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Main Subject: International Affairs

Asset Seizure for Ukraine Reconstruction Act

This bill authorizes the President to confiscate the property of certain foreign persons (i.e., individuals or entities) that derive wealth through political support for or corruption linked to Russian President Vladimir Putin. The President may also liquidate the confiscated property and use the resulting funds to provide assistance to Ukraine.

Specifically, upon a declaration of a national emergency relating to Russia's invasion of Ukraine, the President may confiscate the property of such a person if (1) the property is valued at more than $2 million; and (2) the person is subject to U.S. sanctions relating to corruption, human rights violations, Russia's malign influence, or conflicts in Ukraine.

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 Licensing and registrations Military assistance, sales, and agreements Military operations and strategy Presidents and presidential powers, Vice Presidents Reconstruction and stabilization Refugees, asylum, displaced persons Russia Sanctions Social work, volunteer service, charitable organizations 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 Social work volunteer service charitable organizations International Affairs

Senate Actions

IntroReferral
Mar. 15 2022	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Mar. 15 2022	Introduced in Senate

Senate bill S3838-117

A bill to authorize the confiscation of property of certain Russian persons subject to sanctions imposed by the United States and the use of that property for the benefit of the people of Ukraine, and for other purposes.

Senate bill S3838-117

A bill to authorize the confiscation of property of certain Russian persons subject to sanctions imposed by the United States and the use of that property for the benefit of the people of Ukraine, and for other purposes.

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