percentage of compensatory damages to be 
awarded other eligible applicants from the 
Fund. 
(d) ADDITIONAL PAYMENTS.—On January 1 of the 
second calendar year that begins after the date of the ini-
tial payments described in subsection (a) if funds are 
available in the Fund, the Special Master shall authorize 
additional payments on a pro rata basis to those claimants 
with eligible claims under section 203(b)(1) and shall au-
thorize additional payments for eligible claims annually 
thereafter if funds are available in the Fund. 
(e) SUBROGATION AND RETENTION OF RIGHTS.— 
(1) UNITED
STATES
SUBROGATED
TO
CRED-
ITOR RIGHTS TO THE EXTENT OF PAYMENT.—The 
United States shall be subrogated to the rights of 
any person who applies for and receives payments 
under this title, but only to the extent and in the 
amount of such payments made under this title. The 
President shall pursue these subrogated rights as 
claims or offsets of the United States in appropriate 
ways, including any negotiation process that pre-
cedes the normalization of relations between the for-
eign state designated as a state sponsor of terrorism 
and the United States or the lifting of sanctions 
against such foreign state. 
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(2) RIGHTS RETAINED.—To the extent amounts 
of damages remain unpaid and outstanding under 
this section, each applicant shall retain that appli-
cant’s creditor rights in any unpaid and outstanding 
amounts of the judgment, including any prejudg-
ment or post-judgment interest, or punitive dam-
ages, awarded by the United States district court 
pursuant to a judgment. 
SEC. 205. UNITED STATES VICTIMS OF STATE SPONSORED 
TERRORISM FUND. 
(a) ESTABLISHMENT OF U.S. VICTIMS OF STATE 
SPONSORED TERRORISM FUND.—There is established in 
the Treasury a fund, to be designated as the United States 
Victims of State Sponsored Terrorism Fund. 
(b) IN GENERAL.—Beginning on the date of the en-
actment of this Act, the following shall be deposited or 
transferred into the Fund for distribution under this title: 
(1) FORFEITED
FUNDS
AND
PROPERTY.—All 
funds, and the net proceeds from the sale of prop-
erty, forfeited or paid to the United States after the 
date of enactment of this Act as a civil or criminal 
penalty or fine arising from a violation of any li-
cense, order, regulation, or prohibition issued under 
the International Emergency Economic Powers Act 
(50 U.S.C. 1701 et seq.) or the Trading with the 
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Enemy Act (50 U.S.C. App. 1 et seq.), or any re-
lated civil or criminal conspiracy, scheme, or other 
Federal offense arising from the actions of, or doing 
business with, a state sponsor of terrorism. 
(2) TRANSFER OF FORFEITED FUNDS RELATED 
TO PLEA AGREEMENT AND SETTLEMENT BETWEEN 
THE UNITED STATES AND BNP PARIBAS S.A.—All 
funds, excluding those funds transferred to the 9/11 
Fund by title I of this Act, paid to the United States 
Government by BNP Paribas S.A. (BNPP) as part 
of, or related to, a plea agreement dated June 27, 
2014, entered into between the United States De-
partment of Justice and BNPP, and subject to a 
consent order entered by the United States District 
Court for the Southern District of New York on 
May 1, 2015, in United States v. BNPP, No. 14 Cr. 
460 (SDNY) to settle charges against BNPP for 
conspiracy to commit an offense against the United 
States in violation of section 371 of title 18, United 
States Code, by conspiring to violate the Inter-
national Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.), and the Trading with the 
Enemy Act (50 U.S.C. App. 1 et seq.). 
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(3) TRANSFER
INTO
FUND
OF
CERTAIN
AS-
SIGNED ASSETS OF IRAN AND ELECTION TO PARTICI-
PATE IN FUND.— 
(A) DEPOSIT
INTO
FUND
OF
ASSIGNED 
PROCEEDS
FROM
SALE
OF
PROPERTIES
AND 
RELATED
ASSETS
IDENTIFIED
IN
IN
RE
650 
FIFTH AVENUE & RELATED PROPERTIES.— 
(i) IN GENERAL.—Except as provided 
in clause (ii), if the United States receives 
a final judgment forfeiting the properties 
and related assets identified in the pro-
ceedings captioned as In Re 650 Fifth Av-
enue & Related Properties, No. 08 Civ. 
10934 (S.D.N.Y. filed Dec. 17, 2008), the 
net proceeds (not including the litigation 
expenses and sales costs incurred by the 
United States) resulting from the sale of 
such properties and related assets by the 
United States shall be deposited into the 
Fund. 
(ii) LIMITATION.—The following pro-
ceeds resulting from any sale of the prop-
erties and related assets identified in 
clause (i) shall not be transferred into the 
Fund: 
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(I) The percentage of proceeds 
attributable to any party identified as 
a Settling Judgment Creditor in the 
order dated April 16, 2014, in such 
proceedings, who does not make an 
election (described in subparagraph 
(C)) to participate in the Fund. 
(II) The percentage of proceeds 
attributable to the parties identified 
as the Hegna Judgment Creditors in 
such proceedings, unless and until a 
final judgment is entered denying the 
claims of such creditors. 
(B) DEPOSIT INTO FUND OF ASSIGNED AS-
SETS IDENTIFIED IN PETERSEN V. ISLAMIC RE-
PUBLIC OF IRAN.—If a final judgment is en-
tered in Peterson v. Islamic Republic of Iran, 
No. 10 Civ. 4518 (S.D.N.Y.), awarding the as-
sets at issue in that case to the plaintiffs, those 
assets shall be deposited into the Fund, but 
only to the extent, and in such percentage, that 
the rights, title, and interest to such assets 
were assigned through elections made pursuant 
to subparagraph (C). 
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