H.R. 1746 would require disclosure of Holocaust-era policies by insurers and establish a federal cause of action for claims arising out of a covered policy.
Detailed Summary
Holocaust Insurance Accountability Act of 2007 - Amends federal law governing the National Archives and Records Administration to direct the Archivist of the United States to: (1) establish a collection of records known as the Holocaust Insurance Registry, consisting of specified information provided under the Holocaust Victims Insurance Relief Act of 2007; and (2) make it accessible to the public.
Requires the Secretary of State to seek agreements with European countries to make information on covered policies available to the Registry.
Requires: (1) insurers to file certain disclosures of Holocaust-Era policies with the Secretary of Commerce; and (2) the Secretary to provide them to the Archivist.
Subjects insurer noncompliance to a civil penalty.
Requires the Secretary to notify each state's commissioner of insurance of the identity of each noncompliant insurer.
States that this Act does not preempt state holocaust insurance statutes.
Establishes a federal cause of action for treble damages for any claim against insurer or related company arising out of or related to an insurance policy: (1) in effect at any time between January 30, 1933, and December 31, 1945; and (2) issued to a policyholder domiciled in any area that was occupied or controlled by Nazi Germany or by any ally or sympathizer of Nazi Germany.
Status of the Legislation
Latest Major Action: 6/25/2008: House committee/subcommittee actions. Status: Ordered to be Reported (Amended) by Voice Vote.
Points in Favor
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Points Against
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Visitor Comments
David W.
I guess the Holocaust shakedown just never ends, does it? Will the Palestinians ever be allowed to sue the Jews for damages?