A bill to amend the International Claims Settlement Act of 1949, as amended, to provide for the timely determination of certain claims of American nationals settled by the United States-Hungarian Claims Agreement of March 6, 1973, and for other purposes.

[AI summary unavailable — showing source text] Requires the Secretary of the Treasury to cover into the Hungarian Claims Fund such sums as may be paid to the United States by the Government of Hungary pursuant to the terms of any claims settlement agreement between the Government of the United States and the Government of that country. Provides that the Foreign Claims Settlement Commission shall determine the validity and amounts of claims of nationals of the United States against the Government of Hungary arising out of the failure to pay effective compensation for the nationalization, compulsory liquidation, or other taking of property of nationals of the United States in Hungary, between August 9, 1955, and the effective date of the claims agreement between the Governments of Hungary and the United States. Provides for suspensions of payment of other types of claims until payment for such failures is made. Authorizes the Secretary of the Treasury to deduct the sum of $125,000 from the Hungarian Claims Fund and cover such amount into the Treasury to the credit of miscellaneous receipts in satisfaction of the claim of the United States referred to the agreement of March 6, 1973.…