DENVER (Aug. 23)
President Eisenhower today signed into law a bill which transfers up to $3,000,000 in confiscated alien property to Jewish charitable institutions. The bill was supported by the American Jewish committee, American Jewish Congress, and the Joint Distribution Committee.
The assets from the property will be used for the resettlement and rehabilitation in the United States of persons abroad. The law authorizes the President to select the organizations which will administer the funds, which represent the property of person who were exterminated, along with their heirs, by fascist regimes.