Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB706 Compare Versions

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11 II
22 119THCONGRESS
33 1
44 STSESSION S. 706
55 To amend the Justice for United States Victims of State Sponsored Terrorism
66 Act to clarify and supplement the funding sources for United States
77 victims of state-sponsored terrorism to ensure consistent and meaningful
88 distributions from the United States Victims of State Sponsored Ter-
99 rorism Fund, and for other purposes.
1010 IN THE SENATE OF THE UNITED STATES
1111 FEBRUARY25, 2025
1212 Mr. C
1313 ORNYN(for himself, Mr. BLUMENTHAL, Mr. CRAMER, Mr. SCHUMER,
1414 and Mr. S
1515 CHIFF) introduced the following bill; which was read twice and
1616 referred to the Committee on the Judiciary
1717 A BILL
1818 To amend the Justice for United States Victims of State
1919 Sponsored Terrorism Act to clarify and supplement the
2020 funding sources for United States victims of state-spon-
2121 sored terrorism to ensure consistent and meaningful dis-
2222 tributions from the United States Victims of State Spon-
2323 sored Terrorism Fund, and for other purposes.
2424 Be it enacted by the Senate and House of Representa-1
2525 tives of the United States of America in Congress assembled, 2
2626 SECTION 1. SHORT TITLE. 3
2727 This Act may be cited as the ‘‘American Victims of 4
2828 Terrorism Compensation Act’’. 5
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3131 •S 706 IS
3232 SEC. 2. TRANSFER OF CERTAIN FUNDS INTO UNITED 1
3333 STATES VICTIMS OF STATE SPONSORED TER-2
3434 RORISM FUND. 3
3535 (a) I
3636 NGENERAL.—Section 404 of the Justice for 4
3737 United States Victims of State Sponsored Terrorism Act 5
3838 (34 U.S.C. 20144) is amended— 6
3939 (1) in subsection (d)(4), by adding at the end 7
4040 the following: 8
4141 ‘‘(E) F
4242 IFTH-ROUND PAYMENTS .—All fifth- 9
4343 round payments required to be authorized by 10
4444 the Special Master on or before January 1, 11
4545 2025, shall be distributed to eligible claimants 12
4646 not later than March 14, 2025, or, if an eligible 13
4747 claimant has not provided the Special Master 14
4848 with the payment information required for dis-15
4949 tribution, as soon as practicable after the date 16
5050 of receipt by the Special Master of such infor-17
5151 mation.’’; and 18
5252 (2) in subsection (e)(2), by adding at the end 19
5353 the following: 20
5454 ‘‘(C) C
5555 ERTAIN ASSIGNED AND FORFEITED 21
5656 ASSETS.— 22
5757 ‘‘(i) B
5858 INANCE HOLDINGS LIMITED .— 23
5959 ‘‘(I) I
6060 N GENERAL.— 24
6161 ‘‘(aa) A
6262 LREADY DEPOS -25
6363 ITED.—The sum of 26
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6666 •S 706 IS
6767 $898,619,225, corresponding to 1
6868 the funds, and the net proceeds 2
6969 from the sale of property, for-3
7070 feited to the United States from 4
7171 or in connection with the plea 5
7272 agreement in the proceedings 6
7373 captioned as United States v. 7
7474 Binance Holdings Limited, No. 8
7575 2:23–cr–00178 (RAJ) (W.D. 9
7676 Wash. filed Nov. 14, 2023), al-10
7777 ready deposited into the Fund. 11
7878 ‘‘(bb) A
7979 DDITIONAL 12
8080 FUNDS.—The sum of 13
8181 $1,912,031,763, corresponding to 14
8282 a portion of the funds, and the 15
8383 net proceeds from the sale of 16
8484 property, forfeited or paid to the 17
8585 United States arising from or in 18
8686 connection with the proceedings 19
8787 described in item (aa) or any re-20
8888 lated civil or administrative pro-21
8989 ceedings. 22
9090 ‘‘(cc) I
9191 NTEREST.—All inter-23
9292 est earned on the amounts de-24
9393 scribed in item (aa) or (bb) from 25
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9797 the date of such forfeiture or 1
9898 payment. 2
9999 ‘‘(II) D
100100 EPOSIT IN CVF .—The 3
101101 sum of $1,505,475,575, from the 4
102102 funds, and the net proceeds from the 5
103103 sale of property, paid to the United 6
104104 States arising from or in connection 7
105105 with proceedings described in sub-8
106106 clause (I)(aa) shall be deposited into 9
