Legis Daily

Kleptocracy Asset Recovery Rewards Program Act

USA119th CongressHR-5344| House 
| Updated: 11/4/2025
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Cosponsors (1)
Zachary Nunn (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, known as the Kleptocracy Asset Recovery Rewards Program Act, amends the existing Kleptocracy Asset Recovery Rewards Act. Its primary purpose is to transition the current Kleptocracy Asset Recovery Rewards Pilot Program into a more permanent structure by renaming it the Kleptocracy Asset Recovery Rewards Program . The legislation removes a previous 3-year time limitation on the program's operation. Furthermore, it establishes a new 7-year sunset clause , meaning the program will cease to have effect seven years after this Act's enactment. This effectively extends the program's lifespan and removes its "pilot" designation.

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Timeline

Bill from Previous Congress

HR 116-389
Kleptocracy Asset Recovery Rewards Act
Sep 15, 2025
Introduced in House
Sep 15, 2025
Referred to the House Committee on Financial Services.
Sep 16, 2025
Committee Consideration and Mark-up Session Held
Sep 16, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
Nov 4, 2025
Placed on the Union Calendar, Calendar No. 322.
Nov 4, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-370.
  • Bill from Previous Congress

    HR 116-389
    Kleptocracy Asset Recovery Rewards Act


  • September 15, 2025
    Introduced in House


  • September 15, 2025
    Referred to the House Committee on Financial Services.


  • September 16, 2025
    Committee Consideration and Mark-up Session Held


  • September 16, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.


  • November 4, 2025
    Placed on the Union Calendar, Calendar No. 322.


  • November 4, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-370.

Finance and Financial Sector

Accounting and auditingCriminal investigation, prosecution, interrogationGovernment studies and investigationsRule of law and government transparency

Kleptocracy Asset Recovery Rewards Program Act

USA119th CongressHR-5344| House 
| Updated: 11/4/2025
This bill, known as the Kleptocracy Asset Recovery Rewards Program Act, amends the existing Kleptocracy Asset Recovery Rewards Act. Its primary purpose is to transition the current Kleptocracy Asset Recovery Rewards Pilot Program into a more permanent structure by renaming it the Kleptocracy Asset Recovery Rewards Program . The legislation removes a previous 3-year time limitation on the program's operation. Furthermore, it establishes a new 7-year sunset clause , meaning the program will cease to have effect seven years after this Act's enactment. This effectively extends the program's lifespan and removes its "pilot" designation.

Bill Text Versions

View Text
2 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-389
Kleptocracy Asset Recovery Rewards Act
Sep 15, 2025
Introduced in House
Sep 15, 2025
Referred to the House Committee on Financial Services.
Sep 16, 2025
Committee Consideration and Mark-up Session Held
Sep 16, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.
Nov 4, 2025
Placed on the Union Calendar, Calendar No. 322.
Nov 4, 2025
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-370.
  • Bill from Previous Congress

    HR 116-389
    Kleptocracy Asset Recovery Rewards Act


  • September 15, 2025
    Introduced in House


  • September 15, 2025
    Referred to the House Committee on Financial Services.


  • September 16, 2025
    Committee Consideration and Mark-up Session Held


  • September 16, 2025
    Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0.


  • November 4, 2025
    Placed on the Union Calendar, Calendar No. 322.


  • November 4, 2025
    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-370.
Stephen F. Lynch

Stephen F. Lynch

Democratic Representative

Massachusetts

Cosponsors (1)
Zachary Nunn (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingCriminal investigation, prosecution, interrogationGovernment studies and investigationsRule of law and government transparency