[Congressional Record Volume 149, Number 32 (Thursday, February 27, 2003)]
[Extensions of Remarks]
[Page E302]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     THE TERRORISTS LIQUIDATION ACT

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                             HON. DAVE CAMP

                              of michigan

                    in the house of representatives

                      Wednesday, February 26, 2003

  Mr. CAMP. Mr. Speaker, The September 11th Victims' Compensation Fund 
was created under ``The Aviation and Transportation Security Act'' 
(P.L. 107-71). This unprecedented move will ensure that every citizen 
injured in the terrorist attacks at the World Trade Center and the 
Pentagon or their surviving family members will receive at least $1.6 
million in compensation.
  It is estimated that this Compensation Fund could cost up to $6 
billion of taxpayer money. While I fully support this initiative to 
help the families of those harmed or killed in the vicious attacks, I 
believe that we should minimize the cost to the taxpayer. That is why I 
am introducing the Terrorist Assets Liquidation Act again for the 108th 
Congress. The bill authorizes the President to use the funds from the 
liquidated assets of frozen terrorist accounts to refund the Treasury 
Department for funds used to compensate victims of terrorism.
  Our nation has shown great and moving compassion to the victims of 
September 11th, with generous donations and support to charity groups 
providing aid and emergency assistance to victims. While it was 
important to show compassion and recognize our nation's need to help, 
we should punish those responsible, holding them accountable for their 
murderous crimes and limit their drain on our nation's taxpayer 
resources.

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