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Payments for Iran Hostage Victims: Justice Fund for Former American Hostages

This Act aims to ensure full and prompt compensation payments for former American hostages held in Iran and their families. The changes redirect funds from an existing reserve fund directly to cover outstanding claims, meaning victims will receive their due money no later than 30 days after the law is enacted. This provides a direct financial benefit to individuals affected by state-sponsored terrorism.
Key points
Funds for Hostages: The Act appropriates funds from the reserve to fully cover outstanding claims for former American hostages in Iran and their families.
Swift Payments: Payments must be made no later than 30 days after the new provisions take effect, ensuring rapid financial assistance to the victims.
Dedicated Use of Funds: The funds allocated for this purpose can only be used to make compensation payments to victims of state-sponsored terrorism.
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Additional Information
Print number: 118_S_3647
Sponsor: Sen. Warnock, Raphael G. [D-GA]
Process start date: 2024-01-24