§ 1641a. — Claims funds.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC1641a]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
SUBCHAPTER III--CLAIMS AGAINST BULGARIA, HUNGARY, RUMANIA, ITALY, AND
THE SOVIET UNION
Sec. 1641a. Claims funds
(a) Establishment; coverage into Treasury; deduction
There are created in the Treasury of the United States five funds to
be known as the Bulgarian Claims Fund, the Hungarian Claims Fund, the
Rumanian Claims Fund, the Italian Claims Fund, and the Soviet Claims
Fund. The Secretary of the Treasury shall cover into each of the
Hungarian, Rumanian, and Bulgarian Claims Funds, the funds attributable
to the respective country or its nationals covered into the Treasury
pursuant to subsections (a) and (b) of section 1631a of this title. The
Secretary of the Treasury shall cover into the Italian Claims Fund the
sum of $5,000,000 paid to the United States by the Government of Italy
pursuant to article II of the Memorandum of Understanding. The Secretary
shall cover into the Treasury the funds collected by the United States
pursuant to the Litvinov Assignment (including postal funds due prior to
November 16, 1933, to the Union of Soviet Socialist Republics because of
money orders certified to that country for payment) and shall cover into
the Soviet Claims Fund the funds so covered into the Treasury. The
Secretary shall deduct from each claims fund 5 per centum thereof as
reimbursement to the Government of the United States for the expenses
incurred by the Commission and by the Treasury Department in the
administration of this subchapter. Such deduction shall be made before
any payment is made out of such fund under section 1641i of this title.
All amounts so deducted shall be covered into the Treasury to the credit
of miscellaneous receipts.
(b) Bulgarian and Rumanian fund
The Secretary of the Treasury shall cover into each of the Bulgarian
and Rumanian Claims Funds such sums as may be paid by the Government of
the respective country pursuant to the terms of any claims settlement
agreement between the Government of the United States and the Government
of such country.
(c) Hungarian fund
The Secretary of the Treasury shall cover into the Hungarian Claims
Fund, such sums as may be paid to the United States by the Government of
Hungary pursuant to the terms of the United States Hungarian Claims
Agreement of March 6, 1973.
(Mar. 10, 1950, ch. 54, title III, Sec. 302, as added Aug. 9, 1955, ch.
645, Sec. 3, 69 Stat. 571; amended Pub. L. 90-421, Sec. 1(8), July 24,
1968, 82 Stat. 422; Pub. L. 93-460, Sec. 1(1), Oct. 20, 1974, 88 Stat.
1386.)
Amendments
1974--Subsec. (c). Pub. L. 93-460 added subsec. (c).
1968--Pub. L. 90-421 designated existing provisions as subsec. (a)
and added subsec. (b).
Section Referred to in Other Sections
This section is referred to in sections 1641c, 1641h of this title.
