Victims of Terrorism Compensation Act

[AI summary unavailable — showing source text] Victims of Terrorism Compensation Act - Amends Federal provisions relating to payments to Federal employees, citizens, nationals, or resident aliens who are missing while in active Federal service as a result of hostile action taken against the United States. Directs the Secretary of the Treasury to establish a savings fund to which the pay and allowance of an individual in a captive status may be allotted. Directs that the following payments be made to individuals held in captive status (or, where appropriate, to their beneficiaries): (1) medical and health care expenses incident to the employee's captive status; (2) direct cash payments for captive status as of November 4, 1979; (3) certain benefits provided by the Soldiers' and Sailors' Relief Act of 1940; and (4) payments to the spouse or child of a captive for expenses incurred while attending an educational or training institution. Authorizes the head of an agency, in order to respond to special circumstances, to pay a captive for educational and training expenses. Directs the President to prescribe regulations under which disability or death compensation may be paid by an agency head to an employee or family member of such e…