American Victims of Terrorism Compensation Act

Timely Payments for Fifth-Round Claims: The bill requires that fifth-round payments authorized by the Special Master on or before January 1, 2025, be distributed to eligible claimants no later than March 14, 2025, or as soon as possible once payment information is received. (Section 2(a)(1))

Increased Funding via Binance Holdings Limited Proceeds: The bill directs specific sums, totaling $898,619,225 already deposited and an additional $1,912,031,763 in related funds and net proceeds, into the Fund to support victims. (Section 2(a)(2)(C)(i)(aa))

Consistent Annual Distributions: The bill mandates that on January 1 of each year, the Special Master or Attorney General authorizes additional payments to eligible claimants on a pro rata basis, including all amounts received by any agency of the United States. (Section 4)

Supplementing the Fund through Forfeitures: The bill expands the scope of funds and net proceeds from property forfeited due to violations of the International Emergency Economic Powers Act or the Trading with the Enemy Act, or involving dealings with state sponsors of terrorism, to be deposited into the Fund. (Section 3(a)(1))

Enhanced Oversight and Transparency: The bill requires the Special Master to submit an annual report to Congress regarding the Fund's balance, deposits, and disbursements, as well as a report from the Comptroller General to evaluate administration and funding sufficiency. (Section 5)

Redirection of Funds to the Crime Victims Fund: A sum of $1,505,475,575 from specific proceedings is to be deposited into the Crime Victims Fund rather than the United States Victims of the State Sponsored Terrorism Fund. (Section 2(a)(2)(C)(i)(II))

Impact on Law Enforcement Sharing: The bill contains a rule of construction stating that nothing in the amendments shall harm or impair amounts previously identified for equitable sharing with law enforcement. (Section 2(b))