Asset Freezing (Compensation) Bill [HL]

A Bill to make provision for the imposing of restrictions on assets owned by persons involved in conduct that gives support and assistance to terrorist organisations in the United Kingdom for the purpose of securing compensation for citizens of the United Kingdom affected by such conduct

Originating House

House of Lords

Last Updated

26 April 2021

In Plain English

AI-generated

The Asset Freezing (Compensation) Bill would give the government powers to freeze the assets of people who support or assist terrorist organisations in the UK. The aim is to use those powers to secure compensation for UK citizens affected by such conduct. The bill also signals a link between sanctions and redress for victims.

Key Points

Creates asset-freezing powers targeting individuals or organisations involved in supporting terrorist organisations in the UK.
Provides a mechanism to secure compensation for UK citizens affected by such conduct.
Originated in the Lords and is currently at the second reading in the Commons (early stage of passage).
Official documents include two Bills and one Library Note.

Progress

Originated in the Lords; the bill is now at the second reading in the Commons, indicating it is at an early stage of parliamentary consideration.

Who is affected?

UK citizens affected by terrorist-related conduct (potential compensation claimants)Victims of terrorism and their familiesIndividuals or organisations involved in supporting or assisting terrorist organisations in the UK (asset-restricted under the bill)

Generated 21 February 2026