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HR10339119th Congress

Terrorism Judgment Collection Act

Sponsored By: Representative Kean, Thomas H. [R-NJ-7]

Introduced

Summary

Fixes when courts decide whether an entity counts as an agency or instrumentality of a terrorist party. This bill would title the measure the Terrorism Judgment Collection Act and amend the Terrorism Risk Insurance Act so that an entity's agency-or-instrumentality status is determined as of the date a final judgment holder begins execution or attachment proceedings.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Fixes agency status date for judgments

This bill would change when courts decide if a person or entity is an agency or instrumentality of a terrorist party for TRIA cases. If enacted, that status would be fixed as of the date the final judgment holder starts an action for execution or an attachment in aid of execution. The bill would keep the existing rule about satisfaction of judgments. The term "final judgment holder" means the judgment creditor who obtained the final judgment and who starts the enforcement action.

Sponsors & CoSponsors

Sponsor

Kean, Thomas H. [R-NJ-7]

NJ • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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