“To expand the temporary borrowing authority and mandatory distribution for the United States Victims of State Sponsored Terrorism Fund.”
No CRS summary available for this bill.
This section directs the Secretary of the Treasury to loan $3,000,000,000 to the United States Victims of State Sponsored Terrorism Fund for each of fiscal years 2027, 2028, and 2029, with deposits required within 30 days after the start of each fiscal year. It mandates that the full borrowed amounts be included in the Fund's annual payments to eligible claimants, bars their reservation for other uses, applies interest at Treasury rates, treats the loans as direct spending, and requires repayment upon the Fund's termination from specified fines and forfeitures involving state sponsors of terrorism. The authority expires September 30, 2029.