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Code · BILL · 119th Congress · H.R. 2570 (Introduced in House) — To impose additional sanctions with respect to Iran and modify other existing sanctions with respect to Iran, and for... · Sec. 502

Sec. 502. Repurposing frozen Iranian funds for United States Victims of State Sponsored Terrorism fund

200 words·~1 min read·/bill/119/hr/2570/ih/section-502

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Not later than 90 days after the enactment of this Act, the President shall make available for the United States Victims of State Sponsored Terrorism Fund— those funds transferred from the Republic of Korea to Qatar pursuant to the waiver exercised pursuant to section 1245(d)(5) of the National Defense Authorization Act for Fiscal Year 2012 and sections 1244(i) and 1247(f) of the Iran Freedom and Counter-Proliferation Act of 2012 and transmitted to Congress on September 11, 2023; and any other funds held with respect to United States sanctions on the Islamic Republic of Iran that the President determines is appropriate to be made available to the United States Victims of State Sponsored Terrorism Fund.
Nothing in this section shall be construed as to deny payments from the United States Victims of State Sponsored Terrorism Fund to the victims of the October 7, 2023, attack in Israel who file an eligible claim under subsection
(c)of section 20144 of the Justice of United States Victims of State Sponsored Terrorism Act ( 34 U.S.C. 20144(c) ) after the President has already made the funds described in paragraph
(1)of this section available to the United States Victims of State Sponsored Terrorism Fund.
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Sec. 502
Repurposing frozen Iranian funds for United States Victims of State Sponsored Terrorism fund
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