Congress: 97 · Status: passed · Israel/Palestine classification: neutral
Data (JSON) — machine-readable record of this bill (identifiers, sponsor, classification, actions, and the member-by-member vote breakdown).
Sponsor: Rep. Bingham, Jonathan B. [D-NY-22] (D-NY)
Czechoslovakian Claims Settlement Act of 1981 - Approves the Agreement between the United States and Czechoslovakia on the settlement of certain financial issues that was initialed on November 6, 1981. Authorizes the President to execute technical changes in the agreement if they are necessary to facilitate its implementation. Directs the Secretary of the Treasury to cover into the Czechoslovakian Claims Fund the amount paid by Czechoslovakia to discharge the claims of U.S. nationals pursuant to the agreement. Directs the Secretary to establish two accounts in the Fund. Requires a specified minimum amount to be placed in one account. Requires such account to be used to pay certified claims by U.S. nationals for losses resulting from the nationalization or other taking of property by Czechoslovakia between January 1, 1945, and August 8, 1958. Requires the other account, into which the remainder of the funds shall be covered, to be available to pay the certified claims of U.S. nationals for similar losses which occurred between August 8, 1958, and the date on which the agreement takes effect. Authorizes the Commission to determine the validity of such claims. Sets forth the methods of certifying claims and paying awards. Requires the right to payment to lapse if specified conditions are met. Authorizes appropriations to cover the administrative expenses incurred by the Commission and the Treasury under this Act. Amends the Trade Act of 1974 to repeal the provision governing the payment by Czechoslovakia of amounts owed U.S. citizens and nationals.