Kleptocracy Asset Recovery Rewards Program Act

H.R. 5344, the Kleptocracy Asset Recovery Rewards Program Act, would modify the existing Kleptocracy Asset Recovery Rewards Act to extend and formalize the current program. Specifically, it changes references from a “pilot program” to a full “program,” removes a three-year time limit that had applied to the program, and adds a sunset provision after seven years from enactment. In effect, the bill keeps using the same concept—offering rewards to help recover assets stolen through kleptocracy—but turns the pilot into a standing program with a defined end date, creating a pathway for future renewal by Congress. The bill was introduced in the House by Mr. Lynch (and Mr. Nunn of Iowa), referred to the Committee on Financial Services. The changes focus narrowly on naming, duration, and sunset timing; the text provided does not include new funding levels or specific eligibility/award details beyond these structural amendments.