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Asset Freezing (Compensation) Bill [HL]

A Bill to make provision for the imposing of restrictions on assets owned by persons involved in supplying terrorist organisations in the United Kingdom with arms, for the purpose of securing compensation for citizens of the United Kingdom affected by the supply of such arms.

Originating House

House of Lords

Parliament last updated

28 April 2017

In Plain English

AI-generated

May contain errors — check source documents for definitive information.

This Bill would give the government power to freeze the assets of people who supply arms to terrorist organisations in the UK, with the aim of using the funds to compensate UK citizens affected by such arms.

Key Points

  • Asset freezes target individuals involved in supplying arms to terrorist organisations in the UK.
  • Funds from the freezes would be used to secure compensation for UK citizens affected by the arms.
  • The Bill originated in the Lords and has completed several Lords stages, including readings and an Order of Commitment discharge, and has moved to the Commons.
  • It is currently at the second reading in the Commons.

Progress

The Bill has finished its Lords stages and is now being considered in the Commons, where it is at the second reading stage.

Who is affected?

Victims of terrorism in the UK and their familiesUK citizens affected by arms supplied to terrorist organisationsLocal communities in the UK affected by terrorism-related harms

Generated 21 February 2026

Bill Stages

1st readingLords

23 May 2016

2nd readingLords

10 Jun 2016

Order of Commitment dischargedLords

1 Nov 2016

3rd readingLords

22 Nov 2016

1st readingCommons

30 Nov 2016

2nd readingCommons
Committee stageCommons
Report stageCommons
3rd readingCommons
Royal Assent

Updates & Documents

News (1)

News - Asset Freezing (Compensation)

1 Jan 1970

This Bill was expected to have its second reading debate on Friday 12 May 2017.

However, as a General Election has now been called and Parliament will be dissolved from 3 May 2017, the Bill falls and no further action will be taken.

Documents (3)

Bill 107 2016-17 (as brought from the Lords)
BillCommons
1 Dec 2016
Asset Freezing (Compensation) Bill: Briefing for Lords Stages
Library NotesLords
6 Jun 2016
HL Bill 5 (as introduced)
BillLords
23 May 2016

Parliamentary Votes (0)

No recorded votes for this bill yet.