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22 U.S.C. § 1642a — Financial provisions
Federal law — U.S. Code and appendices · legal_authorities
**(a) Deposit of proceeds of certain property** The Secretary of the Treasury is directed to hold, in an account in the Treasury of the United States, the net proceeds of the sale of certain Czechoslovakian steel mill equipment heretofore blocked and sold in the United States by order of the Secretary of the Treasury under authority of Executive Order Numbered 9193, dated July 6, 1942 (7 F.R. 5205, July 9, 1942).
**(b) Creation of Czechoslovakian Claims Fund** There is created in the Treasury of the United States a fund to be designated the Czechoslovakian Claims Fund, for the payment of unsatisfied claims of nationals of the United States against Czechoslovakia as authorized in this subchapter.
**(c) Voluntary settlement and payment of claims of nationals of the United States** If, within one year following August 8, 1958, the Government of Czechoslovakia voluntarily settles with and pays to the Government of the United States a sum in payment of claims of United States nationals against Czechoslovakia, all moneys held pursuant to subsection (a) of this section shall be disposed of in accordance with the terms of the settlement agreement with Czechoslovakia and applicable provisions of this subchapter and the sum paid by Czechoslovakia shall be covered into the Czechoslovakian Claims Fund.
**(d) Deposit of net proceeds into Fund** Upon the expiration of one year after August 8, 1958 if no settlement with Czechoslovakia of the type specified in subsection (c) of this section has occurred, all moneys held pursuant to subsection (a) of this section except amounts held in reserve pursuant to [section 1642b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1642b&num=0&edition=prelim), shall be covered into the Czechoslovakian Clai
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Stable record: federal_law:legal_authorities:record_usc_e55042c10f5166e8354ca78e
Source file: Laws/federal/codes/united-states-code/title-22/section-1642a-financial-provisions--c9eb386fff.md
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Source location: Title 22, Chapter 21, § 1642a; chapter-021-settlement-of-international-claims.md
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**(a) Deposit of proceeds of certain property** The Secretary of the Treasury is directed to hold, in an account in the Treasury of the United States, the net proceeds of the sale of certain Czechoslovakian steel mill equipment heretofore blocked and sold in the United States by order of the Secretary of the Treasury under authority of Executive Order Numbered 9193, dated July 6, 1942 (7 F.R. 5205, July 9, 1942).
**(b) Creation of Czechoslovakian Claims Fund** There is created in the Treasury of the United States a fund to be designated the Czechoslovakian Claims Fund, for the payment of unsatisfied claims of nationals of the United States against Czechoslovakia as authorized in this subchapter.
**(c) Voluntary settlement and payment of claims of nationals of the United States** If, within one year following August 8, 1958, the Government of Czechoslovakia voluntarily settles with and pays to the Government of the United States a sum in payment of claims of United States nationals against Czechoslovakia, all moneys held pursuant to subsection (a) of this section shall be disposed of in accordance with the terms of the settlement agreement with Czechoslovakia and applicable provisions of this subchapter and the sum paid by Czechoslovakia shall be covered into the Czechoslovakian Claims Fund.
**(d) Deposit of net proceeds into Fund** Upon the expiration of one year after August 8, 1958 if no settlement with Czechoslovakia of the type specified in subsection (c) of this section has occurred, all moneys held pursuant to subsection (a) of this section except amounts held in reserve pursuant to [section 1642b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1642b&num=0&edition=prelim), shall be covered into the Czechoslovakian Claims Fund.
**(e) Deductions for expenses** The Secretary of the Treasury shall deduct from the Czechoslovakian 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. The amount so deducted shall be covered into the Treasury to the credit of miscellaneous receipts.
**(f) Disposition of balance of Fund** After the deduction for administrative expenses pursuant to subsection (e) of this section, and after payment of awards certified pursuant to [section 1642i of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1642i&num=0&edition=prelim), the balance remaining in the Fund, if any, shall be paid to Czechoslovakia in accordance with instructions to be provided by the Secretary of State.
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Federal law — U.S. Code and appendices · legal_authorities
No judicial relief or remedy shall be available to any person asserting a claim against the United States or any officer or agent thereof with respect to any action taken under this subchapter, or any other claim for or on account of the property or proceeds described in [section 1642a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1642a&num=0&edition=prelim), or for any other action taken with respect thereto except to the extent that the action complained of constitutes a taking of private property without just compensation, and to such extent the sole judicial relief and remedy available shall be an action brought against the United States in the United States Court of Federal Claims which action must be brought within one year of August 8, 1958, or it shall be forever barred; and any action so brought shall receive a preference over all actions which themselves are not given preference by statute. No other court shall have original jurisdiction to consider any such claim by mandamus or otherwise. If any action is brought pursuant to this section the Secretary of the Treasury shall set aside an appropriate reserve in the account containing the moneys held pursuant to subsection (a) of [section 1642a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title22-section1642a&num=0&edition=prelim). Such reserve shall be retained pending a final determination of all issues raised in the action and recovery in any such action shall be limited to and paid out of the moneys so reserved. After a final determination of all issues raised in the action and payment of any judgment against the United States entered pursuant thereto, any balance no longer required to be held in reserve shall be disposed of in accord
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Federal law — U.S. Code and appendices · legal_authorities
The Commission shall certify to the Secretary of the Treasury, in terms of United States currency, each award made pursuant to this subchapter.
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Federal law — U.S. Code and appendices · legal_authorities
Page 427
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 1642b
chapter and amending sections 1641c and 1641j of this
title], or the application thereof to any person or cir-
cumstances, shall be held invalid, the remainder of the
Act, or the application of such provision to other per-
sons or circumstances, shall not be affected.’’
TRANSFER
OF FOREIGN CLAIMS SETTLEMENT COMMIS-
SION
OF
THE UNITED STATES
AS SEPARATE AGENCY
WITHIN DEPARTMENT OF JUSTICE
For provisions transferring Foreign Claims Settle-
ment Commission of the United States as a separate
agency within the Department of Justice, see section
1622a et seq. of this title.
§ 1642a. Financial provisions
(a) Deposit of proceeds of certain property
The Secretary of the Treasury is directed to
hold, in an account in the Treasury of the
United States, the net proceeds of the sale of
certain Czechoslovakian steel mill equipment
heretofore blocked and sold in the United States
by order of the Secretary of the Treasury under
authority of Executive Order Numbered 9193,
dated July 6, 1942 (7 F.R. 5205, July 9, 1942).
(b) Creation of Czechoslovakian Claims Fund
There is created in the Treasury of the United
States a fund to be designated the Czecho-
slovakian Claims Fund, for the payment of
unsatisfied claims of nationals of the United
States against Czechoslovakia as authorized in
this subchapter.
(c) Voluntary settlement and payment of claims
of nationals of the United States
If, within one year following August 8, 1958,
the Government of Czechoslovakia voluntarily
settles with and pays to the Government of the
United States a sum in payment of claims of
United States nationals against Czechoslovakia,
all moneys held pursuant to subsection (a) of
this section shall be disposed of in accordance
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 1642a
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