((a)) ** Transfer of forfeited property to forfeiture funds**

((1)) ** In general** Any covered forfeited property shall be deposited into the Department of the Treasury Forfeiture Fund established under or the Department of Justice Assets Forfeiture Fund established under .section 9705 of title 31section 524(c) of title 28

((2)) ** Report required** Not later than 180 days after , and every 180 days thereafter, the President shall submit to the appropriate congressional committees a report on any deposits made under paragraph (1) during the 180-day period preceding submission of the report.April 24, 20242024-04-24

((3)) ** Covered forfeited property defined** In this subsection, the term “covered forfeited property” means property—

((A)) forfeited to the United States under chapter 46 or ; and

((B)) that belonged to or was possessed by an individual affiliated with or connected to a transnational criminal organization subject to sanctions under—

((i)) this subchapter;

((ii)) the Fentanyl Sanctions Act ( et seq.); or

((iii)) Executive Order 14059 ( note; relating to imposing sanctions on foreign persons involved in the global illicit drug trade).

((b)) ** Blocked Assets Under Terrorism Risk Insurance Act of 2002** Nothing in this subchapter may be construed to affect the treatment of blocked assets of a terrorist party described in section 201(a) of the Terrorism Risk Insurance Act of 2002 ( note).28 U.S.C. 1610