Amends the Federal criminal code to change the name of the Racketeer Influenced and Corrupt Organizations (RICO) statute to Pattern of Illicit Activity.

Revises the civil action requirements for persons aggrieved by RICO violations. Permits governments as well as persons to bring such an action. Provides for the recovery of treble damages: (1) where a government entity has been injured as a result of such violations; or (2) in the case of any person, if a criminal conviction of the defendant is obtained. Allows a person aggrieved by a RICO violation to recover punitive damages under certain circumstances.

Requires the court to award a prevailing plaintiff a reasonable attorney's fee.

Sets a statute of limitations for such actions of: (1) three years after the cause of action accrues; (2) three years after the conduct causing injury terminates; or (3) two years after the date of the criminal conviction (required for a treble damage cause of action).

Amends the Federal criminal code to change the name of the Racketeer Influenced and Corrupt Organizations (RICO) statute to Pattern of Illicit Activity.

Revises the civil action requirements for persons aggrieved by RICO violations. Permits governments as well as persons to bring such an action. Allows an action to be brought against an individual or against a person other than an individual (an organization) if the conduct was: (1) knowingly engaged in by an officer, director, or employee of such person; (2) authorized or ratified by an executive officer or governing board; and (3) intended to benefit, and did benefit, such person materially.

Sets a statute of limitations for such actions of three years after the plaintiff first knew or should have known of the existence of conduct giving rise to the cause of action.

Requires the court to award a prevailing plaintiff a reasonable attorney's fee.