§1641b Claims of nationals of the United States against Bulgaria, Hungary, and Rumania

Summary

The Commission must accept and decide claims by U.S. nationals against the governments of Bulgaria, Hungary, and Rumania under applicable law, including international law. Claims can say the government failed to return or pay for property as required by the peace treaties (Bulgaria article 23; Hungary articles 26–27; Rumania articles 24–25). Awards for those treaty claims cannot be more than two‑thirds of the actual loss. Claims can also cover failure to pay for nationalization, forced liquidation, or other takings before August 9, 1955; failure to meet obligations in U.S. dollars from rights acquired before April 24, 1941 for Bulgaria and before September 1, 1939 for Hungary and Rumania that became payable before September 15, 1947; failure to pay for takings in Bulgaria and Rumania between August 9, 1955 and the effective date of that country’s claims agreement with the United States; and failure to pay for takings in Hungary between August 9, 1955 and the date the United States‑Hungarian Claims Agreement of March 6, 1973 enters into force.