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Using Forfeited Property for Ukraine Remediation

New rules allow the U.S. Attorney General to use assets seized in cases linked to Russian aggression in Ukraine. These funds can be used for aid and reconstruction in Ukraine, meaning money from crimes can support international stability efforts.
Key points
Authorizes the use of forfeited property from offenses like money laundering, fraud, and corruption linked to Russian aggression in Ukraine.
These funds can be transferred for remediation and support in Ukraine, increasing financial aid options without burdening taxpayers.
The changes apply to civil and criminal forfeitures, as well as those managed by the Department of the Treasury.
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Additional Information
Print number: 117_HR_8377
Sponsor: Rep. Cartwright, Matt [D-PA-8]
Process start date: 2022-07-14