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Oligarch Asset Forfeiture for Ukraine Aid

This act allows the U.S. government to seize assets from individuals and entities sanctioned due to Russia's actions in Ukraine. Proceeds from selling these assets can be used for humanitarian aid for Ukrainian refugees or for rebuilding Ukraine after hostilities cease. These provisions are temporary and will expire once the war is officially concluded.
Key points
The U.S. government can seize assets from Russian-linked individuals and entities under sanctions.
Funds from seized assets will be used for aid to Ukraine and its reconstruction.
These provisions are temporary and will expire after the war in Ukraine ends.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_7086
Sponsor: Rep. Cohen, Steve [D-TN-9]
Process start date: 2022-03-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Oligarch Asset Forfeiture Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7086.

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 2022-03-15.

What are the main provisions?

Key points include:

  • The U.S. government can seize assets from Russian-linked individuals and entities under sanctions.
  • Funds from seized assets will be used for aid to Ukraine and its reconstruction.
  • These provisions are temporary and will expire after the war in Ukraine ends.
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. Cohen, Steve [D-TN-9].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Is this summary verified?

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

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