107107 the Crime Victims Fund established 10
108108 under section 1402 of the Victims of 11
109109 Crime Act of 1984 (34 U.S.C. 12
110110 20101). 13
111111 ‘‘(III) T
112112 IMING.—An agency of 14
113113 the United States shall deposit or 15
114114 transfer into the Fund any amount 16
115115 paid by a defendant in such pro-17
116116 ceedings that is required to be depos-18
117117 ited into the Fund pursuant to sub-19
118118 clause (I), plus any interest thereon, 20
119119 not later than the later of— 21
120120 ‘‘(aa) 30 days after the re-22
121121 ceipt of such amount by the 23
122122 agency; or 24
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126126 ‘‘(bb) 15 days after the date 1
127127 of enactment of this subpara-2
128128 graph. 3
129129 ‘‘(ii) D
130130 OJ ASSETS FORFEITURE 4
131131 FUND.— 5
132132 ‘‘(I) I
133133 N GENERAL.—Fifty percent 6
134134 of the excess unobligated balance, as 7
135135 defined in section 524(c)(8) of title 8
136136 28, United States Code, of the De-9
137137 partment of Justice Assets Forfeiture 10
138138 Fund established under 524(c)(1) of 11
139139 that title, determined on the later of 12
140140 January 31, or the date of enactment 13
141141 of a final appropriations Act for each 14
142142 fiscal year, to be transferred annually 15
143143 thereafter not later than 30 days after 16
144144 the date of such determination, plus 17
145145 50 percent of any interest amount 18
146146 earned on the investment of any bal-19
147147 ance of the Assets Forfeiture Fund as 20
148148 of that date. 21
149149 ‘‘(II) T
150150 RANSFERS.—No transfer 22
151151 pursuant to this subparagraph shall 23
152152 count against any limitation on the 24
153153 use of the excess unobligated balances 25
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156156 •S 706 IS
157157 described in subclause (I) as provided 1
158158 in an annual appropriations Act or 2
159159 other legislation. 3
160160 ‘‘(III) E
161161 XCLUSION OF RESCIS -4
162162 SIONS FOR FISCAL YEAR AFTER DE -5
163163 TERMINATION OF AMOUNT .—For pur-6
164164 poses of subclause (I), the amount of 7
165165 the unobligated balance of the Depart-8
166166 ment of Justice Asset Forfeiture 9
167167 Fund, as of September 30 of a fiscal 10
168168 year, shall be determined without re-11
169169 gard to any rescission of amounts in 12
170170 the fund for the next fiscal year in-13
171171 cluded in an appropriation Act re-14
172172 ferred to in section 105 of title 1, 15
173173 United States Code, including any an-16
174174 ticipated or potential rescission and 17
175175 any rescission given continuing effect 18
176176 for such next fiscal year under an Act 19
177177 making continuing appropriations for 20
178178 such next fiscal year. 21
179179 ‘‘(iii) T
180180 REASURY FORFEITURE 22
181181 FUND.— 23
182182 ‘‘(I) I
183183 N GENERAL.—Fifty percent 24
184184 of the excess unobligated balance of 25
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187187 •S 706 IS
188188 the Department of the Treasury For-1
189189 feiture Fund established under section 2
190190 9705 of title 31, United States Code, 3
191191 determined on the later of January 4
192192 31, or the date of enactment of a final 5
193193 appropriations Act for each fiscal 6
194194 year, to be transferred annually there-7
195195 after not later than 30 days after 8
196196 such determination, plus 50 percent of 9
197197 any interest amount earned on the in-10
198198 vestment of any balance of the Treas-11
199199 ury Forfeiture Fund as of that date. 12
200200 ‘‘(II) T
201201 RANSFERS.—No transfer 13
202202 pursuant to this subparagraph shall 14
203203 count against any limitation on the 15
204204 use of excess unobligated balances de-16
205205 scribed in subclause (I) as provided in 17
206206 an annual appropriations Act or other 18
207207 legislation. 19
208208 ‘‘(III) D
209209 EFINITION OF EXCESS 20
210210 UNOBLIGATED BALANCE .— 21
211211 ‘‘(aa) I
212212 N GENERAL.—In this 22
213213 clause, the term ‘excess unobli-23
214214 gated balance’ means the dif-24
215215 ference between— 25
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218218 •S 706 IS
219219 ‘‘(AA) the unobligated 1
220220 balance of the Department 2
221221 of the Treasury Forfeiture 3
222222 Fund, as of September 30 of 4
223223 the fiscal year before the 5
224224 date specified in subclause 6
225225 (I); and 7
226226 ‘‘(BB) the amount that 8
227227 is required to be retained in 9
228228 the Department of the 10
229229 Treasury Forfeiture Fund to 11
230230 ensure the availability of 12
231231 amounts in the fiscal year 13
232232 after the fiscal year de-14
233233 scribed in subitem (AA) for 15
234234 the purposes for which 16
235235 amounts in the fund are au-17
236236 thorized to be used. 18
237237 ‘‘(bb) E
238238 XCLUSION OF RE -19
239239 SCISSIONS FOR FISCAL YEAR 20
240240 AFTER DETERMINATION OF 21
241241 AMOUNT.—For purposes of sub-22
242242 clause (I), the amount of the un-23
243243 obligated balance of the Depart-24
244244 ment of the Treasury Forfeiture 25
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247247 •S 706 IS
248248 Fund, as of September 30 of a 1
249249 fiscal year, shall be determined 2
250250 without regard to any rescission 3
251251 of amounts in the fund for the 4
252252 next fiscal year included in an 5
253253 appropriation Act referred to in 6
254254 section 105 of title 1, United 7
255255 States Code, including any antici-8
256256 pated or potential rescission and 9
257257 any rescission given continuing 10
258258 effect for such next fiscal year 11
259259 under an Act making continuing 12
260260 appropriations for such next fis-13
261261 cal year. 14
262262 ‘‘(D) I
263263 NTEREST.—All interest earned on 15
264264 any amount deposited or to be deposited into 16
265265 the Fund pursuant to this section, the Amer-17
266266 ican Victims of Terrorism Compensation Act, or 18
267267 an amendment made by that Act, following re-19
268268 ceipt of such amount by any agency of the 20
269269 United States, including all interest earned on 21
270270 the amounts described in subparagraph 22
271271 (C)(i).’’. 23
272272 (b) R
273273 ULE OF CONSTRUCTION.—Nothing in the 24
274274 amendments made by subsection (a) shall be construed to 25
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277277 •S 706 IS
278278 harm, jeopardize, or impair any amounts previously identi-1
279279 fied for equitable sharing with law enforcement or to limit 2
280280 the right of a direct crime victim to receive restitution or-3
281281 dered by a court before the date of enactment of this Act 4
282282 with respect to any offense in a matter or proceeding from 5
283283 which amounts are to be deposited into the Fund pursuant 6
284284 to the amendments made by subsection (a). 7
285285 SEC. 3. TIMING OF DEPOSIT OF PENALTIES AND FINES 8
286286 INTO THE UNITED STATES VICTIMS OF STATE 9
287287 SPONSORED TERRORISM FUND. 10
288288 (a) F
289289 ORFEITEDFUNDS AND PROPERTY.—Section 11
290290 404(e)(2)(A) of the Justice for United States Victims of 12
291291 State Sponsored Terrorism Act (34 U.S.C. 13
292292 20144(e)(2)(A)) is amended— 14
293293 (1) in clause (i), by striking ‘‘forfeited or’’; 15
294294 (2) in clause (ii), by striking ‘‘forfeited or’’; and 16
295295 (3) by adding at the end the following: 17
296296 ‘‘(iii) F
297297 ORFEITURES.— 18
298298 ‘‘(I) I
299299 N GENERAL.—All funds, 19
300300 and the net proceeds from the sale of 20
301301 property, forfeited to the United 21
302302 States after the date of enactment of 22
303303 the American Victims of Terrorism 23
304304 Compensation Act, in a matter or pro-24
305305 ceeding arising from a violation of any 25
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308308 •S 706 IS
309309 license, order, regulation or prohibi-1
310310 tion issued under the International 2
311311 Emergency Economic Powers Act (50 3
312312 U.S.C. 1701 et seq.) or the Trading 4
313313 with the Enemy Act (50 U.S.C. App. 5
314314 1 et seq.) and all funds, and the net 6
315315 proceeds from the sale of property, 7
316316 forfeited to the United States after 8
317317 the date of enactment of the Amer-9
