arrow_back Back to App

Yachts for Ukraine: Humanitarian Aid from Frozen Assets

This act allows the U.S. President to use frozen financial assets and property of Russian oligarchs and senior officials for humanitarian aid to Ukraine. This means that money and property of sanctioned individuals can be transferred to support those in need in Ukraine, indirectly impacting global security and stability.
Key points
The U.S. President can use frozen money and assets of Russian oligarchs for aid to Ukraine.
Funds come from sanctioned assets, such as yachts or bank accounts.
The goal is to provide humanitarian support to Ukraine.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_7187
Sponsor: Rep. Moulton, Seth [D-MA-6]
Process start date: 2022-03-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Yachts for Ukraine Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7187.

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 2022-03-21.

What are the main provisions?

Key points include:

  • The U.S. President can use frozen money and assets of Russian oligarchs for aid to Ukraine.
  • Funds come from sanctioned assets, such as yachts or bank accounts.
  • The goal is to provide humanitarian support to Ukraine.
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. Moulton, Seth [D-MA-6].

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 Public Investments