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Make Russia Pay Act: Aid for Ukraine from Seized Russian Assets.

This act aims to transfer seized Russian assets to a humanitarian aid fund for Ukraine. These funds will be used to support refugees, rebuild infrastructure, and assist in defense against aggression, directly impacting the living conditions of those affected by the conflict.
Key points
Establishes a Ukrainian Humanitarian Aid Fund within the U.S. Department of the Treasury.
Mandates the forfeiture and liquidation of all seized Russian assets, including Central Bank foreign reserves, with proceeds deposited into this fund.
Authorizes the use of the fund for humanitarian relief for Ukrainian refugees, support for the Ukrainian government to provide food, clothing, shelter, medical assistance, rebuild damaged infrastructure, and provide security assistance.
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Additional Information
Print number: 117_HR_7083
Sponsor: Rep. Bice, Stephanie I. [R-OK-5]
Process start date: 2022-03-15