1. Short titles; table of contents (a) Short titles This Act may be cited as the Countering Russian and Other Overseas Kleptocracy Act or the CROOK Act . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short titles; table of contents. Sec. 2. Findings. Sec. 3. Definitions. Sec. 4. Sense of Congress regarding international standards. Sec. 5. Statement of policy. Sec. 6. Anti-Corruption Action Fund. Sec. 7. Interagency Task Force. Sec. 8. Designation of embassy anti-corruption points of contact. Sec. 9. Reporting requirements. 2. Findings Congress finds the following: (1) Authoritarian leaders in foreign countries abuse their power to steal assets from state institutions, enrich themselves at the expense of their countries’ economic development, and use corruption as a strategic tool both to solidify their grip on power and to undermine democratic institutions abroad. (2) Global corruption harms the competitiveness of United States businesses, feeds terrorist recruitment and transnational organized crime, enables drug smuggling and human trafficking, and stymies economic growth. (3) Illicit financial flows often inconspicuously penetrate a country through what appears to be legitimate financial transactions, as kleptocrats launder money, use shell companies, amass offshore wealth, and participate in a global shadow economy. (4) The government of Vladimir Putin in Russia is the leading model of this type of foreign kleptocratic system, using corruption to erode democratic governance from within and discrediting democracy abroad, thereby strengthening his authoritarian rule. (5) Russia uses stolen money— (A) to purchase key assets in other countries, particularly with a goal of attaining monopolistic control of a sector; (B) to gain access to and influence the policies of democratic countries