Title 50 › Chapter CHAPTER 51— - WAR CLAIMS › Subchapter SUBCHAPTER I— - TITLE I OF WAR CLAIMS ACT OF 1948 › § 4114
Allows the Commission to take, check, and pay claims from people, businesses, and banks tied to the Philippines during World War II. Eligible people include those who were in the U.S. military on or after December 7, 1941, their survivors, U.S. nationals on December 7, 1941 who were still nationals on August 31, 1954, and survivors of deceased nationals who would have been nationals on August 31, 1954. Eligible businesses are those more than 50% owned on both December 7, 1941 and August 31, 1954 by the people above. Eligible banks are those that reestablished frozen accounts or credits of those people or of such businesses that were more than 50% owned on December 7, 1941 and at the time the accounts were reestablished. Claims must be filed within one year after August 31, 1954. If a claimant is legally unable to act, or is dead, payments follow the rules set elsewhere in the law, but no payment can go to anyone who knowingly helped a government hostile to the United States during World War II. Each approved claim is sent to the Secretary of the Treasury to be paid from the War Claims Fund. If a claim is $500 or less, it must be paid in full. If it is more than $500, payment comes in two parts. The first part is $500 plus 66 2/3 percent of the amount over $500. The last part is figured on September 1, 1956 and paid from whatever money is left in the War Claims Fund then. If there is enough money left on that date, the remaining amounts are paid in full. If there is not enough, the final payments are cut back fairly across all unpaid claims.
Full Legal Text
War and National Defense — Source: USLM XML via OLRC
Legislative History
Reference
Citation
50 U.S.C. § 4114
Title 50 — War and National Defense
Last Updated
Apr 6, 2026
Release point: 119-73