To provide for the identification of assets hidden in United States financial institutions that have been stolen or misappropriated from foreign countries by corrupt foreign political figures of those countries.
Directs the Secretary to: (1) urge each international financial institution to provide a copy of audit reports or other information concerning the use of the funds loaned by the institution to governments in which corruption was or is a serious problem; and (2) release such information to the public and include such information in each annual report.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR E778-779)
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
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