Page:United States Statutes at Large Volume 94 Part 3.djvu/890

 94 STAT. 3534

PUBLIC LAW 96-606—DEC. 28, 1980

Public Law 96-606 96th Congress An Act Dec. 28, 1980 [H.R. 5737]

International Claims Settlement Act of 1949, amendment.

To amend the International Claims Settlement Act of 1949 to allow recovery by United States nationals for losses incurred in Vietnam.

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 (22 U.S.C. 1621 et seq.) is amended by adding at the end thereof the following new title: "TITLE VII PURPOSE OF TITLE

22 USC 1645.

"SEC. 701. It is the purpose of this title to provide for the determination of the validity and amounts of outstanding claims against Vietnam which arose out of the nationalization, expropriation, or other taking of (or special measures directed against) property 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. "DEFINITIONS

22 USC 1645a.

"SEC. 702. 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; and "(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 Rico, 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; "(2) the term 'Commission' means the Foreign Claims Settlement Commission of the United States; "(3) the term 'property' means— "(A) any property, right, or interest, including any leasehold interest, "(B) any debt owed by Vietnam or by any enterprise which has been nationalized, expropriated, or otherwise taken by Vietnam, and "(C) any debt which is a charge on property which has been nationalized, expropriated, or otherwise taken by Vietnam; "(4) the term 'Vietnam' means— "(A) the Government of the Socialist Republic of Vietnam, "(B) any predecessor governing authority operating in South Vietnam on or after April 29, 1975, including the Provisional Revolutionary Government of South Vietnam,

