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.
Status:
Introduced
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