A bill to establish priorities in the payment of claims against the People's Republic of China.

Summary

Amends the International Claims Settlement Act to direct the Secretary of the Treasury to deduct from amounts deposited in a special fund to pay claims against the People's Republic of China the lesser of: (1) the expenses incurred by the Foreign Claims Settlement Commission and the Treasury Department in administering such claims; or (2) five percent of such amounts. Sets forth the order of priority of claims to be paid by the Secretary from such special fund. Requires a deduction in the amount otherwise payable to claimants allowed a Federal income tax deduction for claimed losses.

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Timeline

1. 17 December 1979

   Introduced

   Referred to Senate Committee on Foreign Relations.

   Source: IntroReferral

2. 17 December 1979

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 17 December 1979

  Open at official source

Sponsors

• Sen. Javits, Jacob K. [R-NY] · R · Sponsor
• Sen. Church, Frank [D-ID] · D · Cosponsor
• Sen. Lugar, Richard G. [R-IN] · R · Cosponsor
• Sen. Zorinsky, Edward [D-NE] · D · Cosponsor
• Sen. Cranston, Alan [D-CA] · D · Cosponsor
• · ssfr00 · Standing

Related records

• related to → A bill to establish priorities in the payment of claims against the People's Republic of China.