A bill providing that $1,000,000 per day shall vest in the United States from the blocked Iranian assets for each of the 52 American hostages until the hostages are released, and to provide for the compensation of the hostages and their families.

Summary

Requires $1,000,000 of the Iranian assets blocked by the President to vest in the United States for each American hostage for each day such hostage is held by Iran after a specified date. Prohibits the President from returning any of the vested amount to Iran. Directs the Secretary of the Treasury to deposit such vested amount in a special fund in the Treasury. Entitles each hostage and the family of each hostage to a certain amount of compensation from the funds.

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1 official file

• Introduced in House

  summary · EN · 5 January 1981

  Open at official source

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