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22 U.S.C. § 1631a — Property owned by Bulgaria, Hungary, and Rumania or any national thereof
Federal law — U.S. Code and appendices · legal_authorities
**(a) Vesting of property; liquidation; disposition of net proceeds** In accordance with article 25 of the treaty of peace with Bulgaria, article 29 of the treaty of peace with Hungary, and article 27 of the treaty of peace with Rumania, any property which was blocked in accordance with Executive Order 8389 of April 10, 1940, as amended, and remains blocked on August 9, 1955, and which, as of September 15, 1947, was owned directly or indirectly by Bulgaria, Hungary, and Rumania or by any national thereof as defined in such Executive order, shall vest in such officer or agency as the President may from time to time designate and shall vest when, as, and upon such terms as the President or his designee shall direct. Such property shall be sold or otherwise liquidated as expeditiously as possible after vesting under such rules and regulations as the President or his designee may prescribe. The net proceeds remaining upon completion of the administration and liquidation thereof, including the adjudication of any suits or claims with respect thereto under sections 1631f and 1631g of this title, shall be covered into the Treasury. Notwithstanding the preceding provisions of this subsection, any such property determined by the President or his designee to be owned directly by a natural person shall not be vested under this subsection but shall remain blocked subject to release when, as, and upon such terms as the President or his designee may prescribe. If, at any time within one year from the date of the vesting of any property under this subsection, the President or his designee shall determine that it was directly owned at the date of vesting by a natural person, then the President or his designee shall divest such property and restore it to its blocked status prior to vest
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Source file: Laws/federal/codes/united-states-code/title-22/section-1631a-property-owned-by-bulgaria-hungary-and-rumania-or-any-national-thereof--71f2d3e478.md
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Source location: Title 22, Chapter 21, § 1631a; chapter-021-settlement-of-international-claims.md
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**(a) Vesting of property; liquidation; disposition of net proceeds** In accordance with article 25 of the treaty of peace with Bulgaria, article 29 of the treaty of peace with Hungary, and article 27 of the treaty of peace with Rumania, any property which was blocked in accordance with Executive Order 8389 of April 10, 1940, as amended, and remains blocked on August 9, 1955, and which, as of September 15, 1947, was owned directly or indirectly by Bulgaria, Hungary, and Rumania or by any national thereof as defined in such Executive order, shall vest in such officer or agency as the President may from time to time designate and shall vest when, as, and upon such terms as the President or his designee shall direct. Such property shall be sold or otherwise liquidated as expeditiously as possible after vesting under such rules and regulations as the President or his designee may prescribe. The net proceeds remaining upon completion of the administration and liquidation thereof, including the adjudication of any suits or claims with respect thereto under sections 1631f and 1631g of this title, shall be covered into the Treasury. Notwithstanding the preceding provisions of this subsection, any such property determined by the President or his designee to be owned directly by a natural person shall not be vested under this subsection but shall remain blocked subject to release when, as, and upon such terms as the President or his designee may prescribe. If, at any time within one year from the date of the vesting of any property under this subsection, the President or his designee shall determine that it was directly owned at the date of vesting by a natural person, then the President or his designee shall divest such property and restore it to its blocked status prior to vesting, subject to release when, as, and upon such terms as the President or his designee may prescribe, or if such property has been liquidated, shall divest the net proceeds thereof and carry them in blocked accounts with the Treasury, bearing no interest, in the name of the owner thereof at the date of vesting, subject to release when, as, and upon such terms as the President or his designee may prescribe.
**(b) Net proceeds of property vested in Alien Property Custodian or Attorney General** The net proceeds of any property which was vested in the Alien Property Custodian or the Attorney General after December 17, 1941, pursuant to the Trading With the Enemy Act, as amended [[50 U.S.C. 4301](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4301&num=0&edition=prelim) et seq.], and which at the date of vesting was owned directly or indirectly by Bulgaria, Hungary, or Rumania, or any national thereof, shall after completion of the administration, liquidation, and disposition of such property pursuant to such Act, including the adjudication of any suits or claims with respect thereto under such Act, be covered into the Treasury, except that the net proceeds of any such property which the President or his designee shall determine was directly owned by a natural person at the date of vesting shall be divested by the President or such officer or agency as he may designate and carried in blocked accounts with the Treasury, bearing no interest, in the name of the owner thereof at the date of vesting, subject to release when, as, and upon such terms as the President or his designee may prescribe.
