S. 2776: To amend the Justice for United States Victims of State Sponsored Terrorism Act to provide rules for payments to Havlish Settling Judgment Creditors.

The proposed bill aims to amend the existing Justice for United States Victims of State Sponsored Terrorism Act to specifically address the distribution of payments to a group referred to as Havlish Settling Judgment Creditors. Here are the main points of the bill:

1. Definition of Havlish Settling Judgment Creditors

The bill defines "Havlish Settling Judgment Creditors" as plaintiffs or their estates that have claims pertaining to the September 11, 2001 terrorist attacks. Specifically, these are individuals or entities identified in a previous court order related to properties associated with the attacks.

2. Modification of Distribution Rules

The bill makes several key changes to how funds are distributed to these creditors:

• The current rules regarding distribution of funds do not apply to Havlish Settling Judgment Creditors who have previously participated in a specific fund or have applied for conditional payments.
• All funds that were allocated but withheld from distribution because of prior rules shall be released and paid to these creditors.
• Havlish Settling Judgment Creditors will continue to be eligible for future payments, similar to other claimants, regardless of past applications for conditional payments.

3. Effective Date

The changes outlined in this bill would take effect as if they were enacted on December 29, 2022, meaning that they would apply retroactively to any claims or situations that occurred on or after that date.

4. Legal Context

The bill is introduced as a way to streamline and clarify the process for certain claimants who have been affected by the 9/11 attacks, ensuring they have access to funds that may have been previously withheld under the older rules.

5. Importance of the Legislation

This amendment could provide significant relief to those identified as Havlish Settling Judgment Creditors by ensuring they receive their allocated payments without unnecessary delays or restrictions.

Relevant Companies

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