§4501 Restitutionary Amounts Covered

Summary

Sets the rules for how money paid as restitution under the Emergency Petroleum Allocation Act of 1973 and the Economic Stabilization Act of 1970 must be handled and paid out. It applies to amounts held in escrow by the Secretary in Treasury-run accounts on or after October 21, 1986, and to any amounts later found by courts or agencies (including settlements) to have been paid for violations, even if the money is held by a court. Money a court held in escrow before October 21, 1986 may stay with that court but must be paid out under these rules. Some money is excluded. That includes amounts already paid out before October 21, 1986 under section 155 of Public Law 97–377 or a final order; amounts tied to rights from the settlement approved on July 7, 1986 in In Re: the Department of Energy Stripper Well Exemption Litigation, M.D.L. No. 378; and any amounts ordered for specific people or classes (including those named as injured or for indirect restitution) by orders issued before October 21, 1986. Covered funds are to be kept in Treasury‑administered escrow accounts and must earn interest at the highest rate the Treasury pays on federal trust fund investments in short‑ and long‑term government securities (including minority bank investments).