BASTA Act

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.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5367 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5367

To amend the Terrorism Risk Insurance Act of 2002 to allow for the use 
  of certain assets of foreign entities to satisfy certain judgments 
           against terrorist parties, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 31, 2014

Mr. Posey (for himself, Mr. Huizenga of Michigan, Mr. Mulvaney, and Mr. 
Westmoreland) introduced the following bill; which was referred to the 
                       Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
To amend the Terrorism Risk Insurance Act of 2002 to allow for the use 
  of certain assets of foreign entities to satisfy certain judgments 
           against terrorist parties, 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 ``Bank Account Seizure of Terrorist 
Assets Act'' or ``BASTA Act''.

SEC. 2. USE OF CERTAIN ASSETS TO SATISFY JUDGMENTS AGAINST TERRORIST 
              PARTIES.

    (a) In General.--Section 201(a) of the Terrorism Risk Insurance Act 
of 2002 (28 U.S.C. 1610 note) is amended by adding at the end the 
following: ``For purposes of this section, the blocked assets of a 
terrorist party are subject to execution or attachment in aid of 
execution in order to satisfy such judgment regardless of whether the 
terrorist party ceases to be a terrorist party after such judgment is 
entered.''.
    (b) Definitions.--Section 201(d) of the Terrorism Risk Insurance 
Act of 2002 (28 U.S.C. 1610 note) is amended--
            (1) in paragraph (2)--
                    (A) in the matter preceding subparagraph (A), by 
                striking ``means'';
                    (B) by amending paragraph (2)(A) to read as 
                follows:
                    ``(A) means any asset seized or frozen by the 
                United States under section 5(b) of the Trading With 
                the Enemy Act (50 U.S.C. App. 5(b)), under sections 202 
                and 203 of the International Emergency Economic Powers 
                Act (50 U.S.C. 1701; 1702), or under section 805(b) of 
                the Foreign Narcotics Kingpin Designation Act (21 
                U.S.C. 1904(b)); and'';
            (2) by redesignating paragraph (4) as paragraph (5); and
            (3) by inserting after paragraph (3) the following:
            ``(4) Person.--In subsection (a), the term `person' means a 
        person who, at the time the act of terrorism described in 
        subsection (a) was committed upon which the judgment described 
        in such subsection was obtained by that person, was either--
                    ``(A) a national of the United States as defined in 
                section 101(a)(22) of the Immigration and Nationality 
                Act (8 U.S.C. 1101(a)(22));
                    ``(B) a member of the Armed Forces of the United 
                States; or
                    ``(C) otherwise an employee of the Government of 
                the United States, or of an individual performing a 
                contract awarded by the United States Government, 
                acting within the scope of the employee's 
                employment.''.

SEC. 3. EFFECTIVE DATE.

    The amendments made by this Act apply to any judgment entered 
before, on, or after the date of the enactment of this Act.
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