**(c) Determination of ownership by natural person of vested property** The determination under this section that any vested property was not directly owned by a natural person at the date of vesting shall be within the sole discretion of the President or his designee and shall not be subject to review by any court.
**(d) Furnishing of information; production of books and records** The President or his designee may require any person to furnish, in the form of reports or otherwise, complete information, including information with regard to past transactions, relative to any property blocked under Executive Order 8389 of April 10, 1940, as amended, or as may be otherwise necessary to enforce the provisions of this section; and the President or his designee may require of any person the production of any books of account, records, contracts, letters, memoranda, or other papers relative to such property or as may be otherwise necessary to enforce the provisions of this section.
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The President, if he shall find it compatible with the safety of the United States and with the successful prosecution of the war, may, by proclamation, suspend the provisions of this chapter so far as they apply to an ally of enemy, and he may revoke or renew such suspension from time to time; and the President may grant licenses, special or general, temporary or otherwise, and for such period of time and containing such provisions and conditions as he shall prescribe, to any person or class of persons to do business as provided in subsection (a) of [section 4304 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4304&num=0&edition=prelim), and to perform any act made unlawful without such license in [section 4303 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4303&num=0&edition=prelim), and to file and prosecute applications under subsection (b) of [section 4310 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title50-section4310&num=0&edition=prelim); and he may revoke or renew such licenses from time to time, if he shall be of opinion that such grant or revocation or renewal shall be compatible with the safety of the United States and with the successful prosecution of the war; and he may make such rules and regulations, not inconsistent with law, as may be necessary and proper to carry out the provisions of this chapter; and the President may exercise any power or authority conferred by this chapter through such officer or officers as he shall direct.If the President shall have reasonable cause to believe that any act is about to be performed in violation of [section 4303 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-t
Source: Supplied U.S. Code snapshot — release unconfirmed · 50 U.S.C. § 4305
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Federal law — U.S. Code and appendices · legal_authorities
This chapter shall be known as the “Trading with the enemy 11 So in original. Act.”
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment; coverage into Treasury; deduction** There are created in the Treasury of the United States five funds to be known as the Bulgarian Claims Fund, the Hungarian Claims Fund, the Rumanian Claims Fund, the Italian Claims Fund, and the Soviet Claims Fund. The Secretary of the Treasury shall cover into each of the Hungarian, Rumanian, and Bulgarian Claims Funds, the funds attributable to the respective country or its nationals covered into the Treasury pursuant to subsections (a) and (b) of [section 1631a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1631a&num=0&edition=prelim). The Secretary of the Treasury shall cover into the Italian Claims Fund the sum of $5,000,000 paid to the United States by the Government of Italy pursuant to article II of the Memorandum of Understanding. The Secretary shall cover into the Treasury the funds collected by the United States pursuant to the Litvinov Assignment (including postal funds due prior to November 16, 1933, to the Union of Soviet Socialist Republics because of money orders certified to that country for payment) and shall cover into the Soviet Claims Fund the funds so covered into the Treasury. The Secretary shall deduct from each claims fund 5 per centum thereof as reimbursement to the Government of the United States for the expenses incurred by the Commission and by the Treasury Department in the administration of this subchapter. Such deduction shall be made before any payment is made out of such fund under [section 1641i of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1641i&num=0&edition=prelim). All amounts so deducted shall be covered into the Treasury to the credit of miscellaneous receipts.
**(b) Bulgarian and Ruman
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Federal law — U.S. Code and appendices · legal_authorities
The President is authorized to appoint, prescribe the duties of, and fix the salary of an official to be known as the alien property custodian, who shall be empowered to receive all money and property in the United States due or belonging to an enemy, or ally of enemy, which may be paid, conveyed, transferred, assigned, or delivered to said custodian under the provisions of this chapter; and to hold, administer, and account for the same under the general direction of the President and as provided in this chapter. The President may further employ in the District of Columbia and elsewhere and fix the compensation of such clerks, attorneys, investigators, accountants, and other employees as he may find necessary for the due administration of the provisions of this chapter; Provided, That such clerks, investigators, accountants, and other employees shall be appointed from lists of eligibles to be supplied by the Civil Service Commission 11 See Transfer of Functions note below. and in accordance with the civil-service law.
