The Washington Post reported that the bill signed by President Obama will provide up to $4.4 million for the American hostages who were held in Iran for 444 days between 1979 and 1981. This will be given to the 37 surviving hostages or the estates of the 16 who have already died.
The money is expected to be provided from the $9 billion penalty French bank BNP Paribas received for violating sanctions prohibiting business with Iran, Cuba, and Sudan.
Lawyers for the hostages told the Washington Post that they expected all the survivors or estates to ultimately be paid in full.
“Iran is not paying the money, but it’s as close as you can get,” one attorney, Thomas Lankford, told the Post.
The hostages had been barred from taking legal action against Iran under the terms of the so-called Algiers Accords that led to their release in January 1981.