(a)No property or interest therein of Germany, Japan, or any national of either such country vested in or transferred to any officer or agency of the Government at any time after December 17, 1941, pursuant to the provisions of this Act [sections
44 of this Appendix], shall be returned to former owners thereof or their successors in interest, and the United States shall not pay compensation for any such property or interest therein. The net proceeds remaining upon the completion of administration, liquidation, and disposition pursuant to the provisions of this Act [said sections] of any such property or interest therein shall be covered into the Treasury at the earliest practicable date. Nothing in this section shall be construed to repeal or otherwise affect the operation of the provisions of section 32, 40, 41, 42 or 43 of this Act [section
43 of this Appendix] or of the Philippine Property Act of 1946 [22 U.S.C. 1381 et seq.].
(b)The Attorney General shall cover into the Treasury, to the credit of miscellaneous receipts, all sums from property vested in or transferred to the Attorney General under this Act [sections
44 of this Appendix]—
(1)which the Attorney General receives after the date of the enactment of the Export Enhancement Act of 1988 [August 23, 1988], or
(2)which the Attorney General received before that date and which, as of that date, the Attorney General had not covered into the Treasury for deposit in the War Claims Fund, other than any such sums which the Attorney General determines in his or her discretion are the subject matter of any judicial action or proceeding.
(c)Notwithstanding any of the provisions of subsections (a) and (b) of this section, the Attorney General is authorized to pay from property vested in or transferred to the Attorney General under this Act [sections
44 of this Appendix], the sum of $20,000 as an ex gratia payment to the Government of Switzerland in accordance with the terms of the agreement entered into by that Government and the Government of the United States on March 12, 1980.
The Philippine Property Act of 1946, referred to in subsec. (a), is act July 3, 1946, ch. 536, 60 Stat. 418, as amended, which is classified generally to subchapter V (§ 1381 et seq.) of chapter
15 of Title
22, Foreign Relations and Intercourse. For complete classification of this Act to the Code, see Short Title note set out under section
1381 of Title
22 and Tables.
1988—Subsecs. (b) to (f). Pub. L. 100–418substituted subsec. (b) for former subsecs. (b) to (e), redesignatedsubsec. (f) as (c), and substituted “and (b)” for “through (d)”.
1953—Act Aug. 7, 1953, designated existing provisions as subsec. (a) and added subsec. (b).
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The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
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