§ 1641b. — Claims of nationals of the United States against Bulgaria, Hungary, and Rumania.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC1641b]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 21--SETTLEMENT OF INTERNATIONAL CLAIMS
SUBCHAPTER III--CLAIMS AGAINST BULGARIA, HUNGARY, RUMANIA, ITALY, AND
THE SOVIET UNION
Sec. 1641b. Claims of nationals of the United States against
Bulgaria, Hungary, and Rumania
The Commission shall receive and determine in accordance with
applicable substantive law, including international law, the validity
and amounts of claims of nationals of the United States against the
Governments of Bulgaria, Hungary, and Rumania, or any of them, arising
out of the failure to--
(1) restore or pay compensation for property of nationals of the
United States as required by article 23 of the treaty of peace with
Bulgaria, articles 26 and 27 of the treaty of peace with Hungary,
and articles 24 and 25 of the treaty of peace with Rumania. Awards
under this paragraph shall be in amounts not to exceed two-thirds of
the loss or damage actually sustained;
(2) pay effective compensation for the nationalization,
compulsory liquidation, or other taking, prior to August 9, 1955, of
property of nationals of the United States in Bulgaria, Hungary, and
Rumania;
(3) meet obligations expressed in currency of the United States
arising out of contractual or other rights acquired by nationals of
the United States prior to April 24, 1941, in the case of Bulgaria,
and prior to September 1, 1939, in the case of Hungary and Rumania,
and which became payable prior to September 15, 1947;
(4) pay effective compensation for the nationalization,
compulsory liquidation, or other taking of property of nationals of
the United States in Bulgaria and Rumania, between August 9, 1955,
and the effective date of the claims agreement between the
respective country and the United States; and
(5) pay effective compensation for the nationalization,
compulsory liquidation, or other taking of property of nationals of
the United States in Hungary, between August 9, 1955, and the date
the United States-Hungarian Claims Agreement of March 6, 1973,
enters into force.
(Mar. 10, 1950, ch. 54, title III, Sec. 303, as added Aug. 9, 1955, ch.
645, Sec. 3, 69 Stat. 571; amended Pub. L. 90-421, Sec. 1(9), (10), July
24, 1968, 82 Stat. 422; Pub. L. 93-460, Sec. 1(2), (3), Oct. 20, 1974,
88 Stat. 1386.)
Amendments
1974--Par. (5). Pub. L. 93-460, Sec. 1(3), added par. (5).
1968--Par. (4). Pub. L. 90-421, Sec. 1(10), added par. (4).
Section Referred to in Other Sections
This section is referred to in sections 1641e, 1641i, 1641l, 1641o
of this title; title 50 App. sections 2017g, 2017h, 2017l.
