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Transferring Frozen Russian Oligarch Assets for Ukraine Aid

This act authorizes the Attorney General to transfer proceeds from forfeited Russian oligarch property to the Secretary of State to assist Ukraine. These funds are intended to remediate harms caused by Russian aggression. The authority under this section expires on May 1, 2025.
Key points
Authorizes the transfer of proceeds from forfeited Russian oligarch property to assist Ukraine.
Funds are to be used to remediate harms caused by Russian aggression.
The Attorney General will report semi-annually to Congress on these transfers.
The authority under this act expires on May 1, 2025.
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Status: Expired
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Additional Information
Print number: 117_HR_8156
Sponsor: Rep. Cohen, Steve [D-TN-9]
Process start date: 2022-06-21