Goodlatte Statement at Markup of the “CAPTIVE Act”
Chairman Goodlatte: I would like to begin by thanking
The CAPTIVE Act makes two small, but important changes to section 201 of the Terrorism Risk Insurance Act to make it easier for
Under current federal law, victims of terrorism may satisfy a court-awarded judgment they have against a terrorist party out of any assets of that terrorist party that the federal government has frozen pursuant to the Trading with the Enemy Act or the International Emergency Economic Powers Act. The CAPTIVE Act amends this provision to provide that assets frozen by the federal government pursuant to the Foreign Narcotics Kingpin Designation Act are also available to satisfy judgments against terrorist parties.
This is an important change to the law in cases involving narco-terrorists, like the
This is more than a hypothetical problem. Several weeks ago, I met with some of the victims, and family members of the victims, of a 2003
After they were rescued and returned to
It makes little sense for the law to reach terrorist organizations like the
In addition, to make section 201 consistent with the civil liability provision in the Anti-Terrorism Act and the state sponsored terrorism exception to the Foreign Sovereign Immunities Act, the CAPTIVE Act defines the term "person" as limited to
I urge my colleagues to support this bi-partisan legislation to provide victims of narco-terrorism some measure of financial justice against the terrorist groups that have caused them harm.
For more on today's markup, go to: https://judiciary.house.gov/markup/markup-april-27/.
Read this original document at: https://judiciary.house.gov/press-release/goodlatte-statement-markup-captive-act/


Combine Solicitation – Physical Therapy Services
Advisor News
- Americans aren’t turning retirement plans into action, LIMRA finds
- Ashley Hinson ‘death tax’ story collides with truth
- How advisors can prepare clients for an uncertain retirement landscape
- Investors aren’t waiting out uncertainty
- Transamerica and Advo(k)ate Advisors launch pooled employer plan
More Advisor NewsAnnuity News
- Corebridge annuity sales slip ahead of Equitable marriage
- California teachers settle class-action lawsuit over in-plan annuity fees
- Jackson Financial CEO caps 40-year career with blockbuster Q2
- Lumos Insurance introduces the Immediate Care Plan to help families fund long-term care
- NAIC regulators begin consensus phase on annuity illustration overhaul
More Annuity NewsHealth/Employee Benefits News
- 3 summer sales habits that build next year’s pipeline
- ADMINISTRATION POLICIES GO BEYOND 2025 REPUBLICAN RECONCILIATION LAW, DEEPENING ITS HARM
- STATE LEGISLATIVE SESSIONS HIGHLIGHT CHOICE BETWEEN PROTECTING COVERAGE AND DEEPENING HARM AFTER FEDERAL MEDICAID CUTS
- ICYMI: WISCONSIN ATTORNEY GENERAL JOSH KAUL JOINS LAWSUIT CHALLENGING NEW FEDERAL RULE GOVERNING AFFORDABLE CARE ACT HEALTH PLANS FOR 2027
- Coverage for nonprofit staff in sight
More Health/Employee Benefits NewsLife Insurance News
- HEALEY-DRISCOLL ADMINISTRATION RETURNS $14.5 MILLION TO HEALTH AND DENTAL INSURANCE CONSUMERS AND BUSINESSES
- ‘Uniquely positioned’: Equitable outlines future post-Corebridge merger
- Don't keep checks with clerical errors
- The insurance distributor that builds its own software will win the next decade
- iA Financial Group Reports Second Quarter Results
More Life Insurance News