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H.R.4711 / 107th Congress

Stolen Asset Recovery Act of 2002

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

Official summary

Version 00 · Introduced in House · May 9, 2002

Stolen Asset Recovery Act of 2002 - Directs the Secretary of the Treasury to submit annual reports to specified congressional committees on: (1) the possibility that assets stolen or misappropriated from foreign countries and their people by any senior foreign political figure, family member, or associate may be held in an account at a U.S. financial institution; (2) Government efforts and plans to identify such assets; (3) identification mechanisms available to the Government; and (4) legislation that could be enacted to facilitate the identification and return of such assets.Directs the Secretary to: (1) urge each international financial institution to provide a copy of audit reports or other information concerning the use of the funds loaned by the institution to governments in which corruption was or is a serious problem; and (2) release such information to the public and include such information in each annual report.

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Who introduced it

Rep. Waters, Maxine [D-CA-35] · D–CA

Committees

  • Financial Services Committee
11 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Financial Institutions and Consumer Credit.

  2. Sponsor introductory remarks on measure. (CR E778-779)

  3. Referred to the House Committee on Financial Services.

  4. Introduced in House

  5. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.

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Objective

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