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Make Putin Pay Act

12/15/2023, 4:02 PM

Summary of Bill HR 5925

Bill 118 hr 5925, also known as the Make Putin Pay Act, is a piece of legislation introduced in the US Congress with the aim of holding Russian President Vladimir Putin accountable for his actions. The bill seeks to impose sanctions on Putin and other Russian officials for their involvement in various acts of aggression and human rights abuses.

Specifically, the Make Putin Pay Act targets Putin and his associates for their role in the annexation of Crimea, the invasion of Ukraine, and the interference in the 2016 US presidential election. The bill also aims to punish Putin for his support of the Assad regime in Syria and his crackdown on political dissent within Russia.

If passed, the Make Putin Pay Act would authorize the US government to freeze the assets of Putin and his associates, ban them from entering the United States, and impose other economic sanctions on Russia. The bill is seen as a way to send a strong message to Putin and his regime that their actions will not go unpunished. Overall, the Make Putin Pay Act is a bipartisan effort to hold Putin accountable for his actions and to deter future aggression from Russia. It is currently being debated in Congress and has garnered support from both Democrats and Republicans who are concerned about Putin's actions on the global stage.

Congressional Summary of HR 5925

Make Putin Pay Act

This bill authorizes the Department of the Treasury to seize and confiscate assets subject to the jurisdiction of the United States that are (1) blocked due to the imposition of sanctions on persons linked to Russian President Putin, or (2) Russian sovereign assets or owned by the Russian central bank. Proceeds from the sale of seized or confiscated assets will be made available to reimburse the United States for expenses related to the Russia-Ukraine conflict.

Treasury must periodically report to Congress on the amount of proceeds obtained from the sale of seized and confiscated assets.

Current Status of Bill HR 5925

Bill HR 5925 is currently in the status of Introduced to House since October 25, 2023. Bill HR 5925 was introduced during Congress 118 and was introduced to the House on October 11, 2023.  Bill HR 5925's most recent activity was Referred to the House Committee on Foreign Affairs. as of October 25, 2023

Bipartisan Support of Bill HR 5925

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5925

Primary Policy Focus

International Affairs

Alternate Title(s) of Bill HR 5925

Make Putin Pay Act
Make Putin Pay Act
To authorize the seizure of the property of certain sanctioned individuals for purposes of covering expenses relating to the Ukraine-Russia conflict, and for other purposes.

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