Expressing the sense of the Congress that the President, in planning and negotiating Iraq's post-war settlements with the United States and its allies, insist that 20 percent of Iraq's future oil revenues be used to pay various costs of the Persian Gulf War.

Urges the President, in planning and negotiating Iraq's postwar settlements with the United States and its allies, to insist that 20 percent of Iraq's future oil revenues be used to pay: (1) indemnification to the United States and its allies for the costs of the military conflict; (2) the costs of rebuilding Kuwait and other countries damaged by Iraq; (3) the costs of the cleanup of the oil spill and restoration of land and wildlife; (4) the costs of extinguishing all oil well fires and the amount of Kuwait's lost revenue due to such fires; (5) reparations to individuals for suffering caused and to families who lost loved ones; and (6) money owed to companies that were not paid for completed work or were not able to fulfill contracts due to Iraq's aggression against Kuwait.