Bill > S1083

This bill, the Holocaust Insurance Accountability Act of 2021, aims to restore legal rights for claimants under Holocaust-era insurance policies. It creates a new federal private cause of action and federal subject matter jurisdiction to allow beneficiaries of such policies, many of whom are U.S. citizens, to bring suits in U.S. courts to recover any proceeds to which they may be entitled. The bill also provides a 10-year statute of limitations for such claims, prevents certain prior judgments or settlement agreements from precluding new claims, and ensures that executive agreements or foreign policies do not supersede or preempt state laws related to these policies or claims.