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)..