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Transfer of Confiscated Russian and Belarusian Assets for Ukraine Aid

This act allows for the transfer of money and property confiscated from Russian and Belarusian nationals to provide humanitarian assistance to the people of Ukraine. This means that funds derived from crime or corruption, seized by the U.S. government, can now be used to support those affected by the conflict in Ukraine.
Key points
Enables the transfer of forfeited assets owned by Russian and Belarusian nationals to humanitarian aid for Ukraine.
These funds will be managed by the U.S. Agency for International Development (USAID) and allocated to support Ukrainians.
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Additional Information
Confiscating Corrupt Criminal Proceeds (CCCP) Act of 2022
Print number: HR 7015
Sponsor: Rep. Burchett, Tim [R-TN-2]
Process start date: 2022-03-09