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. In exchange, holders of these policies or their heirs were permitted to submit claims to the International Commission for Holocaust Era Insurance Claims, which would investigate them and seek payment from insurance companies on behalf of the claimants.
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 the lawsuits would disrupt negotiations with Germany to pay out millions of dollars in compensation to Holocaust survivors.
See also: companion measure S. 4033 of 12/15/10 and related measure H.R. 6347 of 9/29/10.