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The American Victims of Terrorism Compensation Act amends the Justice for United States Victims of State Sponsored Terrorism Act to increase funding for U.S. victims of state-sponsored terrorism. The bill directs deposits into the compensation fund from criminal and civil penalties related to state sponsors of terrorism, including $898.6 million from the Binance Holdings Limited settlement and 50 percent of excess balances from Department of Justice and Treasury forfeiture funds. It establishes annual pro rata distributions to eligible claimants beginning January 1, 2025, and requires annual reporting to Congress on fund activity and administration.
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