,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #fghc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ab1        
#bjah,mr4 ,donovan 7= himself1 ,mr4     
,budd1 & ,mr4 ,mc,caul7 introduc$ !     
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,=eign ,affairs1 & 9      
addition to ! ,committee on ,homel&     
,security1 = a p]iod to be subsequ5tly  
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to require ! ,secret>y ( !    
,treasury to confiscate int]e/ paid on  
c]ta9 froz5 bank acc\nts1 to require !  
,secret>y to confiscate c]ta9 froz5     
assets1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,t]rori/
 ,asset ,seizure ,re=m ,act ( #bjah4    
#b4 ,confiscation ( assets  7a7         
,confiscation ( int]e/  7#a7 ,initial   
confiscation ,z soon z practicable aft] 
! date ( ! enactm5t ( ?is ,act1 b 9 no  
case lat] ?an #ah mon?s aft] ! date ( ! 
enactm5t ( ?is ,act1 ! ,secret>y %all   

require ea* f9ancial in/itution to      
transf] to ! ,secret>y all am\nts (     
int]e/ paid by su* f9ancial in/itution  
on froz5 bank acc\nts4  7#b7 ,ongo+     
confiscation ,"o ye> aft] ! initial     
confiscation "u p>agraph 7#a71 &        
annually !reaft]1 ! ,secret>y %all      
require ea* f9ancial in/itution to      
transf] to ! ,secret>y all am\nts (     
int]e/ paid by su* f9ancial in/itution  
on froz5 bank acc\nts 9 ! previ\s ye>4  
7#c7 ,int]e/ deposit$ into ,confiscat$  
,assets ,fund ,! ,secret>y %all deposit 
all am\nts receiv$ "u ?is subsection    
into ! ,confiscat$ ,assets ,fund4  7#d7 
,rule ( con/ruction ,p>agraphs 7#a7 &   
7#b7 %all only apply to int]e/ paid on  
an acc\nt aft] ! acc\nt became a froz5  
bank acc\nt4  7b7 ,confiscations relat$ 
to non-,/ate t]rorism  7#a7 ,special    
rule = confiscations relat$ to non-/ate 
t]rorism  7,a7 ,9 g5]al ,) respect to a 
froz5 asset ( a p]son describ$ 9        
subp>agraph 7,b7-- 7i7 at ! "t su* asset
 is froz5 or o!rwise block$1 or )9 #f   

mon?s ( ! date ( ! enactm5t ( ?is ,act )
 respect to an asset froz5 or o!rwise   
block$ be=e su* date ( enactm5t1 !      
,secret>y %all--  7,i7 publi% public    
notice t ! asset is be+ froz5 or o!rwise
 block$2 &  7,,ii7 provide ! own] ( !   
asset & o!r int]e/$ p>ties ) a #a-ye>   
p]iod to *all5ge su* freez+ or block+2 &
  7ii7 if su* asset rema9s froz5 or     
o!rwise block$ aft] ! #a-ye> p]iod      
describ$ "u clause 7i77,,ii71 !         
,secret>y %all require ! f9ancial       
in/itution hold+ ! froz5 asset to       
transf] su* asset to ! ,secret>y4  7,b7 
,cov]$ p]sons ,a p]son describ$ 9 ?is   
subp>agraph is a p]son t is-- 7i7       
designat$ z a =eign t]rori/ organization
 "u section #bai7;a7 ( ! ,immigration & 
,nationality ,act 7#h ,u4,s4,c4         
#aahi7;a772  7ii7 designat$ z a         
,specially ,designat$ ,global ,t]rori/  
by ! ,dep>tm5t ( ! ,treasury "u         
,executive ,ord] #acbbd 7#ej ,u4,s4,c4  
#agja72 or  7iii7 a specially designat$ 
t]rori/1 z t t]m is def9$ 9 section     

#eie4caa ( title #ca1 ,code ( ,f$]al    
,regulations 7or any successor !reto74  
7#b7 ,assets deposit$ into ,confiscat$  
,assets ,fund ,! ,secret>y %all-- 7,a7  
deposit all money receiv$ "u ?is        
subsection into ! ,confiscat$ ,assets   
,fund2 &  7,b7 sell any non-monet>y     
assets receiv$ "u ?is subsection &      
deposit ! am\nts receiv$ f su* sales    
into ! ,confiscat$ ,assets ,fund4  7c7  
,safe h>bor ,compliance ) ?is section & 
any regulation1 in/ruction1 or direction
 issu$ pursuant to ?is section %all to !
 ext5t !re( be a full acquittance &     
dis*>ge = all purposes ( ! obligation ( 
! p]son mak+ ! same4 ,no p]son %all be  
held liable 9 any c\rt = or ) respect to
 any?+ done or omitt$ 9 good fai? 9     
connection ) ! adm9i/ration (1 or       
pursuant to & 9 reliance on1 ?is        
section1 or any regulation1 in/ruction1 
or direction issu$ pursuant to ?is      
section4  7d7 ,def9itions ,= purposes ( 
?is section3 7#a7 ,f9ancial in/itution  
,! t]m f9ancial in/itution has ! mean+  

