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A bill to expand the categories of forfeited property available to remediate harms to Ukraine from Russian aggression, and for other purposes.

6/4/2024, 10:56 AM

Summary of Bill S 4438

Bill 118 s 4438, also known as the "Ukraine Aggression Remediation Act," aims to provide additional support to Ukraine in response to Russian aggression. The bill seeks to expand the categories of forfeited property that can be used to help Ukraine recover from the damages caused by Russian actions.

Specifically, the bill allows for the forfeiture of assets belonging to individuals or entities that have been involved in activities that have harmed Ukraine. These forfeited assets can then be used to provide financial assistance to Ukraine for various purposes, such as rebuilding infrastructure, supporting displaced persons, and strengthening their defense capabilities.

In addition to providing financial support, the bill also includes provisions for increased sanctions against Russia and individuals or entities that continue to engage in aggressive actions against Ukraine. These sanctions are intended to deter further aggression and hold those responsible accountable for their actions. Overall, the Ukraine Aggression Remediation Act aims to bolster Ukraine's ability to recover from the impacts of Russian aggression and to send a strong message that the United States stands in solidarity with Ukraine in the face of ongoing threats.

Current Status of Bill S 4438

Bill S 4438 is currently in the status of Bill Introduced since June 3, 2024. Bill S 4438 was introduced during Congress 118 and was introduced to the Senate on June 3, 2024.  Bill S 4438's most recent activity was Read twice and referred to the Committee on Foreign Relations. as of June 3, 2024

Bipartisan Support of Bill S 4438

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4438

Primary Policy Focus

Alternate Title(s) of Bill S 4438

A bill to expand the categories of forfeited property available to remediate harms to Ukraine from Russian aggression, and for other purposes.
A bill to expand the categories of forfeited property available to remediate harms to Ukraine from Russian aggression, and for other purposes.

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