A bill to amend the Terrorism Risk Insurance Act of 2002 to allow for the use of certain assets of foreign persons and entities to satisfy certain judgments against terrorist parties, and for other purposes.
Clarifying Amendment to Provide Terrorism Victims Equity Act or the CAPTIVE Act
This bill amends the Terrorism Risk Insurance Act of 2002 regarding the blocked assets of a terrorist party which shall be subject to execution or attachment in aid of execution in order to satisfy a judgment based upon an act of terrorism in an action brought by or on behalf of the person obtaining the judgment.
The bill redefines "blocked asset" to include any asset seized or frozen by the United States under the Foreign Narcotics Kingpin Designation Act.
The bill also defines a "person" who has obtained such a judgment as a natural person who, at the time the act of terrorism was committed upon which the judgment was obtained, was:
If the person described is deceased, the personal representative of the estate of that deceased person shall count as the person.
Received in the Senate.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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