American Victims of Terrorism Compensation Act
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill, the American Victims of Terrorism Compensation Act, amends the Justice for United States Victims of State Sponsored Terrorism Act to improve the funding and distribution of compensation to victims of terrorism sponsored by foreign states. Specifically, it directs the transfer of forfeited assets from Binance and other sources, including the Department of Justice Assets Forfeiture Fund and the Treasury Forfeiture Fund, into the Victims of State Sponsored Terrorism Fund. It also establishes timelines for distributing payments and requires the Special Master to report on the Fund’s activity and available funds to Congress.
Key provisions
- Transfers forfeited assets from Binance Holdings Limited and the Department of Justice into the Victims of State Sponsored Terrorism Fund.
- Establishes deadlines for distributing fifth-round payments to eligible claimants by March 14, 2025.
- Directs the deposit of certain forfeited funds from the Treasury Forfeiture Fund into the Crime Victims Fund.
- Authorizes additional payments to eligible claimants on a pro rata basis starting January 1, 2026.
- Requires the Special Master to report annually on the Fund’s balance and activity, including deposit and disbursement information.
- Mandates the submission of a report by the Comptroller General assessing the Fund’s administration and funding.
- Directs the transfer of remaining lump sum catch-up payment reserve fund amounts into the Fund.
- Clarifies the definition of ‘excess unobligated balance’ for forfeiture fund transfers.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
74 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours