To repeal the provision of the September 11th Victim Compensation Fund of 2001 that requires the reduction of a claimant's compensation by the amount of any collateral source compensation payments the claimant is entitled to receive, and for other purposes.

December 12, 2001

Mr. CORZINE (for himself and Mr. TORRICELLI) introduced the following bill; which was read twice and referred to the Committee on the Judiciary

To repeal the provision of the September 11th Victim Compensation Fund of 2001 that requires the reduction of a claimant's compensation by the amount of any collateral source compensation payments the claimant is entitled to receive, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `September 11th Victim Compensation Fund Fairness Act'.

SEC. 2. REPEAL OF COLLATERAL COMPENSATION PROVISION.

(a) REPEAL OF COLLATERAL COMPENSATION PROVISION- Section 405(b)(6) of the September 11th Victim Compensation Fund of 2001 (49 U.S.C. 40101 note) is hereby repealed.

(b) Application of the September 11th Victim Compensation Fund of 2001- The compensation program established under the September 11th Victim Compensation Fund of 2001 (49 U.S.C. 40101 note) shall be administered as if section 405(b)(6) of that Act had not been enacted.

SEC. 3. AMENDMENT OF COLLATERAL SOURCE DEFINITION.

Paragraph (6) of section 402 of the September 11th Victim Compensation Fund of 2001 (49 U.S.C. 40101 note) is amended by adding at the end the following: `The term `collateral source' does not include payments or other assistance received from a nonprofit organization, if such organization is described in paragraph (3) or (4) of section 501(c) of the Internal Revenue Code of 1986 and is exempt from tax under section 501(a) of such Code.'.

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