giv5 t t]m "u section #ecab ( title #ca1
 ,unit$ ,/ates ,code4  7#b7 ,=eign p]son
 ,! t]m =eign p]son has ! mean+ giv5 t  
t]m "u section #ad ( ! ,iran ,sanctions 
,act ( #aiif 7#ej ,u4,s4,c4 #agja note74
  7#c7 ,froz5 asset ,! t]m froz5 asset--
 7,a7 means an asset ( a =eign p]son or 
=eign c\ntry t has be5 froz5 or o!rwise 
block$ pursuant to sanctions "u any     
provision ( ,unit$ ,/ates law1 z det]m9$
 by ! ,secret>y2 &  7,b7 does n         
include-- 7i7 any asset subject to !    
,vi5na ,conv5tion on ,consul> ,relations
 7done at ,vi5na1 ,april #bd1 #aifc72 or
  7ii7 ! block$ assets ( a t]rori/ p>ty 
t are subject to execution & atta*m5t   
pursuant to section #bja ( ! ,t]rorism  
,risk ,insurance ,act ( #bjjb 7#bh      
,u4,s4,c4 #afaj note74  7#d7 ,froz5 bank
 acc\nt ,! t]m froz5 bank acc\nt means a
 deposit acc\nt ma9ta9$ at a f9ancial   
in/itution t consi/s ( froz5 assets4    
7#e7 ,secret>y ,! t]m ,secret>y means ! 
,secret>y ( ! ,treasury4  #c4           
,confiscat$ ,assets ,fund  7a7          

,e/abli%m5t ,! ,secret>y ( ! ,treasury  
%all e/abli% a fund to be kn[n z !      
,confiscat$ ,assets ,fund4  7b7 ,use (  
fund ,am\nts 9 ! ,confiscat$ ,assets    
,fund %all be made available to !       
,adm9i/rator ( ! ,f$]al ,em]g5cy        
,managem5t ,ag5cy to provide grants "u !
 ,urban ,area ,security ,initiative "u  
section #bjjc ( ! ,homel& ,security ,act
 ( #bjjb 7#f ,u4,s4,c4 #fjd74  #d4      
,reports to ,congress  7a7 ,,gao /udy & 
report  7#a7 ,9 g5]al ,n lat] ?an ! end 
( ! #f-mon? p]iod beg9n+ on ! date ( !  
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al ( ! ,unit$ ,/ates %all initiate a
 /udy on h[ ! ,(fice ( ,=eign ,assets   
,control ( ! ,dep>tm5t ( ! ,treasury c  
bett] track froz5 assets1 manage data   
relat+ to su* froz5 assets1 & improve   
report+ to ,congress reg>d+ froz5 assets
 across all sanctions programs adm9i/]$ 
by ! ,(fice ( ,=eign ,assets ,control4  
7#b7 ,report ,^u ! completion ( ! /udy  
requir$ "u p>agraph 7#a71 ! ,comptroll] 
,g5]al %all issue a report to !         

,congress & ! ,(fice ( ,=eign ,assets   
,control ( ! ,dep>tm5t ( ! ,treasury    
conta9+--  7,a7 all f9d+s & det]m9ations
 made 9 c>ry+ out ! /udy requir$ "u     
p>agraph 7#a72 &  7,b7 su*              
recomm5dations t ! ,comptroll] ,g5]al   
may det]m9e appropriate4  7b7 ,secret>y 
( ! ,treasury report  7#a7 ,9 g5]al ,!  
,secret>y ( ! ,treasury1 9 consultation 
) ! ,attorney ,g5]al1 ! ,secret>y (     
,/ate1 & ! heads ( o!r appropriate      
,f$]al ag5cies1 %all issue an annual    
report to ! ,congress conta9+--  7,a7   
compreh5sive & detail$ data reg>d+ froz5
 assets across all sanctions programs   
adm9i/]$ by ! ,(fice ( ,=eign ,assets   
,control1 includ+1 ) respect to ea*     
sanctions program = ! prior cal5d> ye>--
  7i7 tables t %[ *anges 9 froz5 assets 
totals2  7ii7 ! total am\nt ( froz5     
assets2  7iii7 ! total am\nt ( froz5    
assets t 7 unblock$2  7iv7 h[ _m lic5ses
 7 issu$2  7v7 h[ _m names 7 add$ to ea*
 li/ ( sanction$ p]sons2 &  7vi7 h[ _m  
names 7 remov$ f ea* li/ ( sanction$    

p]sons2 &  7,b7 a detail$ ju/ification =
 ea* removal ( a "n f a li/ ( sanction$ 
p]sons "u ea* sanctions program = !     
prior cal5d> ye>4  7#b7 ,classifi$      
annexes ,a report issu$ "u p>agraph 7#a7
 may conta9 a classifi$ annex :5        
necess>y4  7#c7 ,consid]ation ( ,,gao   
/udy ,be=e issu+ a report "u p>agraph   
7#a71 ! ,secret>y ( ! ,treasury %all    
review any recomm5dations made by !     
,comptroll] ,g5]al 9 ! report issu$ "u  
subsection 7a77#b7 & include 9 su*      
report any plans = address+ su*         
recomm5dations4  7c7 ,def9ition ,9 ?is  
section1 ! t]m froz5 asset has ! mean+  
giv5 t t]m 9 section #b7;d7 ( ?is ,act4