H.R.2985 - Arab Bank Accountability Act

To require the Secretary of the Treasury to take certain actions with regard to the Arab Bank, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To require the Secretary of the Treasury to take certain actions with regard to the Arab Bank, and for other purposes. as introduced.
  • Short: Arab Bank Accountability Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/10/07
 
 
 
 
 
 
 

Official Summary

Arab Bank Accountability Act - Directs the Secretary of the Treasury to release certain documents and information relating to the Arab Bank (other than those which would impede any federal criminal or civil investigation of the Bank). Directs the President to block certain Bank assets withi

Official Summary

Arab Bank Accountability Act - Directs the Secretary of the Treasury to release certain documents and information relating to the Arab Bank (other than those which would impede any federal criminal or civil investigation of the Bank). Directs the President to block certain Bank assets within the United States which shall be made available for payment of any terrorism-related judgment against the Bank. States that after any such judgment becomes final the Board of Directors of the Federal Reserve System and the Comptroller of the Currency shall act to terminate any Bank branch or agency in the United States and to prohibit the Bank from maintaining any interest in any commercial lending company within the United States.

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