← Back to Bills
H.R. 9795House119th Congress (2025-2027)In Committee

Never Forget the Victims of Terrorism: Joseph D. Mistrulli and Alan Kleinberg USVSST Fund Solvency Act

Sponsored by Laura GillenRep. Laura Gillen (D-NY)
Introduced July 21, 2026

AI-Generated Summary

Updated August 4, 2026 at 6:41 AM UTC

The bill expands the borrowing authority for the United States Victims of State‑Sponsored Terrorism Fund. It requires the Treasury to loan $3 billion to the fund each year for fiscal years 2027‑2029, and makes those loans part of the fund’s mandatory annual payment. The borrowed money must be repaid from fines and penalties related to state‑sponsored terrorism, and the authority expires in September 2029.

Key Provisions

  • For fiscal years 2027, 2028, and 2029, the Secretary of the Treasury must loan $3 billion to the Victims of State‑Sponsored Terrorism Fund within 30 days of the fiscal year start.
  • The borrowed amount is included in the fund’s required annual payment and cannot be set aside or carried forward for other uses.
  • The loan is provided without a new appropriation, bears interest set by the Treasury based on market yields, and must be repaid from criminal and civil fines, penalties, and forfeitures tied to state sponsors of terrorism.
  • The borrowing authority is treated as direct spending, not a new appropriation, and expires on September 30, 2029, though any loans made before that date remain available until spent.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on the Judiciary.

Judiciary Committee

July 21, 2026

View full timeline
HouseIntro Referral

Introduced in House

July 21, 2026

HouseIntro Referral

Referred to the House Committee on the Judiciary.

Judiciary Committee

July 21, 2026

Bill Text

Latest available legislative text

Reading Mode
Latest
Raw Text PDF XML
Introduced in HouseIssued July 21, 2026

I

119th CONGRESS

2d Session

H. R. 9795

IN THE HOUSE OF REPRESENTATIVES

July 21, 2026

Ms. Gillen (for herself and Ms. Malliotakis) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

To expand the temporary borrowing authority and mandatory distribution for the United States Victims of State Sponsored Terrorism Fund.

1.

Short title

This Act may be cited as the Never Forget the Victims of Terrorism: Joseph D. Mistrulli and Alan Kleinberg USVSST Fund Solvency Act.

2.

Temporary borrowing authority and mandatory distribution for the United States Victims of State Sponsored Terrorism Fund

Section 404 of the Justice for United States Victims of State Sponsored Terrorism Act (34 U.S.C. 20144) is amended by adding at the end the following:

(l)

Temporary Borrowing and Mandatory Distribution Authority

(1)

Mandatory Annual Borrowing

For each of fiscal years 2027, 2028, and 2029, the Secretary of the Treasury shall loan to the Fund $3,000,000,000, which shall be deposited into the Fund not later than 30 days after the beginning of each such fiscal year.

(2)

Mandatory Inclusion in Annual Payment

(A)

Inclusion

The full amount borrowed under paragraph (1) for each fiscal year shall be included in the annual payment required under subsection (d) and shall be distributed as part of that annual payment.

(B)

Limitation

Amounts borrowed under this subsection shall not be reserved, retained, or carried forward for any payment other than the annual payment required under subsection (d).

(3)

Terms of borrowing

Amounts borrowed under this subsection—

(A)

shall be available without further appropriation;

(B)

shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the average market yield on outstanding Treasury obligations of comparable maturity; and

(C)

upon the termination of the Fund, the amounts borrowed under this subsection, including interest, shall be repaid solely from criminal and civil fines, penalties, and forfeitures involving a state sponsor of terrorism that, after such expiration, are directed to the Secretary of the Treasury for the purpose of such repayment.

(4)

Budgetary treatment

Amounts borrowed under this subsection shall be treated as direct spending authority and shall not be scored as new appropriations.

(5)

Sunset

The authority provided under this subsection shall expire on September 30, 2029, except that amounts borrowed before that date shall remain available until expended and shall remain subject to repayment under paragraph (3)(C).

.