arrow_back Back to App

Increased Compensation for Victims of State-Sponsored Terrorism

This act aims to increase and expedite compensation payments to American victims of state-sponsored terrorism. It achieves this by redirecting funds from forfeited assets, including from the high-profile Binance case, and from Department of Justice and Treasury forfeiture funds. Citizens who are victims of terrorism can expect more consistent and substantial distributions.
Key points
Expedited Payments: The fifth round of payments for eligible terrorism victims is set to be distributed by March 14, 2025.
New Funding Sources: The terrorism victims' fund will receive billions of dollars from forfeited assets, including a significant amount from the Binance case, and annual transfers from the Department of Justice and Treasury forfeiture funds.
Regular Distributions: Starting January 1, 2026, and annually thereafter, terrorism victims will receive additional, pro-rata payments from all accumulated funds.
Increased Transparency: Annual reports on the Fund's balance, deposits, and disbursements are now required, enhancing public oversight of how funds are utilized.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_706
Sponsor: Sen. Cornyn, John [R-TX]
Process start date: 2025-02-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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_S_706.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-25.

What are the main provisions?

Key points include:

  • Expedited Payments: The fifth round of payments for eligible terrorism victims is set to be distributed by March 14, 2025.
  • New Funding Sources: The terrorism victims' fund will receive billions of dollars from forfeited assets, including a significant amount from the Binance case, and annual transfers from the Department of Justice and Treasury forfeiture funds.
  • Regular Distributions: Starting January 1, 2026, and annually thereafter, terrorism victims will receive additional, pro-rata payments from all accumulated funds.
  • Increased Transparency: Annual reports on the Fund's balance, deposits, and disbursements are now required, enhancing public oversight of how funds are utilized.
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 Sen. Cornyn, John [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Courts and Law Benefits Security