A bill to provide that certain payments be made by the Government of Iran to those United States citizens who were taken hostage in Tehran in November 1979.

Entitles each U.S. citizen held hostage in Iran to specified payments based on the length of time such citizen is held hostage or a specified amount if the hostage is injured or dies as a result of the captivity.

Directs the Secretary of the Treasury to establish a special fund to make such payments containing amounts paid by Iran to the United States or realized from the blocked Iranian assets, if not otherwise paid by Iran. Requires the President to make such payments from the blocked Iranian assets within one year after captivity has ended. Directs the President to continue to prohibit transactions in a specified portion of the Iranian assets until such payments are made.