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Kleptocracy Asset Recovery Rewards Program Act
H. R. 5344 To amend the Kleptocracy Asset Recovery Rewards Act to extend the Kleptocracy Asset Recovery Rewards Pilot Program, and for other purposes.
Summary
This bill amends the Kleptocracy Asset Recovery Rewards Act to convert the existing pilot program into a permanent Kleptocracy Asset Recovery Rewards Program. The bill removes the previous 3-year time limitation on the program and instead establishes a 7-year authorization period, after which the program will cease to have any force or effect. The bill makes conforming amendments to reflect the change from a pilot program to a permanent program in the National Defense Authorization Act for Fiscal Year 2021.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
- Rep. Nunn, Zachary [R-IA-3] (R-IA)
Actions (6)
- Nov 4, 2025 Placed on the Union Calendar, Calendar No. 322. · house
- Nov 4, 2025 Reported (Amended) by the Committee on Financial Services. H. Rept. 119-370. · house
- Sep 16, 2025 Ordered to be Reported (Amended) by the Yeas and Nays: 50 - 0. · house
- Sep 16, 2025 Committee Consideration and Mark-up Session Held · house
- Sep 15, 2025 Referred to the House Committee on Financial Services. · house
- Sep 15, 2025 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
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Text versions (2)
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Full text
IN THE HOUSE OF REPRESENTATIVES
September 15, 2025
Mr. Lynch (for himself and Mr. Nunn of Iowa) introduced the following bill; which was referred to the Committee on Financial Services
November 4, 2025
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed [Strike out all after the enacting clause and insert the part printed in italic] [For text of introduced bill, see copy of bill as introduced on September 15, 2025]
A BILL
To amend the Kleptocracy Asset Recovery Rewards Act to extend the Kleptocracy Asset Recovery Rewards Pilot Program, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Kleptocracy Asset Recovery Rewards Program Act”.
SEC. 2. KLEPTOCRACY ASSET RECOVERY REWARDS PROGRAM.
(a) In General.—Section 9703 of the Kleptocracy Asset Recovery Rewards Act (31 U.S.C. note prec. 9701) is amended—
(1) in the heading, by striking “kleptocracy asset recovery rewards pilot program” and inserting “kleptocracy asset recovery rewards program”;
(2) in subsection (a)(1), by striking “‘Kleptocracy Asset Recovery Rewards Pilot Program”’ and inserting “‘Kleptocracy Asset Recovery Rewards Program”;
(3) in subsection (g)(1), by striking “for 3 years”; and
(4) by striking subsection (i) and inserting the following:
“(i) Sunset.—This section shall cease to have any force or effect after the end of the 7-year period beginning on the date of enactment of the Kleptocracy Asset Recovery Rewards Program Act.”.
(b) Conforming Amendment.—The table of contents in section 2(b) and in title XCVII of the National Defense Authorization Act for Fiscal Year 2021 are each amended, in the item relating to section 9703, by striking “Kleptocracy Asset Recovery Rewards Pilot Program” and inserting “Kleptocracy Asset Recovery Rewards Program”. Union Calendar No. 322
119th CONGRESS
1st Session
H. R. 5344
[Report No. 119-370]
A BILL
To amend the Kleptocracy Asset Recovery Rewards Act to extend the Kleptocracy Asset Recovery Rewards Pilot Program, and for other purposes.
November 4, 2025
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
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