What is the official ID of this bill?
The official print number for this legislation is S 158.
Anti-Kleptocracy Act: Combating Corruption and Illicit Finance Globally
This act aims to strengthen international efforts against corruption and illicit financial flows, especially from foreign officials. It establishes a special fund to combat corruption and creates a task force to protect citizens' interests and promote fair practices worldwide. This means money stolen by corrupt officials can be recovered, and law-abiding businesses will have a level playing field.
Key points
Establishment of an Anti-Corruption Action Fund: Funds from corruption penalties will be used to support countries in fighting corruption and building fair institutions.
Creation of an Interagency Anti-Corruption Task Force: Various U.S. government agencies will collaborate to more effectively combat global corruption and protect citizens' interests.
Promoting Integrity and Transparency: The act aims to help other countries close legal loopholes that enable money laundering and asset concealment, enhancing financial security and global stability.
Status:
Expired
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