Make Russia Pay Act

1/18/2024, 6:03 AM

Make Russia Pay Act

This bill requires the Department of the Treasury to liquidate all Russian assets seized by the United States and deposit the resulting funds into a Ukrainian Humanitarian Aid Fund established by the bill. Treasury may use the funds to provide assistance to Ukraine, including by providing funding to Ukraine's government for humanitarian and security assistance.

Congress
118
Number
HR - 892
Introduced on
2023-02-09
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/9/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Make Russia Pay Act

This bill requires the Department of the Treasury to liquidate all Russian assets seized by the United States and deposit the resulting funds into a Ukrainian Humanitarian Aid Fund established by the bill. Treasury may use the funds to provide assistance to Ukraine, including by providing funding to Ukraine's government for humanitarian and security assistance.

Alternative Names
Official Title as IntroducedTo transfer seized Russian assets to a Ukrainian Humanitarian Aid Fund and to authorize the Secretary of the Treasury to use amounts in the Fund for humanitarian assistance for Ukraine, and for other purposes.
Policy Areas
International Affairs

Comments

Recent Activity

Latest Summary4/21/2023

Make Russia Pay Act

This bill requires the Department of the Treasury to liquidate all Russian assets seized by the United States and deposit the resulting funds into a Ukrainian Humanitarian Aid Fund established by the bi...

Latest Action2/9/2023
Referred to the House Committee on Foreign Affairs.