§1581 Foreign National Employees Separation Pay Account

Summary

Creates an account in the Treasury called the "Foreign National Employees Separation Pay Account, Defense" to hold money for separation pay owed to certain foreign nationals. The Secretary of Defense must deposit into that account, from the proper appropriations, all amounts set aside to pay those separation benefits. Money in the account can only be spent for those separation-pay purposes and stays available until it is used. If an amount is deobligated, it can be used for two years from the date of deobligation to record, adjust, and settle amounts properly charged to that liability; any remaining after two years is canceled. This applies only to separation pay for foreign nationals employed by the Department of Defense, or employed by a foreign government for the Defense Department’s benefit, when the payment is covered by a contract, treaty, or memorandum of understanding with a foreign nation.