§2355 — Title 21 Food and Drugs | U.S. Code

Summary

Require that certain forfeited property go into either the Department of the Treasury Forfeiture Fund or the Department of Justice Assets Forfeiture Fund. The President must send a report to the appropriate congressional committees no later than 180 days after April 24, 2024, and every 180 days after that, listing deposits made in the prior 180-day period. Definition: "Covered forfeited property" means property forfeited to the United States under chapter 46 or 18 U.S.C. 1963 that belonged to or was held by someone tied to a transnational criminal organization sanctioned under this subchapter, the Fentanyl Sanctions Act (21 U.S.C. 2301 et seq.), or Executive Order 14059 (50 U.S.C. 1701 note). This does not change how blocked assets of a terrorist party are handled under section 201(a) of the Terrorism Risk Insurance Act of 2002 (28 U.S.C. 1610 note).

Title 21, §2355

Food and Drugs — Source: USLM XML via OLRC

(a)(1)Any covered forfeited property shall be deposited into the Department of the Treasury Forfeiture Fund established under section 9705 of title 31 or the Department of Justice Assets Forfeiture Fund established under section 524(c) of title 28.

(2)Not later than 180 days after April 24, 2024, and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report on any deposits made under paragraph (1) during the 180-day period preceding submission of the report.

(3)In this subsection, the term “covered forfeited property” means property—

(A)forfeited to the United States under chapter 46 or section 1963 of title 18; and

(B)that belonged to or was possessed by an individual affiliated with or connected to a transnational criminal organization subject to sanctions under—

(i)this subchapter;

(ii)the Fentanyl Sanctions Act (21 U.S.C. 2301 et seq.); or

(iii)Executive Order 14059 (50 U.S.C. 1701 note; relating to imposing sanctions on foreign persons involved in the global illicit drug trade).

(b)Nothing in this subchapter may be construed to affect the treatment of blocked assets of a terrorist party described in section 201(a) of the Terrorism Risk Insurance Act of 2002 (28 U.S.C. 1610 note).

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Fentanyl Sanctions Act, referred to in subsec. (a)(3)(B)(ii), is title LXXII of div. F of Pub. L. 116–92, which is classified principally to chapter 28 (§ 2301 et seq.) of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 2301 of this title and Tables. section 201(a) of the Terrorism Risk Insurance Act of 2002, referred to in subsec. (b), is section 201(a) of Pub. L. 107–297, which is set out as a note under section 1610 of Title 28, Judiciary and Judicial Procedure.

§2355 Treatment of forfeited property of transnational criminal organizations