US Congress Senate Bill 868 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on March 26 2015 - 25% progression, died in committee
Action: 2015-03-26 - Read twice and referred to the Committee on Foreign Relations.
Pending: Senate Foreign Relations Committee
Text: Latest bill text (Introduced) [PDF]

Justice for Former American Hostages in Iran Act of 2015 Establishes in the Treasury the American Hostages in Iran Compensation Fund to: (1) make payments to the Americans held hostage in Iran, and to their families, who are identified as members of the proposed class in case number 1:00-CV-03110 (ESG) of the U.S. District Court for the District of Columbia; and (2) satisfy their claims against Iran relating to the taking of hostages and treatment of personnel of the U.S. embassy in Tehran between November 3, 1979, and January 20, 1981. Imposes a surcharge, to be deposited into the Fund, of 30% on the amount of: (1) any fine or penalty imposed for a violation (committed on or after enactment of this Act) of a law or regulation penalizing any economic activity relating to Iran that is administered by the Departments of State, Treasury, Justice, Commerce, or Energy; or (2) the monetary amount of a settlement entered into by a person regarding a suspected violation of such a law or regulation. Requires Fund payments to members of the proposed class in the following order of priority: $10,000 for each day of captivity first to each living former hostage and then to the estate of each deceased former hostage, and $5,000 to each spouse and child of a former hostage for each day of captivity of the former hostage. Prohibits a payment recipient from maintaining an action against Iran in any federal or state court for any claims relating to the hostage events. Waives and forever releases all existing claims against Iran for those events upon payment from the Fund to all designated recipients. Requires the State Department to submit recommendations to Congress if Fund amounts will be insufficient to pay all recipients within 444 days after enactment of this Act.

Justice for Former American Hostages in Iran Act of 2015

Sen. Johnny Isakson [R-GA]

Sen. Richard Blumenthal [D-CT]

Sen. Lindsey Graham [R-SC]

Sen. Bill Nelson [D-FL]

Date	Chamber	Action
2015-03-26	Senate	Read twice and referred to the Committee on Foreign Relations.

SB1635 (Related) 2016-12-16 - Became Public Law No: 114-323.
HB3338 (Related) 2015-09-08 - Referred to the Subcommittee on the Constitution and Civil Justice.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/868/all-info
Text	https://www.congress.gov/114/bills/s868/BILLS-114s868is.pdf