The Fraud Accountability and Recovery Act would cut off U.S. foreign aid to any country whose government fails to extradite individuals convicted of defrauding the United States or refuses to help recover stolen federal funds. The bill specifically targets countries that don't cooperate in identifying, freezing, seizing, and returning money obtained through fraud schemes. The legislation was prompted by the Feeding Our Future fraud case in Minnesota, where over $250 million meant for child meals was stolen and some proceeds were transferred abroad to places like Kenya. The Secretary of State would be required to submit a report within 180 days of the bill's enactment, and then annually, listing noncompliant countries and detailing the amount of stolen funds involved. The President can waive these restrictions on national security grounds but must notify Congress at least 15 days in advance with justification.
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