Page:United States Statutes at Large Volume 110 Part 1.djvu/845

 PUBLIC LAW 104-114 —MAR. 12, 1996 110 STAT. 821 SEC. 304. EXCLUSIVITY OF FOREIGN CLAIMS SETTLEMENT COMMIS- SION CERTIFICATION PROCEDURE. Title V of the International Claims Settlement Act of 1949 (22 U.S.C. 1643 and following), as amended by section 303, is further amended by adding at the end the following new section: "EXCLUSIVITY OF FOREIGN CLAIMS SETTLEMENT COMMISSION CERTIFICATION PROCEDURE "SEC. 515. (a) Subject to subsection (b), neither any national 22 USC 1643m. of the United States who was eligible to file a claim under section 503 but did not timely file such claim under that section, nor any person who was ineligible to file a claim under section 503, nor any national of Cuba, including any agency, instrumentality, subdivision, or enterprise of the Government of Cuba or any local government of Cuba, nor any successor thereto, whether or not recognized by the United States, shall have a claim to, participate in, or otherwise have an interest in, the compensation proceeds or nonmonetary compensation paid or allocated to a national of the United States by virtue of a claim certified by the Commission under section 507, nor shall any district court of the United States have jurisdiction to adjudicate any such claim. "(b) Nothing in subsection (a) shall be construed to detract from or otherwise affect any rights in the shares of capital stock of nationals of the United States owning claims certified by the Commission under section 507.". SEC. 305. LIMITATION OF ACTIONS. 22 USC 6084. An action under section 302 may not be brought more than 2 years after the trafficking giving rise to the action has ceased to occur. SEC. 306. EFFECTIVE DATE. 22 USC 6085. (a) IN GENERAL.— Subject to subsections (b) and (c), this title and the amendments made by this title shall take effect on August 1, 1996. (b) SUSPENSION AUTHORITY. — (1) SUSPENSION AUTHORITY. —The President may suspend the effective date under subsection (a) for a period of not more than 6 months if the President determines and reports in writing to the appropriate congressional committees at least 15 days before such effective date that the suspension is necessary to the national interests of the United States and will expedite a transition to democracy in Cuba. (2) ADDITIONAL SUSPENSIONS.—The President may suspend the effective date under subsection (a) for additional periods of not more than 6 months each, each of which shall begin on the day after the last day of the period during which a suspension is in effect under this subsection, if the President determines and reports in writing to the appropriate congressional committees at least 15 days before the date on which the additional suspension is to begin that the suspension is necessary to the national interests of the United States and will expedite a transition to democracy in Cuba. (c) OTHER AUTHORITIES. — (1) SUSPENSION.— After this title and the amendments of this title have taken effect—

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