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Seizing Russian Assets: New Powers for US President

This bill authorizes the US President to issue special permits to private entities to seize yachts, planes, and other assets of sanctioned Russians outside the US. This aims to increase pressure on individuals linked to the Russian government. US citizens are not directly affected, but it could impact international relations and economic stability.
Key points
The US President can authorize private individuals and entities to seize assets of sanctioned Russians outside US borders.
Seizable assets include yachts, planes, and other properties belonging to individuals on the sanctions list.
Issuing such authorization requires a security bond to ensure compliance with the terms and conditions.
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Expired
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Additional Information
Print number: 117_HR_6869
Sponsor: Rep. Gooden, Lance [R-TX-5]
Process start date: 2022-02-28
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To authorize the President of the United States to issue letters of marque and reprisal for the purpose of seizing the assets of certain Russian citizens, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6869.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-02-28.

What are the main provisions?

Key points include:

  • The US President can authorize private individuals and entities to seize assets of sanctioned Russians outside US borders.
  • Seizable assets include yachts, planes, and other properties belonging to individuals on the sanctions list.
  • Issuing such authorization requires a security bond to ensure compliance with the terms and conditions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gooden, Lance [R-TX-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Security Economy Courts and Law