318318 ican Victims of Terrorism Compensa-10
319319 tion Act, in a matter or proceeding in-11
320320 volving, or relating to, or arising from 12
321321 the actions of, or doing business with, 13
322322 or acting on behalf of, a state sponsor 14
323323 of terrorism, without regard to the 15
324324 nature of the offense. 16
325325 ‘‘(II) S
326326 COPE.—All funds and net 17
327327 proceeds described in this clause shall 18
328328 be deposited or transferred into the 19
329329 Fund if the state sponsor of terrorism 20
330330 was so designated at the time of the 21
331331 penalty or fine, at any time during the 22
332332 course of any related legal pro-23
333333 ceedings, or at the time of any related 24
334334 conduct. 25
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338338 ‘‘(III) RULES OF CONSTRUC -1
339339 TION.—Nothing in this clause shall be 2
340340 construed to limit any rights to court- 3
341341 ordered restitution of any direct crime 4
342342 victim of an offense in a matter or 5
343343 proceeding from which amounts are to 6
344344 be deposited into the Fund pursuant 7
345345 to this subparagraph. Nothing in the 8
346346 American Victims of Terrorism Com-9
347347 pensation Act or an amendment made 10
348348 by that Act that clarifies the scope of 11
349349 forfeiture proceeds to be deposited 12
350350 into the Fund shall be construed to 13
351351 impact the scope or interpretation of 14
352352 criminal or civil penalties or fines that 15
353353 are required to be deposited into the 16
354354 Fund under clauses (i) and (ii) of this 17
355355 subparagraph, which scope is the sub-18
356356 ject of pending litigation and shall be 19
357357 addressed in such litigation or by fu-20
358358 ture legislation as warranted, includ-21
359359 ing as informed by the report by the 22
360360 Comptroller General of the United 23
361361 States regarding proceeds available 24
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364364 •S 706 IS
365365 for deposit to the Fund required 1
366366 under subsection (b)(1)(A)(v). 2
367367 ‘‘(iv) T
368368 IMING.—An agency of the 3
369369 United States shall deposit or transfer into 4
370370 the Fund all funds, and the net proceeds 5
371371 from the sale of property, forfeited or paid 6
372372 to the United States described in this sub-7
373373 paragraph not later than the later of— 8
374374 ‘‘(I) 60 days after the receipt of 9
375375 such amount by the agency; or 10
376376 ‘‘(II) 30 days after the date of 11
377377 enactment of this clause.’’. 12
378378 SEC. 4. ANNUAL PAYMENTS. 13
379379 Section 404(d)(4) of the Justice for United States 14
380380 Victims of State Sponsored Terrorism Act (34 U.S.C. 15
381381 20144(d)(4)) is amended by striking subparagraph (A) 16
382382 and inserting the following: 17
383383 ‘‘(A) I
384384 N GENERAL.—Except as provided in 18
385385 subparagraphs (B), (C), and (D), on January 19
386386 1, 2026, and January 1 of each calendar year 20
387387 thereafter, the Special Master or the Attorney 21
388388 General shall authorize additional payments on 22
389389 a pro rata basis to those claimants with eligible 23
390390 claims under subsection (c)(2) to include all 24
391391 amounts received as of that date by any agency 25
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394394 •S 706 IS
395395 of the United States that qualifies for deposit 1
396396 or transfer into the Fund, plus all interest 2
397397 earned from the date of receipt of any such 3
398398 amounts through the date of deposit or transfer 4
399399 into the Fund that has not already been distrib-5
400400 uted pursuant to this subsection and is not re-6
401401 quired for the payment of administrative costs 7
402402 or compensation as set forth in subparagraphs 8
403403 (B) and (C) of subsection (b)(1). All authorized 9
404404 payments shall be distributed to the eligible 10
405405 claimants as soon as practicable in the calendar 11
406406 year of authorization, or, if the Special Master 12
407407 or Attorney General authorizes payments prior 13
