Title 22 — Foreign Relations and IntercourseRelease 119-73not60

§1642e Claims Based on Ownership Interest in Corporations or Other Legal Entities

Title 22 › Chapter 21— SETTLEMENT OF INTERNATIONAL CLAIMS › Subchapter IV— CLAIMS AGAINST CZECHOSLOVAKIA › § 1642e

Last updated Apr 5, 2026|Official source

Summary

Claims under section 1642c based on owning part of a company that is itself a U.S. national must be denied. A direct-ownership claim for loss from a nationalization or taking can be allowed if the company was not a U.S. national on the date of the taking, no matter what percent the owner held. An indirect-ownership claim can be allowed only if at least 25 percent of the company was owned by U.S. nationals at the time of the taking. These rules are subject to other parts of this subchapter. Any award for an allowed direct or indirect claim is based on the company’s total loss and paid to the owner in proportion to their ownership share.

Full Legal Text

Title 22, §1642e

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)A claim under section 1642c of this title, based upon an ownership interest in any corporation, association, or other entity which is a national of the United States shall be denied.

(b)A claim under section 1642c of this title, based upon a direct ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, if such corporation, association, or other entity on the date of the nationalization or other taking was not a national of the United States, without regard to the per centum of ownership vested in the claimant in any such claim.

(c)A claim under section 1642c of this title, based upon an indirect ownership interest in a corporation, association, or other entity for loss by reason of the nationalization or other taking of such corporation, association, or other entity, or the property thereof, shall be allowed, subject to other provisions of this subchapter, only if at least 25 per centum of the entire ownership interest thereof at the time of such nationalization or other taking was vested in nationals of the United States.

(d)Any award on a claim under subsection (b) or (c) of this section shall be calculated on the basis of the total loss suffered by such corporation, association, or other entity, and shall bear the same proportion to such loss as the ownership interest of the claimant bears to the entire ownership interest thereof.

Reference

Citations & Metadata

Citation

22 U.S.C. § 1642e

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 5, 2026

Release point: 119-73not60