Settlement of accident victim litigation related to the General Motors bailout; Waiver of statute of limitations

(a) Any eligible civil action arising from the filing of an eligible complaint alleging a violation of the takings clause of amendment V to the United States Constitution is not subject to any statute of limitations. (b) The United States shall pay just compensation to an eligible claimant, consistent with amendment V to the Constitution of the United States, to resolve an eligible claim. Just compensation payments to eligible claimants shall be made pursuant to section 1304 of title 31, United States Code. (c) If a settlement agreement has not been submitted to the court presiding over an eligible complaint within 60 days after the date of enactment of this Act, the Attorney General shall submit a report to Congress describing the reasons why a settlement agreement was not reached with counsel of record to an eligible complaint.