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Asset Seizure for Ukraine Reconstruction and New Sanctions

This act aims to enable the confiscation of assets from individuals linked to the Putin regime who have been sanctioned. These funds are intended to support Ukraine, including reconstruction, humanitarian aid, and refugee assistance. Citizens may feel an indirect impact through strengthened U.S. foreign policy and support for international stability.
Key points
The U.S. President can confiscate assets over $2 million belonging to Russian energy companies or individuals supporting the Putin regime, who are under sanctions.
Confiscated funds are to be used for Ukraine's reconstruction, humanitarian aid, support for Ukrainian security forces, and refugee assistance.
The act establishes a working group to determine constitutional mechanisms for asset seizure and expands sanctions on members of the Russian Parliament.
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98%
VOTING RESULTS
2022-04-27
For 417
Against 8
Abstain 0
Full voting results open_in_new
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Status:
Expired
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Additional Information
Print number: 117_HR_6930
Sponsor: Rep. Malinowski, Tom [D-NJ-7]
Process start date: 2022-03-03
Voting date: 2022-04-27
Meeting no: 2
Voting no: 130