To require financial institutions to freeze the assets of individuals arrested under suspicion of participating in domestic terrorism or providing material support to terrorists, to establish a national clearinghouse for information on incidents of homegrown "lone wolf" terrorism, domestic terrorism, and persons providing material support to terrorists, and for other purposes.
Freezing Assets of Suspected Terrorists and Enemy Recruits Act of 2017 or the FASTER Act of 2017
This bill directs a federal law enforcement agency to notify the Financial Crimes Enforcement Network (FinCEN) in the Department of the Treasury of an arrest of an individual under suspicion of participating in domestic terrorism or providing material support for terrorism. FinCEN must then order any appropriate financial institution to freeze that individual's assets.
The bill also sets forth provisions for contesting a freeze, unfreezing assets, and disposing of assets in the event of a conviction.
The Federal Bureau of Investigation must establish a national clearinghouse of incidents of homegrown "lone wolf" terrorism, domestic terrorism, and the provision of material support to terrorists. The clearinghouse must maintain information for purposes of cross-referencing and assisting investigations of law enforcement agencies.
Introduced in House
Introduced in House
Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
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