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No Taxpayer Money for Russian Oligarchs' Seized Assets

This act aims to prevent taxpayer money from being used to maintain seized vehicles belonging to Russian oligarchs or officials. This means public funds will not cover the costs associated with storing or preserving these assets. It impacts how seized property is managed and protects public finances.
Key points
Taxpayer money will not be used to maintain seized vehicles of Russian oligarchs and officials.
The act applies to vehicles seized due to Russia's invasion of Ukraine or by special task forces.
Individuals whose assets are seized cannot sue the government for damages from the seizure.
Treasury and Justice Department funds cannot be used for maintaining these vehicles.
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Additional Information
Print number: 117_HR_8905
Sponsor: Rep. Stanton, Greg [D-AZ-9]
Process start date: 2022-09-19