History
The FCSC was established in 1954 (Reorganization Plan No. 1 (5 U.S.C. App.)), when it assumed the functions of two predecessor agencies: the War Claims Commission and the International Claims Commission. The FCSC and its predecessor agencies have successfully completed 43 claims programs to resolve claims against various countries including the Federal Republic of Germany, Iran, Yugoslavia, Bulgaria, Romania, Hungary, the Soviet Union, Czechoslovakia, Poland, Italy, Cuba, China, East Germany, Vietnam, Ethiopia, Egypt, Panama, and Albania. In all, more than 660,000 claims have been adjudicated, with awards totaling in the billions of dollars.
Read more about this topic: Foreign Claims Settlement Commission
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