Full text and guidelines for the Victims of Terrorism Relief Act of 2001, IRC 5891 (STRUCTURED SETTLEMENT FACTORING TRANSACTIONS.)
The Washington Victims of Terrorism Relief Act of 2001 is a legislation aimed at providing support and assistance to individuals affected by acts of terrorism in the state of Washington. Enacted in response to the tragic events of September 11, 2001, this act was specifically designed to ensure that victims and their families receive necessary financial aid, medical care, and other resources during their recovery and healing process. Under this act, there are two primary types of relief programs established: the Washington Victims of Terrorism Compensation Program and the Washington Victims of Terrorism Emergency Fund. The Washington Victims of Terrorism Compensation Program is devoted to providing financial compensation to eligible victims who have suffered physical injury or death as a direct result of an act of terrorism that occurred on or after September 11, 2001. The program covers medical expenses, funeral costs, loss of income, and other related expenses incurred due to the terrorist attack. Compensation amounts are determined based on the severity of the injuries, economic losses, and emotional distress experienced by the victim and their family. The Washington Victims of Terrorism Emergency Fund, on the other hand, focuses on providing immediate financial assistance to victims of terrorist acts, helping them access emergency resources as quickly as possible. The fund is intended to support victims with emergency medical needs, temporary housing, transportation, and other necessary services during times of crisis. To qualify for assistance under either program, applicants must meet specific criteria set forth by the act. Those eligible may include individuals who were physically present and injured in Washington during a terrorist attack, dependent family members of deceased victims, or those who suffered substantial emotional distress or loss of income due to their direct involvement or proximity to the terrorist event. Overall, the Washington Victims of Terrorism Relief Act of 2001 is a comprehensive legislative framework aimed at providing crucial support, financial aid, and resources to individuals and families affected by acts of terrorism in Washington. It acknowledges the immense impact of such events and seeks to alleviate the burden of victims, promoting their recovery, and instilling a sense of security within the community affected.
