summary
Introduced
02/24/2025
02/24/2025
In Committee
02/24/2025
02/24/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend the Justice for United States Victims of State Sponsored Terrorism Act to clarify and supplement the funding sources for United States victims of state-sponsored terrorism to ensure consistent and meaningful distributions from the United States Victims of State Sponsored Terrorism Fund, and for other purposes.
AI Summary
This bill amends the Justice for United States Victims of State Sponsored Terrorism Act to enhance funding and distribution mechanisms for the United States Victims of State Sponsored Terrorism Fund. The bill specifically introduces several key provisions: it mandates the transfer of significant funds from Binance Holdings Limited's forfeiture proceedings (nearly $2.8 billion) into the Fund, requires annual transfers of 50% of excess unobligated balances from the Department of Justice and Treasury Forfeiture Funds, and establishes new reporting requirements. The bill requires the Special Master to authorize additional payments to eligible claimants on January 1, 2026, and each subsequent year, distributing all received funds and earned interest. It also mandates annual reports from the Special Master to congressional judiciary committees detailing the Fund's balance, deposits, disbursements, and sources of funding. Additionally, the bill allows the Special Master to use up to 10 full-time equivalent Department of Justice personnel to assist in Fund management, with administrative costs paid from the Fund itself. The legislation aims to ensure consistent and meaningful compensation for U.S. victims of state-sponsored terrorism by creating more transparent and comprehensive funding mechanisms.
Committee Categories
Justice
Sponsors (63)
Mike Lawler (R)*,
Jake Auchincloss (D),
Don Bacon (R),
Vern Buchanan (R),
Janelle Bynum (D),
Lou Correa (D),
Angie Craig (D),
Suzan DelBene (D),
Chris Deluzio (D),
Pat Fallon (R),
Randy Feenstra (R),
Cleo Fields (D),
Russell Fry (R),
Andrew Garbarino (R),
Laura Gillen (D),
Dan Goldman (D),
Lance Gooden (R),
Josh Gottheimer (D),
Jahana Hayes (D),
Chrissy Houlahan (D),
Val Hoyle (D),
Hank Johnson (D),
Tom Kean (R),
Jen Kiggans (R),
Nick LaLota (R),
Nick Langworthy (R),
Rick Larsen (D),
George Latimer (D),
Laurel Lee (R),
Susie Lee (D),
Mike Levin (D),
Ted Lieu (D),
Barry Loudermilk (R),
Nicole Malliotakis (R),
Addison McDowell (R),
LaMonica McIver (D),
Gregory Meeks (D),
Grace Meng (D),
Max Miller (R),
Joe Morelle (D),
Kelly Morrison (D),
Jared Moskowitz (D),
Jerry Nadler (D),
Troy Nehls (R),
Donald Norcross (D),
Eleanor Holmes Norton (D),
Frank Pallone (D),
August Pfluger (R),
Nellie Pou (D),
Deborah Ross (D),
Pat Ryan (D),
Mikie Sherrill (D),
Melanie Stansbury (D),
Elise Stefanik (R),
Suhas Subramanyam (D),
Tom Suozzi (D),
Claudia Tenney (R),
Dina Titus (D),
Ritchie Torres (D),
Derek Tran (D),
Jeff Van Drew (R),
Eugene Vindman (D),
Rudy Yakym (R),
Last Action
Referred to the House Committee on the Judiciary. (on 02/24/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/1530/all-info |
| BillText | https://www.congress.gov/119/bills/hr1530/BILLS-119hr1530ih.pdf |
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