Bills · HR 1530
IN COMMITTEE· 119TH CONGRESS
House BillHR 1530Government studies and investigationsGovernment trust funds
American Victims of Terrorism Compensation Act
INTRO FEB 24· LAST ACTION FEB 24
READING
15MIN
COSPONSORS
72BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it tries to provide a more stable and significant source of compensation for American victims of state-sponsored terrorism. Many victims and their families have faced long waits and insufficient funds in the past, leading to financial hardship and delayed justice. If this bill becomes law, it could lead to more timely and substantial payments, helping these individuals rebuild their lives.
If the bill doesn't pass, the existing fund for victims of state-sponsored terrorism might continue to struggle with funding shortfalls, potentially resulting in further delays or reduced compensation for those who have suffered from these attacks. This bill represents an attempt to ensure that funds seized from illegal activities are directed towards providing redress for some of the most severely impacted American citizens.
KEY PROVISIONS
4AI-extractedPROVISION 01
Transfers approximately $2.8 billion (plus interest) from a forfeiture case involving Binance Holdings Limited into the United States Victims of State Sponsored Terrorism Fund.
This provides a substantial immediate boost to the fund's resources, potentially enabling more and larger payments to victims.
PROVISION 02
Requires annual transfers of 50% of the "excess unobligated balance" and 50% of interest from the Department of Justice Assets Forfeiture Fund and the Department of the Treasury Forfeiture Fund into the United States Victims of State Sponsored Terrorism Fund.
This establishes a recurring, potentially significant, funding stream, aiming for long-term financial stability for the victims' fund.
PROVISION 03
Directs approximately $1.5 billion from the Binance forfeiture funds to be deposited into the Crime Victims Fund.
While not for state-sponsored terrorism victims, this allocates a substantial amount from the same source to another important victim compensation program.
PROVISION 04
Sets a deadline of March 14, 2025, for the distribution of "fifth-round payments" from the fund to eligible claimants.
This ensures that a specific group of victims who are already eligible receive their compensation in a timely manner.
SPONSORSHIP
1 + 72
R· New York
YRS IN OFFICE
3
BILLS LED
123
COSPONSOR BREAKDOWNBIPARTISAN · 72%
DEM 46 REP 26 IND 0
ACTION TIMELINE
2 EVENTSFEB 24
Introduced in House
FEB 24
Referred to the House Committee on the Judiciary.
BILL INFO
TypeHouse Bill
NumberHR 1530
Congress119th
StatusIn Committee
IntroducedFeb 24, 2025
Last actionFeb 24, 2025
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
IN COMMITTEE· 119TH CONGRESS · JUDICIARY COMMITTEE · INTRODUCED FEB 24, 2025
House BillHR 1530Government studies and investigationsGovernment trust funds
American Victims of Terrorism Compensation Act
INTRODUCED FEB 24, 2025· LAST ACTION FEB 24, 2025
PASSAGE CHANCES
—%
READING
15 min
COSPONSORS
72
COMPLEXITY
Moderate
