{"identifier":"/us/usc/t21/s2355","title":21,"num":"\u00a7\u202f2355.","heading":"Treatment of forfeited property of transnational criminal organizations","text":"\u00a7\u202f2355.\nTreatment of forfeited property of transnational criminal organizations\n(a)\nTransfer of forfeited property to forfeiture funds\n(1)\nIn general\nAny covered forfeited property shall be deposited into the Department of the Treasury Forfeiture Fund established under\nsection 9705 of title 31\nsection 524(c) of title 28\n(2)\nReport required\nNot later than 180 days after\nApril 24, 2024\n(3)\nCovered forfeited property defined\nIn this subsection, the term \u201ccovered forfeited property\u201d means property\u2014\n(A) forfeited to the United States under chapter 46 or\nsection 1963 of title 18\n(B) that belonged to or was possessed by an individual affiliated with or connected to a transnational criminal organization subject to sanctions under\u2014\n(i) this subchapter;\n(ii) the Fentanyl Sanctions Act (\n21 U.S.C. 2301\n(iii) Executive Order 14059 (\n50 U.S.C. 1701\n(b)\nBlocked Assets Under Terrorism Risk Insurance Act of 2002\nNothing 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 (\n28 U.S.C. 1610","url":"https://projectusc.org/usc/t21/s2355.html","content":[{"t":"sec","id":"/us/usc/t21/s2355","children":[{"t":"num","text":"\u00a7\u202f2355."},{"t":"heading","text":"Treatment of forfeited property of transnational criminal organizations"},{"t":"subsec","id":"/us/usc/t21/s2355/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Transfer of forfeited property to forfeiture funds"},{"t":"para","id":"/us/usc/t21/s2355/a/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"Any covered forfeited property shall be deposited into the Department of the Treasury Forfeiture Fund established under ","children":[{"t":"ref","text":"section 9705 of title 31","href":"/us/usc/t31/s9705","tail":" or the Department of Justice Assets Forfeiture Fund established under "},{"t":"ref","text":"section 524(c) of title 28","href":"/us/usc/t28/s524/c","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t21/s2355/a/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Report required"},{"t":"content","children":[{"t":"p","text":"Not later than 180 days after ","children":[{"t":"text","text":"April 24, 2024","tail":", 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."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t21/s2355/a/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Covered forfeited property defined"},{"t":"chapeau","text":"In this subsection, the term \u201ccovered forfeited property\u201d means property\u2014"},{"t":"subpara","id":"/us/usc/t21/s2355/a/3/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" forfeited to the United States under chapter 46 or ","children":[{"t":"ref","text":"section 1963 of title 18","href":"/us/usc/t18/s1963","tail":"; and"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t21/s2355/a/3/B","children":[{"t":"num","text":"(B)"},{"t":"chapeau","text":" that belonged to or was possessed by an individual affiliated with or connected to a transnational criminal organization subject to sanctions under\u2014"},{"t":"clause","id":"/us/usc/t21/s2355/a/3/B/i","children":[{"t":"num","text":"(i)"},{"t":"content","text":" this subchapter;","tail":"\n"}],"tail":"\n"},{"t":"clause","id":"/us/usc/t21/s2355/a/3/B/ii","children":[{"t":"num","text":"(ii)"},{"t":"content","text":" the Fentanyl Sanctions Act (","children":[{"t":"ref","text":"21 U.S.C. 2301","href":"/us/usc/t21/s2301","tail":" et seq.); or"}],"tail":"\n"}],"tail":"\n"},{"t":"clause","id":"/us/usc/t21/s2355/a/3/B/iii","children":[{"t":"num","text":"(iii)"},{"t":"content","text":" Executive Order 14059 (","children":[{"t":"ref","text":"50 U.S.C. 1701","href":"/us/usc/t50/s1701","tail":" note; relating to imposing sanctions on foreign persons involved in the global illicit drug trade)."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t21/s2355/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Blocked Assets Under Terrorism Risk Insurance Act of 2002"},{"t":"content","children":[{"t":"p","text":"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 (","children":[{"t":"ref","text":"28 U.S.C. 1610","href":"/us/usc/t28/s1610","tail":" note)."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}