US HB3008

Creates a new federal private cause of action allowing beneficiaries of Holocaust-era insurance policies to sue insurers in U.S. courts to recover unpaid proceeds, with a 10-year statute of limitations from enactment

Covers life, dowry, education, annuity, and property insurance policies in effect between January 31, 1933 and December 31, 1945, issued to policyholders in Nazi-occupied territories or Switzerland

Overrides the Supreme Court's 2003 American Insurance Association v. Garamendi decision by allowing state disclosure laws to be enforced and preventing executive branch foreign policy from preempting Holocaust insurance claims

Awards prevailing claimants policy proceeds plus 6% annual compound prejudgment interest, reasonable attorney's fees, and treble damages if the insurer acted in bad faith

Invalidates prior court judgments and settlement agreements that dismissed claims based on federal preemption, though settlements where claimants received actual policy payments from the International Commission on Holocaust Era Insurance Claims remain enforceable