A bill to amend the International Claims Settlement Act of 1949 to provide that the value of claims be based on the fair market value of the property taken.
Public Law 99-451 · H.R. 5506 · 99th Congress · began in the House
Signed by Ronald Reagan (R) on Oct 8, 1986 · Law
Sponsor: Rep. Don Bonker (D-WA-3)
Cosponsors (2): Rep. Toby Roth, Rep. Daniel Mica
Passage votes
- HouseVoice vote
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Amends the International Claims Settlement Act of 1949 to require the Foreign Claims Settlement Commission of the United States, in determining the value of a claim under international law, to award the fair market value of the property seized by a foreign government. Sets forth the method of determining fair market value.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 9 actions.
- Oct 8, 1986Became lawBecame law · Became Public Law No: 99-451.
- Became lawBecame law · Signed by President.
- Oct 1, 1986PresidentPresident · Presented to President.
- Sep 24, 1986FloorFloor · Received in the Senate, read twice, considered, read the third time, and passed without amendment by Voice Vote.
- Sep 22, 1986FloorFloor · Passed House by Voice Vote.
- Sep 18, 1986CommitteeCommittee · Reported by House Foreign Affairs Committee
- Sep 16, 1986CommitteeCommittee · Markup by House Foreign Affairs Committee
- Sep 11, 1986CommitteeCommittee · Referred to House Foreign Affairs Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.