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Russia Sanctions Act: Asset Freezing and Ukraine Support

This act introduces new financial and travel sanctions against Russian officials, businessmen, and organizations in response to the invasion of Ukraine. It allows for the confiscation of Russian assets in the U.S. and their transfer to Ukraine, and strengthens controls over real estate transactions to combat money laundering.
Key points
Freezing of assets and travel bans to the U.S. for Russian officials, military personnel, and selected individuals.
Confiscation of Russian assets in the U.S. and potential transfer to the Ukrainian government.
Strengthening controls over real estate transactions to hinder money laundering by individuals linked to Russia.
Recognition of Volodymyr Zelenskyy's government as the legitimate government of Ukraine and authorization of military assistance.
Restriction of free movement for Russian diplomats in the U.S. and closure of consulates.
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Expired
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Additional Information
Print number: 117_S_3723
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2022-03-02
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Special Russian Sanctions Authority Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3723.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-02.

What are the main provisions?

Key points include:

  • Freezing of assets and travel bans to the U.S. for Russian officials, military personnel, and selected individuals.
  • Confiscation of Russian assets in the U.S. and potential transfer to the Ukrainian government.
  • Strengthening controls over real estate transactions to hinder money laundering by individuals linked to Russia.
  • Recognition of Volodymyr Zelenskyy's government as the legitimate government of Ukraine and authorization of military assistance.
  • Restriction of free movement for Russian diplomats in the U.S. and closure of consulates.
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 Sen. Cassidy, Bill [R-LA].

What is the latest detailed status?

The latest detailed status is: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 293.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Security Economy Real Estate