations in order to reimburse the Treasury for the compensation of claimants.107th Congress (2001-2002)
|Sponsor:||Rep. Camp, Dave [R-MI-4] (Introduced 02/07/2002)|
|Committees:||House - Judiciary; International Relations|
|Latest Action:||03/18/2002 Referred to the Subcommittee on Immigration and Claims. (All Actions)|
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Text: H.R.3698 — 107th Congress (2001-2002)All Bill Information (Except Text)
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Introduced in House (02/07/2002)
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[Congressional Bills 107th Congress] [From the U.S. Government Printing Office] [H.R. 3698 Introduced in House (IH)] 107th CONGRESS 2d Session H. R. 3698 To amend the September 11th Victim Compensation Fund of 2001 to provide for the liquidation of blocked assets of terrorists and terrorist organizations in order to reimburse the Treasury for the compensation of claimants. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 7, 2002 Mr. Camp introduced the following bill; which was referred to the Committee on the Judiciary, and in addition to the Committee on International Relations, 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 _______________________________________________________________________ A BILL To amend the September 11th Victim Compensation Fund of 2001 to provide for the liquidation of blocked assets of terrorists and terrorist organizations in order to reimburse the Treasury for the compensation of claimants. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. LIQUIDATION OF BLOCKED TERRORIST ASSETS. Section 406 of the September 11th Victim Compensation Fund of 2001 (Public Law 107-42; 49 U.S.C. 40101 note) is amended by adding at the end the following: ``(d) Liquidation of Blocked Assets.-- ``(1) Liquidation.--The President may vest and liquidate assets described in paragraph (2) and use the proceeds from the liquidation to reimburse the Treasury and any account described in subsection (c) for any amounts paid to individuals pursuant to subsection (a) before or after the enactment of this subsection. ``(2) Description of assets.--The assets referred to in paragraph (1) are any property and interests in property-- ``(A) that are blocked pursuant to Executive order 13224 of September 24, 2001; or ``(B) that are blocked pursuant to section 219 of the Immigration and Nationality Act, any other provision of law, or any other Executive order, by virtue of-- ``(i) involvement in, risk of involvement in, or sponsorship or support for, acts of terrorism, or ``(ii) ownership or control by, or association with, persons or organizations who are involved in, pose a risk of involvement in, or sponsor or support acts of terrorism.''. <all>