A bill to authorize the confiscation of assets of the Russian Federation and the use of such assets to offset costs to the United States of assistance to Ukraine.

3/14/2024, 12:59 PM

This bill requires the President to seize Russian government funds that are subject to U.S. jurisdiction. The confiscated funds must be deposited in the Treasury to offset the costs of FY2023 emergency supplemental appropriations that were provided for assistance in Ukraine.

Congress
118
Number
S - 536
Introduced on
2023-02-27
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/27/2023
Text
PDF
XML

Status of Legislation

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

Purpose and Summary

This bill requires the President to seize Russian government funds that are subject to U.S. jurisdiction. The confiscated funds must be deposited in the Treasury to offset the costs of FY2023 emergency supplemental appropriations that were provided for assistance in Ukraine.

Alternative Names
Official Title as IntroducedA bill to authorize the confiscation of assets of the Russian Federation and the use of such assets to offset costs to the United States of assistance to Ukraine.
Policy Areas
International Affairs

Comments

Recent Activity

Latest Summary7/26/2023

This bill requires the President to seize Russian government funds that are subject to U.S. jurisdiction. The confiscated funds must be deposited in the Treasury to offset the costs of FY2023 emergency supplemental appropriations that were provid...

Latest Action2/27/2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.