§1641b — Title 22 Foreign Relations and Intercourse | U.S. Code

Summary

The Commission must accept and decide claims by U.S. nationals against Bulgaria, Hungary, and Rumania under applicable law, including international law, when those governments failed to pay or restore property or money owed. Claims covered include five situations: failure to restore or pay for property as required by the peace treaties (awards may not exceed two‑thirds of the loss); failure to pay compensation for nationalization, forced liquidation, or other takings before August 9, 1955; failure to pay U.S. currency obligations for rights acquired before April 24, 1941 (Bulgaria) or before September 1, 1939 (Hungary and Rumania) that became payable before September 15, 1947; failure to pay for takings in Bulgaria and Rumania between August 9, 1955 and the effective date of their claims agreements with the United States; and failure to pay for takings in Hungary between August 9, 1955 and the date the United States‑Hungarian Claims Agreement of March 6, 1973 enters into force.

Title 22, §1641b

Foreign Relations and Intercourse — Source: USLM XML via OLRC

The Commission shall receive and determine in accordance with applicable substantive law, including international law, the validity and amounts of claims of nationals of the United States against the Governments of Bulgaria, Hungary, and Rumania, or any of them, arising out of the failure to—

(1)restore or pay compensation for property of nationals of the United States as required by article 23 of the treaty of peace with Bulgaria, articles 26 and 27 of the treaty of peace with Hungary, and articles 24 and 25 of the treaty of peace with Rumania. Awards under this paragraph shall be in amounts not to exceed two-thirds of the loss or damage actually sustained;

(2)pay effective compensation for the nationalization, compulsory liquidation, or other taking, prior to August 9, 1955, of property of nationals of the United States in Bulgaria, Hungary, and Rumania;

(3)meet obligations expressed in currency of the United States arising out of contractual or other rights acquired by nationals of the United States prior to April 24, 1941, in the case of Bulgaria, and prior to September 1, 1939, in the case of Hungary and Rumania, and which became payable prior to September 15, 1947;

(4)pay effective compensation for the nationalization, compulsory liquidation, or other taking of property of nationals of the United States in Bulgaria and Rumania, between August 9, 1955, and the effective date of the claims agreement between the respective country and the United States; and

(5)pay effective compensation for the nationalization, compulsory liquidation, or other taking of property of nationals of the United States in Hungary, between August 9, 1955, and the date the United States-Hungarian Claims Agreement of March 6, 1973, enters into force.

Editorial Notes

Amendments

1974—Par. (5). Pub. L. 93–460, § 1(3), added par. (5). 1968—Par. (4). Pub. L. 90–421, § 1(10), added par. (4).

§1641b Claims of Nationals of the United States Against Bulgaria, Hungary, and Rumania

Summary

Title 22, §1641b

Notes & Related Subsidiaries

Editorial Notes

Amendments

Citations & Metadata