Bill > HR5344

This bill amends the Kleptocracy Asset Recovery Rewards Act to transform the existing Kleptocracy Asset Recovery Rewards Pilot Program into a permanent program. Specifically, the bill removes the word "Pilot" from the program's name, indicating it is no longer a temporary initiative. The legislation extends the program's duration by establishing a new sunset provision that allows the program to continue for 7 years from the date of enactment. By removing language that previously limited the program to specific years, the bill ensures a more sustained approach to recovering assets that have been illegally obtained by kleptocrats (government officials who use their power to exploit national resources and steal from their country's treasury). The Kleptocracy Asset Recovery Rewards Program likely provides financial incentives to individuals who help identify and recover assets that have been improperly taken by corrupt government officials, thereby supporting international efforts to combat corruption and financial crimes.

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https://www.congress.gov/bill/119th-congress/house-bill/5344/all-info