A bill to provide for payment by the Government of Iran of the claims for damages resulting from the personal injuries suffered by the United States citizens held in the United States embassy in Tehran, and by their families.

Directs the Foreign Claims Settlement Commission to determine the validity and amounts of claims against Iran by U.S. citizens held as hostages in the U.S. Embassy in Tehran, and their families, for personal injuries and punitive damages. Requires the Commission to certify: (1) the amount of damages to the individual claimants and to the Secretary of State; and (2) the amount of each award to the Secretary of the Treasury.

Directs the Secretary of the Treasury to establish a special fund for the payment of such awards into which shall be paid: (1) payments by Iran to satisfy such claims; and (2) amounts realized from Iranian assets subject to control under the International Emergency Economic Powers Act. Requires the Secretary to make payments from such funds for awards not otherwise satisfied by Iran.

Directs the President to continue to prohibit transactions in at least $100,000,000 of Iranian assets subjected to controls, until all claims are fully satisfied.