The Knesset Ministerial Committee for Legislation approved on Sunday an increase to aid money for Holocaust survivors.
The amendment to the Restitution of Holocaust Victims' Assets Law increases aid funding to Holocaust survivors from NIS 100 million to NIS 135 million annually.
The amendment shortens the Holocaust Restitution Company's period of operations, so that it would end at the end of 2017 instead of the end of 2021.
Any assets the company has left unclaimed by the end of 2017 will be used for further aid to Holocaust survivors that need it.
"You cannot over estimate the important of locating assets belonging to Holocaust victims and transferring them to their heirs, but at the same time we have an obligation to do whatever we can to aid survivors living amongst us," said Justice Minister Tzipi Livni, who proposed the amendment.