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Terrorism Victims Support: New Funding Sources and Faster Payments

This act aims to ensure more stable and faster compensation payments for American victims of state-sponsored terrorism. It introduces new funding sources for the Victims of State Sponsored Terrorism Fund, including assets from forfeitures, which should increase the availability of money for those affected. Citizens who are victims of terrorism can expect more regular and timely payments.
Key points
Faster Payments: The fifth round of payments for eligible terrorism victims is to be completed by March 14, 2025.
New Funding Sources: The Victims of State Sponsored Terrorism Fund will be replenished with assets from forfeitures, including a large case related to Binance Holdings Limited, and a portion of surplus funds from the Department of Justice and Treasury forfeiture funds.
Annual Payments: Starting January 1, 2026, additional payments will be authorized annually for eligible victims, based on all funds accumulated in the Fund.
Increased Transparency: The act mandates annual reporting by the Attorney General on the Fund's balance and activity, as well as audit reports on available funds and management efficiency.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1530
Sponsor: Rep. Lawler, Michael [R-NY-17]
Process start date: 2025-02-24
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

American Victims of Terrorism Compensation Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1530.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-02-24.

What are the main provisions?

Key points include:

  • Faster Payments: The fifth round of payments for eligible terrorism victims is to be completed by March 14, 2025.
  • New Funding Sources: The Victims of State Sponsored Terrorism Fund will be replenished with assets from forfeitures, including a large case related to Binance Holdings Limited, and a portion of surplus funds from the Department of Justice and Treasury forfeiture funds.
  • Annual Payments: Starting January 1, 2026, additional payments will be authorized annually for eligible victims, based on all funds accumulated in the Fund.
  • Increased Transparency: The act mandates annual reporting by the Attorney General on the Fund's balance and activity, as well as audit reports on available funds and management efficiency.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Lawler, Michael [R-NY-17].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Benefits Courts and Law Security