Volume 86 · 764
Public Law 92–458
To provide relief for certain prewar Japanese bank claimants.
Approved October 3, 1972
Statutory text
AN ACT
To provide relief for certain prewar Japanese bank claimants.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That, notwithstanding any other provision of law to the contrary, persons of Japanese ancestry interned or paroled pursuant to the Alien Enemy Act during World War II may assert debt claims based upon yen certificates of deposit issued by the pre-World War II Hawaiian or United States branches of the Yokohama Specie Bank, Limited, payable from the vested assets of the bank remaining in the custody of the Attorney General after final distribution is made under the April 30, 1968, judgments and decrees of the United States District Court for the District of Columbia in Honda against Clark, civil action numbered 1179–64, Legal representatives or successors in interest, by inheritance, devise, bequest, or operation of law, of debt claimants, other than persons who would themselves be disqualified from allowance of a debt claim, may apply for and receive payment to the same extent as their
Filing date.
predecessors in interest would have. Claims under this Act shall be filed not later than one hundred and eighty days after the date of enactment of this Act with the Office of Alien Property of the Department of Justice.
Sec. 2.
Claims payable under this Act shall be subject to section 20
of the Trading With the Enemy Act, and required to meet all conditions of allowability and defenses prescribed by section 34(a) of the
Trading With the Enemy Act, except the provision concerning allowance of claims of persons interned or paroled pursuant to the Alien Enemy Act, and the defense that the underlying debt obligation has been released or exonerated on or after November 14, 1957, by its redemption or surrender for consideration.
Sec. 3.
Claims shall be payable at the same yen-dollar conversion ratio afforded to claimants under the consent decree of the United States District Court for the District of Columbia of April 30, 1968, in Honda against Clark, civil action numbered 1179–64, to the extent funds are available therefor.
Sec. 4.
Payments under this Act shall be made as expeditiously as possible. All determinations with respect to the form and content of claims under this Act, the proof thereof and all other matters related to proceedings on such claims, including the allowance and disallowance thereof and the proration of available Yokohama Specie Bank assets among allowed claims if insufficient for full payment, shall be within the sole discretion of the Attorney General or his designee and shall not be subject to review by any court.
Approved October 3, 1972.