§ 1641a. Claims funds

Statutory text

Establishment; coverage into Treasury; deduction

There are created in the Treasury of the United States five funds to be known as the Bulgarian Claims Fund, the Hungarian Claims Fund, the Rumanian Claims Fund, the Italian Claims Fund, and the Soviet Claims Fund. The Secretary of the Treasury shall cover into each of the Hungarian, Rumanian, and Bulgarian Claims Funds, the funds attributable to the respective country or its nationals covered into the Treasury pursuant to subsections (a) and (b) of section 1631a of this title. The Secretary of the Treasury shall cover into the Italian Claims Fund the sum of $5,000,000 paid to the United States by the Government of Italy pursuant to article II of the Memorandum of Understanding. The Secretary shall cover into the Treasury the funds collected by the United States pursuant to the Litvinov Assignment (including postal funds due prior to November 16, 1933, to the Union of Soviet Socialist Republics because of money orders certified to that country for payment) and shall cover into the Soviet Claims Fund the funds so covered into the Treasury. The Secretary shall deduct from each claims fund 5 per centum thereof as reimbursement to the Government of the United States for the expenses incurred by the Commission and by the Treasury Department in the administration of this subchapter. Such deduction shall be made before any payment is made out of such fund under section 1641i of this title. All amounts so deducted shall be covered into the Treasury to the credit of miscellaneous receipts.

Bulgarian and Rumanian fund

The Secretary of the Treasury shall cover into each of the Bulgarian and Rumanian Claims Funds such sums as may be paid by the Government of the respective country pursuant to the terms of any claims settlement agreement between the Government of the United States and the Government of such country.

Hungarian fund

The Secretary of the Treasury shall cover into the Hungarian Claims Fund, such sums as may be paid to the United States by the Government of Hungary pursuant to the terms of the United States Hungarian Claims Agreement of March 6, 1973.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1950
Pub. L. 84–54 · 69 Stat. 80
Enacted · 22 U.S.C. § 1641a
Mar. 10, 1950, ch. 54, title III, § 302, as added Aug. 9, 1955, ch. 645, § 3, 69 Stat. 571
Source evidence
Code source credit
Mar. 10, 1950, ch. 54, title III, § 302, as added Aug. 9, 1955, ch. 645, § 3, 69 Stat. 571
1968
Pub. L. 90–421 § 1(8) · 82 Stat. 420
1. Amended · 22 U.S.C. § 1641a
  Pub. L. 90–421 designated existing provisions as subsec. (a)
2. Added · 22 U.S.C. § 1641a
  Pub. L. 90–421 added subsec. (b)
Source evidence
Code amendment note
Pub. L. 90–421 designated existing provisions as subsec. (a) and added subsec. (b).
Enacted provision · exact public law section
(1) Subsection (f) of section 4, title I, is hereby amended to read as follows: “(f) No remuneration on account of services rendered on behalf of any claimant in connection with any claim filed with the Commission under this title shall exceed 10 per centum of the total amount paid pursuant to any award certified under the provisions of this title, on account of such claim. Any agreement to the contrary shall be unlawful Penalty. and void. Whoever, in the United States or elsewhere, demands or receives, on account of services so rendered, any remuneration in excess of the maximum permitted by this section, shall be fined not more than $5,000 or imprisoned not more than twelve months, or both.”
1974
Pub. L. 93–460 § 1(1) · 88 Stat. 1386
Added · 22 U.S.C. § 1641a(c)
Pub. L. 93–460 added subsec. (c)
Source evidence
Code amendment note
Subsec. (c). Pub. L. 93–460 added subsec. (c).
Enacted provision · exact public law section
(1) Section 302, title III, is amended by adding a new subsection (c) as follows: “(c) The Secretary of the Treasury shall cover into the Hungarian Claims Fund, such sums as may be paid to the United States by the Government 24 UST 522. of Hungary pursuant to the terms of the United States-Hungarian Claims Agreement of March 6, 1973.”.

3 of 4 references resolved to an enrolled provision · 1 partial

Editorial Notes

Amendments1968–1974 · 2 rounds

1974

Subsec. (c). Pub. L. 93–460 added subsec. (c).

1968

Pub. L. 90–421 designated existing provisions as subsec. (a) and added subsec. (b).

Credits

1950–1974 · 3 acts

1950Mar. 10, 1950, ch. 54, title III, § 302, as added Aug. 9, 1955, ch. 645, § 3, 69 Stat. 571
1968amended Pub. L. 90–421, § 1(8), July 24, 1968, 82 Stat. 422
1974Pub. L. 93–460, § 1(1), Oct. 20, 1974, 88 Stat. 1386.

Show as published

(Mar. 10, 1950, ch. 54, title III, § 302, as added Aug. 9, 1955, ch. 645, § 3, 69 Stat. 571; amended Pub. L. 90–421, § 1(8), July 24, 1968, 82 Stat. 422; Pub. L. 93–460, § 1(1), Oct. 20, 1974, 88 Stat. 1386.)