50a U.S. Code Rule - Retention of properties or interests of Germany and Japan and their nationals; proceeds covered into Treasury; ex gratia payment to Switzerland

(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 1 to 6, 7 to 39, and 41 to 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 32, 40, 41, 42 or 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 1 to 6, 7 to 39, and 41 to 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 1 to 6, 7 to 39, and 41 to 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.

Source

(Oct. 6, 1917, ch. 106, § 39, as added July 3, 1948, ch. 826, § 12,62 Stat. 1246; amended Aug. 7, 1953, ch. 344, 67 Stat. 461; Pub. L. 85–884, Sept. 2, 1958, 72 Stat. 1708; Pub. L. 87–846, title II, §§ 202, 204 (c),Oct. 22, 1962, 76 Stat. 1113, 1115; Pub. L. 87–861, § 1,Oct. 23, 1962, 76 Stat. 1139; Pub. L. 89–619, Oct. 4, 1966, 80 Stat. 871; Pub. L. 99–93, title VIII, § 803,Aug. 16, 1985, 99 Stat. 449; Pub. L. 100–418, title II, § 2501(a),Aug. 23, 1988, 102 Stat. 1370.)
References in Text

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.
Amendments

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)”.
1985—Subsec. (f). Pub. L. 99–93added subsec. (f).
1966—Subsec. (e). Pub. L. 89–619added subsec. (e).
1962—Subsec. (a). Pub. L. 87–861provided that nothing in this section shall be construed to repeal or otherwise affect the operation of section 40, 41, 42, or 43 of this Appendix.
Subsec. (b). Pub. L. 87–846, § 204(c), required Attorney General to cover $500,000 into Treasury for deposit into War Claims Fund for payments to successor organizations receiving heirless property.
Subsec. (d). Pub. L. 87–846, § 202, added subsec. (d).
1958—Subsec. (c). Pub. L. 85–884added subsec. (c).
1953—Act Aug. 7, 1953, designated existing provisions as subsec. (a) and added subsec. (b).

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50aa USCDescription of ChangeSession YearPublic LawStatutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

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19 CFR - Customs Duties

19 CFR Part 161 - GENERAL ENFORCEMENT PROVISIONS

31 CFR - Money and Finance: Treasury

31 CFR Part 501 - REPORTING, PROCEDURES AND PENALTIES REGULATIONS

31 CFR Part 515 - CUBAN ASSETS CONTROL REGULATIONS

 

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