Page:United States Statutes at Large Volume 90 Part 2.djvu/1041

 PUBLIC LAW 94-542—OCT. 18, 1976

90 STAT. 2509

Public Law 94-542 94th Congress An Act To amend the International Claims Settlement Act of 1949 to provide for the determination of the validity and amounts of claims of nationals of the United States against the German Democratic Republic.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the International Claims Settlement Act of 1949, as amended, is amended byadding at the end thereof the following new title: "TITLE VI "PURPOSE or

Oct. 18. 1976 [S. 3621]

International Claims Settlement Act of 1949, amendments.

TITLE

"SEC. 600. It is the purpose of this title to provide for the determination of the validity and amounts of outstanding claims against the German Democratic Republic which arose out of the nationalization, expropriation, or other taking of (or special measures directed against) property interests of nationals of the United States. This title shall not be construed as authorizing or as any intention to authorize an appropriation by the United States for the purpose of paying such claims.

22 USC 1644.

"DEFINITIONS

"SEC. 601. As used in this title— "(1) The term 'national of the United States' means— "(a) a natural person who is a citizen of the United States; "(b) a corporation or other legal entity which is organized under the laws of the United States or of any State, the District of Columbia, or the Commonwealth of Puerto Eico, if natural persons who are citizens of the United States own, directly or indirectly, 50 per centum or more of the outstanding capital stock or other beneficial interest of such corporation or entity. The term does not include aliens. "(2) The term 'Commission' means the Foreign Claims Settlement Commission of the United States. "(3) The term 'property' means any property, right, or interest, including any leasehold interest, and debts owed by enterprises which have been nationalized, expropriated, or taken by the German Democratic Republic for which no restoration or no adequate compensation has been made to the former owners of such property. "(4) The term 'German Democratic Republic' includes the government of any political subdivision, agency, or instrumentality thereof or under its control. "(5) The term 'Claims Fund' is the special fund established in the Treasury of the United States composed of such sums as may be paid to the United States by the German Democratic Republic pursuant to the terms of any agreement settling such claims that may be entered into by the Governments of the United States and the German Democratic Republic.

89-194 O—78—pt. 2

66

22 USC 1644a.

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