withstanding the duress under which the United 
States originally negotiated that agreement. 
SEC. 3. JUSTICE FOR FORMER AMERICAN HOSTAGES IN 
IRAN. 
(a) COMMON FUND FOR HOSTAGES.—Not later than 
90 days after the date of the enactment of this Act, the 
Secretary of the Treasury, in consultation with the Sec-
retary of State, shall establish a common fund to be ad-
ministered by the class representatives and agents for the 
former American hostages in Iran and their survivors (as 
identified in case number 1:08–CV–00487 (EGS) of the 
United District Court for the District of Columbia). Such 
common fund shall— 
(1) be administered to pay claims to the Ameri-
cans held hostage in Iran, and to members of their 
families, who are identified as class members in case 
number 1:08–CV–00487 (EGS) of the United States 
District Court for the District of Columbia; and 
(2) be administered for purposes of satisfying 
such claims, as approved by the class representatives 
and agents identified in that case number. 
(b) FUNDING.— 
(1) SOURCES.— 
(A) FINES AND PENALTIES.— 
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(i) IN GENERAL.—The President shall 
pay to the fund under subsection (a) an 
amount equal to 50 percent of all amounts 
collected as fines and penalties by reason 
of the application of clause (ii) on or after 
the date of enactment of this Act. The 
total amount of payments that may be 
made into the fund under this clause may 
not exceed the estimated total amount of 
payments to be made under subsection (d). 
(ii) FINES
AND
PENALTIES.—The 
maximum fines and penalties authorized to 
be imposed, in whole or in part, for viola-
tions of any conduct or activities with re-
spect to any government or person by rea-
son of their connection with or sponsorship 
by Iran are hereby increased by 100 per-
cent. 
(B) SEIZED
OR
FROZEN
ASSETS.—The 
President is authorized to pay to the fund 
under subsection (a)— 
(i) any funds or property in which 
Iran has an interest, and 
(ii) any funds or property in which 
any person or entity subject to any law 
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providing for sanctions against Iran by 
reason of such person’s or entity’s relation-
ship to or connection with Iran has an in-
terest, 
held by the United States (including in the 
form of a trust) or subject to any prohibition or 
regulation with respect to any financial trans-
actions in connection therewith. The President 
is authorized to vest and liquidate any property 
identified in this subparagraph in order to 
make payment as provided in this subpara-
graph. 
(2) TIMING OF FUNDING.—Payments of claims 
from the fund under subsection (a)— 
(A) using funds held by the United States 
or funds that become subject to prohibition or 
regulation as of the date of enactment of this 
Act shall be made not later than 60 days of the 
date of enactment of this Act; and 
(B) using funds which come into the pos-
session of the United States or funds that be-
come subject to prohibition or regulation after 
the date of enactment of this Act shall be paid 
not later than 60 days after coming into the 
possession of the United States or funds that 
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become subject to prohibition or regulation, as 
the case may be. 
(3) SATISFACTION
OF
CLAIMS.—Payments to 
the fund under subsection (a) shall be made until 
the amounts described in subsection (d) are satisfied 
in full. If the President determines that the amounts 
can be fully satisfied within 1 year after the date of 
enactment of this Act from funds other than those 
held by the United States as trustee, the President 
may defer payment of funds held by the United 
States as trustee until one year after such date of 
enactment, but shall ensure during such 1-year pe-
riod of deferral that any such funds held by the 
United States as trustee shall not be disbursed, 
transferred or otherwise constrained for payment as 
otherwise may be required under this Act. 
(c) DISTRIBUTION OF FUNDS.— 
(1) IN
GENERAL.—Funds paid to the fund 
under subsection (b) shall be distributed by the class 
representatives and agents to the former American 
hostages in Iran and their survivors (as identified in 
case number 1:08–CV–00487 (EGS) of the United 
States District Court for the District of Columbia) 
in the amounts described in subsection (d). 
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(2) PRIORITY.—Subject to subsection (d), pay-
ments from funds paid to the fund under subsection 
(b) shall be distributed as follows: 
(A) First, to each living former hostage 
identified as a class member under subsection 
(a)(1). 
(B) Second, to the estate of each deceased 
former hostage identified as a class member 
under subsection (a)(1). 
(C) Third, to each spouse or child of a 
former hostage identified as a class member 
under subsection (a)(1) if the spouse or child is 
identified as a class member under subsection 
(a)(1). 
(d) AMOUNT OF PAYMENTS.—The amount of pay-
ments from funds paid to the fund under subsection (b) 
shall be distributed as follows: 
(1) For each former hostage described in sub-
section (c)(2)(A), $10,000 for each day of captivity 
of the former hostage. 
(2) For the estate of each deceased former hos-
tage described in subsection (c)(2)(B), $10,000 for 
each day of captivity of the former hostage. 
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