§1641a Claims Funds

Summary

Creates five trust funds in the U.S. Treasury named for Bulgaria, Hungary, Rumania, Italy, and the Soviet Union. The Treasury must put into the Bulgarian, Hungarian, and Rumanian funds the money already paid into the Treasury for those countries or their citizens under section 1631a. The Treasury must put $5,000,000 into the Italian fund from the Government of Italy under article II of the Memorandum of Understanding. The Treasury must also place into the Soviet fund the money collected under the Litvinov Assignment, including postal money owed before November 16, 1933 for certified money orders to the USSR. Before any payments are made from a claims fund under section 1641i, the Treasury must deduct 5% from each fund to reimburse the U.S. government for the Commission’s and Treasury Department’s costs in administering this program. Those deductions go to miscellaneous receipts in the Treasury. The Treasury must also put into the Bulgarian and Rumanian funds any payments those governments make under settlement agreements, and put into the Hungarian fund any payments Hungary makes under the United States‑Hungarian Claims Agreement of March 6, 1973.