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H.R. 5506 (99th): A bill to amend the International Claims Settlement Act of 1949 to provide that the value of claims be based on the fair market value of the property taken.


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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


9/11/1986--Introduced. Amends the International Claims Settlement Act of 1949 to require the Foreign Claims Settlement Commission of the United States, in determining the value of a claim under international law, to award the fair market value of the property seized by a foreign government. Sets forth the method of determining fair market value.