terest shall be computed daily to the date of the cer-
tification of the claim under paragraph (1), and
shall be compounded annually.
(4) COORDINATION WITH THE UNITED NATIONS
COMPENSATION COMMISSION.—
(A) 
NONCERTIFICATION
OF
PAID
CLAIMS.—The Commission shall not certify any
claim under this section to the extent that such
claim has been paid by the United Nations
Compensation Commission.
(B) NOTIFICATION
OF
UNITED
NATIONS
CLAIMANTS.—Not later than 60 days after the
date of the enactment of this Act, the Secretary
of State shall notify each United Nations claim-
ant of the provisions of this section.
(C) NOTIFICATION
OF
UNITED
NATIONS
COMPENSATION COMMISSION REGARDING SATIS-
FIED
CLAIMS.—The Secretary of State shall
promptly notify the United Nations Compensa-
tion Commission of any amount paid under
subsection (c) to a United Nations claimant and
shall suggest that the United Nations Com-
pensation Commission reduce any eventual pay-
ment to such claimant accordingly.
(e) 
DETERMINATION
AND
CERTIFICATION
OF
UNITED STATES GOVERNMENT CLAIMS.—The President
of the United States shall determine the validity and
amount of each Government claim, and shall certify the
amount of any such valid claims to the Secretary of the
Treasury.
(f) DEDUCTION FOR ADMINISTRATIVE EXPENSES.—
In order to reimburse the United States Government for
its expenses in administering this Act, the Secretary of
the Treasury, before making any payment under sub-
section (c), shall deduct from the Fund an amount equal
to 1.5 percent of any amounts transferred to the Fund.
The Secretary of the Treasury shall deposit as miscella-
neous receipts in the Treasury of the United States any
amounts deducted from the Fund under this subsection.
(g) UNSATISFIED
CLAIMS.—Any payment made
under this section shall not extinguish the unsatisfied por-
tion of any claim, or be construed to have divested any
claimant, including the United States, of any rights
against the Government of Iraq with respect to the
unsatisfied portion of any claim.
(h) DEFINITIONS.—In this section:
(1) The term ‘‘corporate claim’’ means a claim
by any corporation, partnership, association, or
other legal entity organized under the laws of the
United States, any State, the District of Columbia,
or any commonwealth, territory, or possession of the
United States against the Government of Iraq for
injuries, losses, or other damages suffered as a re-
sult of the invasion and occupation of Kuwait by
Iraq in 1990.
(2) The term ‘‘Government claim’’ means a
claim by the Government of the United States
against the Government of Iraq for injuries, losses,
or other damages suffered as a result of the invasion
and occupation of Kuwait by Iraq in 1990.
(3) The term ‘‘Government of Iraq’’ includes
agencies and instrumentalities of, and entities (in-
cluding public sector enterprises) controlled by, such
government.
(4) The term ‘‘individual claim’’ means a claim
by any citizen or national of the United States
against the Government of Iraq for injuries, losses,
or other damages suffered as a result of the invasion
and occupation of Kuwait by Iraq in 1990.
(5) The term ‘‘United Nations claimant’’
means—
(A) any citizen or national of the United
States with a claim pending before the United
Nations Compensation Commission; or
(B) any corporation, partnership, associa-
tion, or other legal entity, organized under the
laws of the United States, any State, the Dis-
trict of Columbia, or any commonwealth, terri-
tory, or possession of the United States, with a
claim pending before the United Nations Com-
pensation Commission.
SEC. 4. CONSTITUTIONAL AUTHORITY.
The authority on which this Act rests is the power
of Congress to make all laws which are necessary and
proper for carrying into execution the powers vested by
the Constitution in the Government of the United States,
or in any Department or officer thereof, as enumerated
in section 8 of article I of the United States Constitution.
Æ