Fraud Accountability and Recovery Act
Sponsored By: Representative Finstad, Brad [R-MN-1]
Introduced
Summary
deny U.S. foreign assistance to countries that shelter fraudsters or fail to repatriate stolen U.S. funds. This bill would add a new rule to the Foreign Assistance Act that blocks aid to any government that does not extradite people convicted of defrauding the United States or that fails to identify, freeze, seize, and return federal funds stolen abroad.
Show full summary
- Foreign governments would risk losing U.S. aid if they refuse extradition or do not take legal steps to return stolen federal funds. The President can waive the ban for national security reasons after notifying the House Committee on Foreign Affairs and the Senate Committee on Foreign Relations at least 15 days before the waiver takes effect.
- U.S. prosecutors and investigators would gain a diplomatic tool to press countries to cooperate in extradition and asset recovery. The Secretary of State would have to report to Congress within 180 days and then annually on countries that failed to act and the amounts recovered, seized, or ordered returned.
- Taxpayers and program integrity would benefit from stronger incentives to recover stolen federal funds. The bill cites Government Accountability Office estimates that fraud cost the federal government about $233 billion to $521 billion per year from 2018 to 2022 and highlights the Feeding Our Future case where about $250 million was stolen.
Your PRIA Score
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Limit aid to countries that block fraud recovery
If enacted, this bill would stop U.S. foreign aid to any country the President finds is not helping recover stolen U.S. funds. It would apply if a country failed to extradite someone convicted of fraud against the United States, or failed to find, freeze, seize, and return stolen U.S. money. The President could waive the ban if blocking aid would harm U.S. national security, with notice and a written reason to Congress at least 15 days before it takes effect. The Secretary of State would have to report within 180 days of enactment, and every year after, listing each noncooperative country and the amounts of stolen funds, recoveries, restitution, fines, seizures, and forfeitures tied to each one.
Sponsors & CoSponsors
Sponsor
Finstad, Brad [R-MN-1]
MN • R
Cosponsors
Rep. Fischbach, Michelle [R-MN-7]
MN • R
Sponsored 9/26/2025
Rep. Taylor, David J. [R-OH-2]
OH • R
Sponsored 9/26/2025
Stauber
MN • R
Sponsored 10/17/2025
Rep. Burchett, Tim [R-TN-2]
TN • R
Sponsored 1/12/2026
Haridopolos
FL • R
Sponsored 1/13/2026
Rep. Donalds, Byron [R-FL-19]
FL • R
Sponsored 1/30/2026
Rep. Boebert, Lauren [R-CO-4]
CO • R
Sponsored 2/3/2026
Rep. Mace, Nancy [R-SC-1]
SC • R
Sponsored 2/3/2026
Rep. Barrett, Tom [R-MI-7]
MI • R
Sponsored 2/20/2026
Bost
IL • R
Sponsored 3/24/2026
Rep. Fallon, Pat [R-TX-4]
TX • R
Sponsored 3/24/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov