Gulf War Veterans' and Other Iraqi Claims Protection Act of 2002

This bill would allow U.S. citizens, particularly military veterans, to seek financial compensation from the Iraqi government for injuries or losses suffered during the Gulf War era. It specifically prioritizes claims from service members harmed during the 1990 invasion of Kuwait and the 1987 attack on the USS Stark.

To fund these payments, the legislation authorizes the U.S. government to seize and sell Iraqi state assets that were frozen in American banks. If passed, the bill would create a formal legal process for individuals to have their claims verified and paid out through a dedicated Treasury Department fund.