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Federal law — U.S. Code and appendices · legal_authorities
Page 411
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 1631a
and subsequently, along with the remaining sections of
former Title 26 comprising chapter 1, except sections
143 and 144, were repealed by sections 7851(a)(1)(A) of
Title 26, Internal Revenue Code. Sections 143 and 144 of
former Title 26 were repealed by section 7851(a)(1)(B) of
Title 26.
Chapter 2A of the Internal Revenue Code of 1939, re-
ferred to in subsec. (f)(2)(A), was comprised of sections
500 to 511 of former Title 26, Internal Revenue Code.
Sections 500 to 511 were repealed by section 7851(a)(1)(A)
of Title 26, Internal Revenue Code.
Chapter 2B of the Internal Revenue Code of 1939, re-
ferred to in subsec. (f)(2)(A), was comprised of sections
600 to 605 of former Title 26, Internal Revenue Code.
Sections 600 to 605 were repealed by act Nov. 8, 1945, ch.
453, title II, § 202, 59 Stat. 574, eff. with respect to tax-
able years ending June 30, 1946.
Chapter 2D of the Internal Revenue Code of 1939, re-
ferred to in subsec. (f)(2)(A), was comprised of sections
700 to 706 of former Title 26, Internal Revenue Code.
Sections 700 to 716 were repealed by section 7851(a)(1)(A)
of Title 26, Internal Revenue Code.
Chapter 2E of the Internal Revenue Code of 1939, re-
ferred to in subsec. (f)(2)(A), was comprised of sections
710 to 784 of former Title 26, Internal Revenue Code.
Sections 710 to 736, 740, 742 to 744, 750, 751, 760, 761 and
780 to 784 were repealed by act Nov. 8, 1945, ch. 453, title
I, § 122(a), 59 Stat. 568. Section 741 was repealed by act
Oct. 21, 1942, ch. 619, title II, §§ 224(b), 228(b), 56 Stat. 920,
925. Section 752 was repealed by act Oct. 21, 1942, ch. 619,
title II, § 229(a)(1), 56 Stat. 931, eff. as of Oct. 8, 1940.
Subtitle A of the Internal Revenue Code of 1986,
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 1631a
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Federal law — U.S. Code and appendices · legal_authorities
Page 1055
TITLE 50—WAR AND NATIONAL DEFENSE
§ 4302
1 So in original.
Sec.
4311.
Importations prohibited.
4312.
Property transferred to Alien Property Custo-
dian.
4313.
Statements by masters of vessels and owners
of cargoes before granting clearances.
4314.
False manifest; refusal of clearance; reports
of gold or silver coin in cargoes for export.
4315.
Offenses; punishment; forfeitures of property.
4316.
Rules by district courts; appeals.
4317.
Fees of agents, attorneys, or representatives.
4318.
Claims of naturalized citizens as affected by
expatriation.
4319.
Fugitives from justice barred from recovery.
4320.
Payment of income, etc., by Alien Property
Custodian.
4321.
Payment of taxes and expenses by Alien Prop-
erty Custodian.
4322.
Investments by Custodian in participating
certificates issued by Secretary of the
Treasury; transfers to and payments from
German, Austrian or Hungarian special de-
posit accounts; allocation of payments.
4323.
Allocation of ‘‘unallocated interest fund’’.
4324.
Return by Custodian, to United States, of
payments under licenses, assignments or
sales of patents.
4325.
‘‘Unallocated interest fund’’ defined.
4326.
Waiver by Custodian of demand for property;
acceptance of less amount; approval of At-
torney General.
4327.
Attachment or garnishment of funds or prop-
erty held by Custodian.
4328.
‘‘Member of the former ruling family’’ de-
fined.
4329.
Return of property.
4330.
Notice of claim; institution of suits; com-
putation of time.
4331.
Payment of debts.
4332.
Hearings on claims; rules and regulations;
delegation of powers.
4333.
Taxes.
4334.
Insurance of property.
4335.
Shipment of relief supplies; definitions.
4336.
Retention of properties or interests of Ger-
many and Japa
Source: Supplied 2024 U.S. Code historical extraction · 50 U.S.C. § 4301
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