Sec. 106. Treatment of blocked property of transnational criminal organizations
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The President may transfer the proceeds of any covered forfeited property to the Department of the Treasury Forfeiture Fund established under section 9705 of title 31, United States Code, or the Department of Justice Assets Forfeiture Fund established under section 524(c) of title 28, United States Code. Not later than 180 days after the date of the enactment of this Act, and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report on any transfers made under paragraph
(1)during the 180-day period preceding submission of the report. In this subsection, the term covered forfeited property means property— seized by the Department of Justice under chapter 46 or section 1963 of title 18, United States Code; and that belonged to or was possessed by a transnational criminal organization subject to sanctions under— this subtitle; the Fentanyl Sanctions Act ( 21 U.S.C. 2301 et seq. ); or Executive Order 14059 ( 50 U.S.C. 1701 note; relating to imposing sanctions on foreign persons involved in the global illicit drug trade). Nothing in this subtitle affects the treatment of blocked assets of a terrorist party described in subsection
(a)of section 201 of the Terrorism Risk Insurance Act of 2002 ( 28 U.S.C. 1610 note).
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Sec. 106
Treatment of blocked property of transnational criminal organizations
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