Expands temporary borrowing authority and mandatory distribution for the US Victims of State Sponsored Terrorism Fund.
This bill expands the temporary borrowing authority and mandatory distribution for the United States Victims of State Sponsored Terrorism Fund. It mandates the Secretary of the Treasury to loan $3 billion annually to the fund for fiscal years 2027, 2028, and 2029. These amounts must be included in the annual payment to the fund and cannot be reserved for other payments. The borrowed funds will be repaid using fines, penalties, and forfeitures from state sponsors of terrorism.
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