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Swiss Introduce Bank Legislation

A draft bill that would allow for an expanded Swiss government probe of Holocaust-era Jewish bank accounts has been introduced into Parliament there.

The move comes as a six-member commission set up by the World Jewish Restitution Organization, the World Jewish Congress and the Swiss Bankers Association is seeking to determine the whereabouts of money deposited in Switzerland by Jews during the World War II era.

The commission had called on the government to take part in the investigation.

The commission, which last week named U.S. Federal Reserve Board Chairman Paul Volcker as its head, is also seeking to uncover looted Jewish assets that were deposited into Nazi accounts.

Legislators may debate the draft of the bill as early as next month.

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