To amend the Justice for United States Victims of State Sponsored Terrorism Act to clarify and supplement the funding sources for United States victims of state-sponsored terrorism to ensure consistent and meaningful distributions from the United States Victims of State Sponsored Terrorism Fund, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
This bill strengthens compensation for American victims of state-sponsored terrorism by directing additional money into the U.S. Victims of State Sponsored Terrorism Fund. Key provisions include: (1) depositing approximately 2.8 billion dollars from the Binance Holdings criminal case forfeiture into the Fund, plus 1.5 billion into the Crime Victims Fund; (2) transferring 50% of excess balances from both the DOJ Assets Forfeiture Fund and Treasury Forfeiture Fund annually; (3) requiring all future forfeitures from sanctions violations (IEEPA, Trading with the Enemy Act) and cases involving state sponsors of terrorism to be deposited into the Fund; (4) establishing annual pro-rata payments to eligible claimants starting January 2026; (5) requiring detailed annual reporting by the Special Master on Fund activity and GAO oversight reports; and (6) capping administrative staff at 10 DOJ employees.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Amends the Justice for United States Victims of State Sponsored Terrorism Act to increase and clarify funding sources for the victims compensation fund, including directing Binance Holdings forfeiture proceeds, DOJ and Treasury forfeiture fund surpluses, and additional forfeiture proceeds from sanctions-related cases into the Fund.
Who Benefits
- American victims of state-sponsored terrorism
- Crime victims (via Crime Victims Fund)
- Eligible claimants under the existing compensation program
Who Bears Costs
- State sponsors of terrorism (assets seized)
- Entities violating IEEPA/TWEA sanctions
- DOJ and Treasury (reduced forfeiture fund balances)
Key Policy Areas
{'domain': 'Legal System', 'evidence': ['2', '3', '4']}, {'domain': 'National Security', 'evidence': ['3']}, {'domain': 'Finance', 'evidence': ['2']}
Primary Purpose
Amends the Justice for United States Victims of State Sponsored Terrorism Act to increase and clarify funding sources for the victims compensation fund, including directing Binance Holdings forfeiture proceeds, DOJ and Treasury forfeiture fund surpluses, and additional forfeiture proceeds from sanctions-related cases into the Fund.
Policy Domains
Legislative Strategy
"Expand funding sources for terrorism victim compensation by capturing large-scale forfeiture proceeds, particularly from cryptocurrency enforcement (Binance case) and sanctions violations"
Sponsors
Legislative Progress
IntroducedMr. Cornyn (for himself, Mr. Blumenthal, Mr. Cramer, Mr. Schumer, …
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