128 
rorist organization aligned with or affiliated 
with the Islamic Republic of Iran.’’. 
(b) Paragraph (1) of section 36(e) of the State De-
partment Basic Authorities Act of 1956 (22 U.S.C. 
2708(e)) is amended to read as follows— 
‘‘(1) MAXIMUM AMOUNT.— 
‘‘(A) No reward paid under this section 
may exceed $25,000,000, except— 
‘‘(i) as personally authorized by the 
Secretary of State if they determine that 
offer or payment of an award of a larger 
amount is necessary to combat terrorism 
or defend the Nation against terrorist acts; 
or 
‘‘(ii) if the reward is for the capture 
or information leading to the capture of 
any individual described in paragraph (15) 
of subsection (b) of this section. 
‘‘(B) Without first making such determina-
tion, the Secretary may authorize a reward of 
up to twice the amount specified in this para-
graph for the capture or information leading to 
the capture of a leader of a foreign terrorist or-
ganization.’’. 
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129 
SEC. 502. REPURPOSING FROZEN IRANIAN FUNDS FOR 
UNITED STATES VICTIMS OF STATE SPON-
SORED TERRORISM FUND. 
(1) IN GENERAL.—Not later than 90 days after 
the enactment of this Act, the President shall make 
available for the United States Victims of State 
Sponsored Terrorism Fund— 
(A) those funds transferred from the Re-
public of Korea to Qatar pursuant to the waiver 
exercised pursuant to section 1245(d)(5) of the 
National Defense Authorization Act for Fiscal 
Year 2012 and sections 1244(i) and 1247(f) of 
the Iran Freedom and Counter-Proliferation 
Act of 2012 and transmitted to Congress on 
September 11, 2023; and 
(B) any other funds held with respect to 
United States sanctions on the Islamic Republic 
of Iran that the President determines is appro-
priate to be made available to the United States 
Victims of State Sponsored Terrorism Fund. 
(2) RULE OF CONSTRUCTION.—Nothing in this 
section shall be construed as to deny payments from 
the United States Victims of State Sponsored Ter-
rorism Fund to the victims of the October 7, 2023, 
attack in Israel who file an eligible claim under sub-
section (c) of section 20144 of the Justice of United 
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130 
States Victims of State Sponsored Terrorism Act 
(34 U.S.C. 20144(c)) after the President has al-
ready made the funds described in paragraph (1) of 
this section available to the United States Victims of 
State Sponsored Terrorism Fund. 
SEC. 503. DETERMINATION REGARDING APPLICABLE IRA-
NIAN FINANCIAL INSTITUTIONS UNDER EX-
ECUTIVE ORDER 13902. 
(1) DETERMINATION
REQUIRED.—Not later 
than 90 days after the enactment of this Act, and 
every 180 days thereafter, the Secretary of the 
Treasury shall, in consultation with the Secretary of 
State, determine whether any Iranian financial insti-
tution to which the applicable sanctions under Exec-
utive Order 13902 have not already been applied 
qualifies for such sanctions. 
(2) SANCTIONS
REQUIRED.—Should the Sec-
retary of the Treasury determine that any institu-
tion qualifies for the applicable sanctions in Execu-
tive Order 13902, then the Secretary shall impose 
the applicable sanctions described in the order on 
the qualifying institution. 
Æ 
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