Expands the borrowing authority and mandatory distribution for the US Victims of State Sponsored Terrorism Fund.
The bill amends the Justice for United States Victims of State Sponsored Terrorism Act to expand the 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 deposited into the fund within 30 days of the start of each fiscal year and are to be included in the annual payment required under the act. The borrowed amounts cannot be reserved or carried forward for any other payment.
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