408408 to January 1, not later than 1 year after the 14
409409 date of such authorization.’’. 15
410410 SEC. 5. REPORT OF FUND ACTIVITY. 16
411411 Section 404(b)(1)(A) of the Justice for United States 17
412412 Victims of State Sponsored Terrorism Act (34 U.S.C. 18
413413 20144(b)(1)(A)) is amended by adding at the end the fol-19
414414 lowing: 20
415415 ‘‘(iv) A
416416 TTORNEY GENERAL REPORT .— 21
417417 ‘‘(I) R
418418 EPORT.—On January 31 22
419419 of each year, the Special Master shall 23
420420 submit to the chairman and ranking 24
421421 minority member of the Committee on 25
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424424 •S 706 IS
425425 the Judiciary of the Senate and the 1
426426 chairman and ranking minority mem-2
427427 ber of the Committee on the Judiciary 3
428428 of the House of Representatives a re-4
429429 port on the balance and activity of the 5
430430 Fund, which shall include— 6
431431 ‘‘(aa) the total amount in 7
432432 the Fund at the end of the pre-8
433433 ceding fiscal year; 9
434434 ‘‘(bb) deposits into the Fund 10
435435 during the preceding fiscal year 11
436436 sufficient to identify the source, 12
437437 including, if applicable, the case 13
438438 name and the amount of each de-14
439439 posit, except to the extent that 15
440440 any sealing order requires any 16
441441 portion of such information to re-17
442442 main confidential; 18
443443 ‘‘(cc) disbursements from 19
444444 the Fund during the preceding 20
445445 fiscal year sufficient to identify 21
446446 specific amounts disbursed for 22
447447 victim compensation and other 23
448448 purposes, including for adminis-24
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451451 •S 706 IS
452452 trative costs and use of Depart-1
453453 ment of Justice personnel; 2
454454 ‘‘(dd) the amount, and the 3
455455 basis for the calculation, of any 4
456456 funds deposited into the Fund 5
457457 from the Department of Justice 6
458458 Assets Forfeiture Fund estab-7
459459 lished under 524(c)(1) of title 28, 8
460460 United States Code, and the De-9
461461 partment of the Treasury For-10
462462 feiture Fund established under 11
463463 section 9705 of title 31, United 12
464464 States Code, in the prior fiscal 13
465465 year; 14
466466 ‘‘(ee) an explanation of any 15
467467 amounts not deposited into the 16
468468 Fund as a result of any rule of 17
469469 construction pursuant to this Act 18
470470 or the American Victims of Ter-19
471471 rorism Compensation Act; and 20
472472 ‘‘(ff) an explanation of all 21
473473 amounts from or relating to 22
474474 cases qualifying for deposit under 23
475475 this Act that are not deposited 24
476476 into the Fund as a result of 25
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479479 •S 706 IS
480480 inter-agency credits, administra-1
481481 tive costs, or any other reason. 2
482482 ‘‘(II) P
483483 UBLICATION.—Not later 3
484484 than March 1 of each year, the Attor-4
485485 ney General shall publish the report 5
486486 required under subclause (I) on the 6
487487 internet website of the Fund. 7
488488 ‘‘(v) G
489489 AO REPORT REGARDING PRO -8
490490 CEEDS AVAILABLE FOR DEPOSIT TO THE 9
491491 FUND.—Not later than April 1, 2025, the 10
492492 Comptroller General of the United States 11
493493 shall submit to Congress a report, which 12
494494 shall include— 13
495495 ‘‘(I) a listing of all funds, and 14
496496 the net proceeds from the sale of 15
497497 property, forfeited or paid to the 16
498498 United States since January 1, 2020, 17
499499 in an amount greater than 18
500500 $10,000,000 as a criminal penalty or 19
501501 fine in any matter, sufficient to iden-20
502502 tify the source, including, if applica-21
503503 ble, the case name and the amount of 22
504504 each forfeiture or payment, except to 23
505505 the extent that any sealing order re-24
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509509 quires any portion of such information 1
510510 to remain confidential; 2
511511 ‘‘(II) a listing of all funds, and 3
512512 the net proceeds from the sale of 4
