Title 22 — Foreign Relations and IntercourseRelease 119-73

§1645i Award payment procedures

Title 22 › Chapter CHAPTER 21— - SETTLEMENT OF INTERNATIONAL CLAIMS › Subchapter SUBCHAPTER VII— - CLAIMS AGAINST VIETNAM › § 1645i

Last updated Apr 6, 2026|Official source

Summary

The Commission must notify the Secretary of the Treasury, in U.S. dollars, about every award made under the awards program. When the Treasury is notified, it must pay from the Claims Fund. First it pays $2,500 or the award’s principal, whichever is less. After that, it makes periodic proportional payments on the unpaid principal balances, based on each award’s share of the money then available. Once all principals are fully paid, proportional payments may be made for any allowed interest. All payments must follow Treasury rules.

Full Legal Text

Title 22, §1645i

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)The Commission shall certify to the Secretary of the Treasury, in terms of United States currency, each award made pursuant to section 1645b of this title.

(b)(1)Upon certification of each award made pursuant to section 1645b of this title, the Secretary of the Treasury shall, out of the sums covered into the Claims Fund, make payments on account of such awards as follows, and in the following order of priority:

(A)Payment in the amount of $2,500 or the principal amount of the award, whichever is less.

(B)Thereafter, payments from time to time, in ratable proportions, on account of the unpaid balance of the principal amounts of all awards according to the proportions which the unpaid balance of such awards bear to the total amount in the Claims Fund available for distribution at the time such payments are made.

(2)After payment has been made in full of the principal amounts of all awards pursuant to paragraph (1), pro rata payments may be made on account of any interest that may be allowed on such awards.

(c)Payments or applications for payments under subsection (b) shall be made in accordance with such regulations as the Secretary of the Treasury may prescribe.

Reference

Citations & Metadata

Citation

22 U.S.C. § 1645i

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73