Summary: S.3621 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for S.3621. Bill summaries are authored by CRS.

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Introduced in Senate (06/25/1976)

Amends the International Claims Settlement Act of 1949 to direct the Foreign Claims Settlement Commission of the United States to determine the validity and amounts of claims by United States nationals against the German Democratic Republic for losses arising from nationalization, expropriation, or other taking of property. Specifies procedures for such determinations.

Directs the Secretary of the Treasury to establish a Claims Fund and to make settlement payments certified by the Commission. Sets forth procedures and regulations for such payments.