513513 property, forfeited or paid to the 5
514514 United States since January 1, 2020, 6
515515 in an amount greater than 7
516516 $10,000,000 as a civil penalty or fine 8
517517 in any matter, sufficient to identify 9
518518 the source, including, if applicable, the 10
519519 case name and the amount of each 11
520520 forfeiture or payment, except to the 12
521521 extent that any sealing order requires 13
522522 any portion of such information to re-14
523523 main confidential; 15
524524 ‘‘(III) an explanation of where 16
525525 each amount described in subclause 17
526526 (I) or (II) was deposited, including 18
527527 deposits into the Fund or the Crime 19
528528 Victims Fund, which shall include the 20
529529 nature of each such deposit, and the 21
530530 statutory basis for each such deposit; 22
531531 and 23
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534534 •S 706 IS
535535 ‘‘(IV) any interest amount earned 1
536536 on each amount described in sub-2
537537 clause (I) or (II). 3
538538 ‘‘(vi) G
539539 AO TRIENNIAL REPORT .—Not 4
540540 later than January 1, 2027, and every 3 5
541541 years thereafter, the Comptroller General 6
542542 of the United States shall submit to Con-7
543543 gress a report— 8
544544 ‘‘(I) evaluating the administra-9
545545 tion of the Fund and the sufficiency 10
546546 of funding for the Fund; 11
547547 ‘‘(II) analyzing funding and pay-12
548548 ment trends; and 13
549549 ‘‘(III) describing amounts out-14
550550 standing and unpaid on eligible claims 15
551551 overall, including such amounts 16
552552 disaggregated by victim group and by 17
553553 when victims entered the Fund.’’. 18
554554 SEC. 6. ADMINISTRATIVE COSTS AND USE OF DEPARTMENT 19
555555 OF JUSTICE PERSONNEL. 20
556556 Section 404(b)(1) of the Justice for United States 21
557557 Victims of State Sponsored Terrorism Act (34 U.S.C. 22
558558 20144(b)(1)) is amended by striking subparagraph (B) 23
559559 and inserting the following: 24
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561561 ssavage on LAPJG3WLY3PROD with BILLS 20
562562 •S 706 IS
563563 ‘‘(B) ADMINISTRATIVE COSTS AND USE OF 1
564564 DEPARTMENT OF JUSTICE PERSONNEL .—The 2
565565 Special Master may utilize, as necessary, no 3
566566 more than 10 full-time equivalent Department 4
567567 of Justice personnel to assist in carrying out 5
568568 the duties of the Special Master under this sec-6
569569 tion. Any costs associated with the use of such 7
570570 personnel, and any other administrative costs of 8
571571 carrying out this section, shall be paid from the 9
572572 Fund.’’. 10
573573 SEC. 7. ADDITIONAL REPORTS. 11
574574 Section 404(d)(4)(D)(iv)(IV) of the Justice for 12
575575 United States Victims of State Sponsored Terrorism Act 13
576576 (34 U.S.C. 20144(d)(4)(D)(iv)(IV)) is amended by strik-14
577577 ing item (bb) and inserting the following: 15
578578 ‘‘(bb) R
579579 EMAINING 16
580580 AMOUNTS.—Not later than 30 17
581581 days after the date of enactment 18
582582 of the American Victims of Ter-19
583583 rorism Compensation Act, all 20
584584 amounts remaining in the lump 21
585585 sum catch-up payment reserve 22
586586 fund in excess of the amounts de-23
587587 scribed in subclauses (I) and (II) 24
588588 of clause (iii) shall be deposited 25
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590590 ssavage on LAPJG3WLY3PROD with BILLS 21
591591 •S 706 IS
592592 into the Fund under this section, 1
593593 including all interest earned on 2
594594 amounts in the lump sum catch- 3
595595 up payment reserve fund. All 4
596596 such amounts, including interest, 5
597597 shall be included in a supple-6
598598 mental fifth-round distribution to 7
599599 be authorized by the Special 8
600600 Master not later than April 1, 9
601601 2025, and distributed pursuant 10
602602 to this section not later than 11
603603 June 30, 2025, to all claimants 12
604604 for whom the Special Master au-13
605605 thorized fifth-round distribu-14
606606 tions.’’. 15
607607 Æ
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