PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
Congressional Research Service
Version 00 · Introduced in House · Sep 12, 2018
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.
People & committees
Rep. Donovan, Daniel M., Jr. [R-NY-11] · R–NY
Legislative record
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Referred to the Subcommittee on Emergency Preparedness, Response and Communications.
Referred 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.
Referred 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.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 11, 2025. Consult Congress.gov for the current record.
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