Amends the Federal criminal code to change the name of the Racketeer Influenced and Corrupt Organizations (RICO) statute to Pattern of Illicit Activity.
Revises the civil action requirements for persons aggrieved by RICO violations. Permits governments as well as persons to bring such an action. Provides for the recovery of treble damages: (1) where a government entity has been injured as a result of such violations; or (2) in the case of any person, if a criminal conviction of the defendant is obtained. Allows a person aggrieved by a RICO violation to recover punitive damages under certain circumstances.
Requires the court to award a prevailing plaintiff a reasonable attorney's fee.
Sets a statute of limitations for such actions of: (1) three years after the cause of action accrues; (2) three years after the conduct causing injury terminates; or (3) two years after the date of the criminal conviction (required for a treble damage cause of action).
See H.R.5445.
See H.R.5445.
Clean Bill H.R.5445 Forwarded by Subcommittee to Full Committee in Lieu.
Introduced in House
Introduced in House
Referred to House Committee on The Judiciary.
For Previous Action See H.R.5391.
Called up by House Under Suspension of Rules.
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 371 - 28 (Record Vote No: 434).
Roll Call #434 (House)Passed House (Amended) by Yea-Nay Vote: 371 - 28 (Record Vote No: 434).
Roll Call #434 (House)Received in the Senate and read twice and referred to the Committee on Judiciary.
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