The enactment of H1789 is expected to have several implications on existing state laws, particularly regarding the handling of profits gained from criminal actions. By requiring parties to submit contracts to the division, the bill creates a regulatory environment that seeks to safeguard victims’ rights and enhance their chances of receiving compensation. It also includes provisions for establishing bonds equal to the contract value to secure potential victim claims until legal determinations regarding the criminal's profits have been resolved. This alignment may necessitate revisions to existing laws surrounding victim compensation and civil liabilities.
Summary
House Bill 1789, titled 'An Act relative to profits from crime,' aims to regulate the proceeds derived from criminal activities. It establishes a framework where the Division of Victim Compensation and Assistance monitors contracts that involve payments to individuals who have been convicted of crimes. The bill proposes that any party that enters into an agreement to compensate a defendant must disclose that agreement to the division within 30 days, ensuring that any payments that could be deemed as 'proceeds of crime' are effectively tracked and managed. This initiative is intended to protect victims of crime and ensure they have access to potential restitution from such profits.
Contention
While the bill intends to provide greater oversight and protection for crime victims, it may also raise concerns regarding overreach and the administrative burden placed on contracting parties. Critics might argue that the obligation to disclose contracts and maintain bonds could hinder legitimate business dealings and increase operational costs for businesses inadvertently contracting with individuals who have criminal backgrounds. Additionally, questions regarding the efficiency and efficacy of the division in managing these disclosures and determining the legality of contracts may be focal points of contention during further legislative discussions.
Provides equitable relief to government contractors who have sustained unanticipated expenses due to increases for construction materials; appropriates $25 million.
Provides equitable relief to government contractors who have sustained unanticipated expenses due to increases for construction materials; appropriates $25 million.
Provides equitable relief to government contractors who have sustained unanticipated expenses due to increases for construction materials; appropriates $25 million.