S.3621 - A bill to amend the International Claims Settlement Act of 1949 to provide for the determination of the validity and amounts of claims of nationals of the United States against the German Democratic Republic.94th Congress (1975-1976)
|Sponsor:||Sen. Sparkman, John J. [D-AL] (Introduced 06/25/1976)|
|Committees:||Senate - Foreign Relations | House - International Relations|
|Committee Reports:||S.Rept 94-1188|
|Latest Action:||10/18/1976 Public law 94-542. (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.3621 — 94th Congress (1975-1976)All Information (Except Text)
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.