Organizations that assist Holocaust survivors would share up to $25 million under a bill the House sent President Clinton on Tuesday. The measure, approved by voice vote, also authorizes an additional $5 million for archival research to help with the restitution of assets that were looted or extorted from Holocaust victims. House sponsor Rep. James Leach, R-Iowa, above, said the measure seeks to provide some “material redress” for the inadequate restitution of assets belonging to Holocaust victims that were seized by the U.S. government during World War II.
sponsored Jargon is confusing, by definition. And the financial world has its own set of cryptic words.