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Main Subject: International Affairs

Asset Seizure for Ukraine Reconstruction Act This bill authorizes the President to, subject to certain conditions, seize assets belonging to a foreign person whose wealth is derived in part through political support for or corruption linked to Russian President Vladimir Putin. Specifically, for two years starting from this bill's enactment, the President may seize such assets if (1) Russia remains engaged in a conflict of territorial conquest in Ukraine; (2) the President has imposed sanctions on the owner of the assets for reasons related to corruption, human rights violations, malign influence, or conflicts in Ukraine; and (3) the assets are valued at over $5 million. Such seized assets may be liquidated, and the resulting funds may only be used for specified purposes, including (1) the post-conflict reconstruction of Ukraine, (2) humanitarian assistance and refugee support for the Ukrainian people, (3) weapons for Ukraine's uniformed military forces, and (4) humanitarian and development assistance for the Russian people.

Categories

Computer security and identity theft Conflicts and wars Diplomacy, foreign officials, Americans abroad Europe Foreign aid and international relief Foreign property Government ethics and transparency, public corruption Human rights Internet, web applications, social media Military assistance, sales, and agreements Military operations and strategy News media and reporting Presidents and presidential powers, Vice Presidents Reconstruction and stabilization Refugees, asylum, displaced persons Russia Sanctions Sovereignty, recognition, national governance and status Subversive activities Diplomacy foreign officials Americans abroad Government ethics and transparency public corruption Internet web applications social media Military assistance sales and agreements Presidents and presidential powers Vice Presidents Refugees asylum displaced persons Sovereignty recognition national governance and status International Affairs

Senate Actions

IntroReferral
Apr. 28 2022	Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

House floor actions Actions

Floor

Apr. 27
2022

Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 8 (Roll no. 130). (text: CR H4530-4531)
Considered as unfinished business. (consideration: CR H4554-4555)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on H.R. 6930.
Considered under suspension of the rules. (consideration: CR H4530-4532)
Mr. Phillips moved to suspend the rules and pass the bill, as amended.

IntroReferral
Mar. 03 2022	Referred to the House Committee on Foreign Affairs.

Library of Congress Actions

Floor
Apr. 27 2022	Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 8 (Roll no. 130).

IntroReferral
Mar. 03 2022	Introduced in House Introduced in House

House committee actions Actions

Committee
Apr. 05 2022	Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote. Committee Consideration and Mark-up Session Held.

House bill HR6930-117

Asset Seizure for Ukraine Reconstruction Act

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