Would allow Holocaust survivors and their heirs to sue insurance companies for unpaid Holocaust-era policies, regardless of any executive agreement entered by the U.S. and a foreign country. The U.S. signed two such agreements with Germany and Austria which prohibited these lawsuits from being heard in U.S. courts, but led to $300 m. in insurance payments to survivors and their heirs.
This bill was opposed by several Jewish groups including the Anti-Defamation League, American Jewish Committee, and the World Jewish Congress, because of fears that allowing lawsuits would disrupt negotiations with Germany to pay out millions of dollars in further compensation to Holocaust survivors.
See also: companion measure S. 466 of 3/2/11
More on assistance for Holocaust survivors: H.R. 1193 of 3/17/11 and S. 634 both of 3/17/11, H.R. 2786 of 8/1/11