Amends the International Claims Settlement Act of 1949 to provide for the determination of claims against Vietnam arising out of the taking of U.S. property interests.
Requires the Foreign Claims Settlement Commission of the United States to receive and determine the validity and amounts of claims by U.S. nationals against Vietnam. Specifies the type of claims that may be considered.
Authorizes the Secretary of the Treasury to establish the Claims Fund for the payment of unsatisfied claims against Vietnam upon certification by the Commission. Specifies the priority of payments on such claims.
Requires the Commission to complete its duties under this Act within three years. Prohibits fees in excess of ten percent of the claim.
Makes specified provisions of existing law relating to the jurisdiction of the Commission, payment of claims, administrative procedure, and employee organizations applicable to the Commission.
Referred to House Committee on Foreign Affairs.
Introduced in Senate
Referred to Senate Committee on Foreign Relations.
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