H.R. 5367 · 113th Congress
Bank Account Seizure of Terrorist Assets Act
- Stage
- In committee
- Sponsor
- Bill Posey
- Introduced
- 2014-07-31
- Latest action
- 2014-09-26 · Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
Summary
Bank Account Seizure of Terrorist Assets Act or BASTA Act - Amends the Terrorism Risk Insurance Act of 2002 to subject the blocked assets of a terrorist party to execution or attachment in aid of execution in order to satisfy a judgment based upon an act of terrorism, regardless of whether the terrorist party ceases to be a terrorist party after judgment is entered.
Redefines a blocked asset to include any asset seized or frozen by the United States under the Foreign Narcotics Kingpin Designation Act.