American Victims of Terrorism Compensation Act
Summary
What This Bill Does
The bill directs Binance Holdings forfeiture proceeds (898.6M already deposited, 1.91B additional, plus interest) into the U.S, requires all future forfeitures from IEEPA and Trading with the Enemy Act violations, and all forfeitures involving state sponsors of terrorism regardless of offense type, to be deposited into the Fund with 60-day, and establishes annual pro-rata payments to eligible terrorism victim claimants starting January 2026, distributing all Fund receipts plus interest not already distributed or needed for administrative costs. It relies on appropriations, compliance mandates, and reporting requirements. The main policy areas are Criminal Justice, Social Welfare, and Finance.
Who Benefits and How
American victims of state-sponsored terrorism could gain revenue opportunities, Fifth-round terrorism victim claimants could gain revenue opportunities, and Eligible claimants under the Victims of State Sponsored Terrorism Act could gain revenue opportunities.
Who Bears the Burden and How
Entities violating IEEPA or TWEA sanctions could face higher costs, Treasury Forfeiture Fund could lose revenue opportunities, and Special Master of the Terrorism Victims Fund would take on compliance duties.
Key Provisions
- Directs Binance Holdings forfeiture proceeds (898.6M already deposited, 1.91B additional, plus interest) into the U.S.
- Requires all future forfeitures from IEEPA and Trading with the Enemy Act violations, and all forfeitures involving state sponsors of terrorism regardless of offense type, to be deposited into the Fund with 60-day...
- Establishes annual pro-rata payments to eligible terrorism victim claimants starting January 2026, distributing all Fund receipts plus interest not already distributed or needed for administrative costs.
- Requires the Special Master to submit annual reports to Congress on Fund activity (deposits, disbursements, forfeiture fund transfers), GAO to report on all forfeitures over 10M since 2020, and triennial GAO evaluations...
- Requires caps the Special Master at no more than 10 full-time equivalent DOJ personnel for Fund administration, with all costs paid from the Fund.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill directs Binance Holdings forfeiture proceeds (898.6M already deposited, 1.91B additional, plus interest) into the U.S, requires all future forfeitures from IEEPA and Trading with the Enemy Act violations, and all forfeitures involving state sponsors of terrorism regardless of offense type, to be deposited into the Fund with 60-day, and establishes annual pro-rata payments to eligible terrorism victim claimants starting January 2026, distributing all Fund receipts plus interest not already distributed or needed for administrative costs.
Key Policy Areas
Criminal Justice, Social Welfare, Finance
Primary Purpose
The bill directs Binance Holdings forfeiture proceeds (898.6M already deposited, 1.91B additional, plus interest) into the U.S, requires all future forfeitures from IEEPA and Trading with the Enemy Act violations, and all forfeitures involving state sponsors of terrorism regardless of offense type, to be deposited into the Fund with 60-day, and establishes annual pro-rata payments to eligible terrorism victim claimants starting January 2026, distributing all Fund receipts plus interest not already distributed or needed for administrative costs.
Policy Domains
American Victims of Terrorism Compensation Act
Identified Gains
- American victims of state-sponsored terrorism
- Fifth-round terrorism victim claimants
- Eligible claimants under the Victims of State Sponsored Terrorism Act
- Crime victims
- Terrorism victim claimants
Identified Costs
- Entities violating IEEPA or TWEA sanctions
- Treasury Forfeiture Fund
- Special Master of the Terrorism Victims Fund
- Special Master administration
- Federal agencies holding forfeiture proceeds
Sponsors
Legislative Progress
In CommitteeMr. Cornyn (for himself, Mr. Blumenthal, Mr. Cramer, Mr. Schumer, …
Read twice and referred to the Committee on the Judiciary.
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Congress, DOJ Assets Forfeiture Fund, Federal agencies holding forfeiture proceeds
Positive-direction: Congress
Negative-direction: DOJ Assets Forfeiture Fund, Federal agencies holding forfeiture proceeds, Government Accountability Office, Special Master administration, Special Master of the Terrorism Victims Fund, Treasury Forfeiture Fund
American victims of state-sponsored terrorism, Eligible claimants under the Victims of State Sponsored Terrorism Act, Fifth-round terrorism victim claimants
Entities violating IEEPA or TWEA sanctions
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "special_master"
- → Special Master administering the Fund
- "attorney_general"
- → Attorney General of the United States
- "comptroller_general"
- → Comptroller General (GAO)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology