Bill > HR5344

This bill amends the Kleptocracy Asset Recovery Rewards Act to make several key changes to the existing Kleptocracy Asset Recovery Rewards Pilot Program. The bill removes the word "Pilot" from the program's name, effectively transitioning it from a temporary pilot program to a more permanent initiative. The legislation extends the program's duration by establishing a sunset provision that allows the program to continue for 7 years from the date of enactment. The bill also removes language limiting the program to specific years, which suggests the program will now have broader and more flexible application. The Kleptocracy Asset Recovery Rewards Program is likely designed to incentivize and reward individuals who provide information that helps the government recover assets stolen by corrupt government officials (kleptocrats) from their home countries. By making these modifications, the bill aims to strengthen and formalize the government's efforts to combat international corruption and asset theft.

Business and Industry

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