arrow_back Back to App

Seizure of Russian Assets for Ukraine Reconstruction

This act allows for the confiscation of assets from sanctioned Russian individuals linked to corruption or the Putin regime. These funds, exceeding $2 million in value, are intended to support Ukraine's reconstruction, humanitarian aid, and refugee assistance. Citizens can report information leading to such confiscations and receive a reward.
Key points
The U.S. President can confiscate assets of sanctioned Russian persons if their value exceeds $2 million and they are linked to corruption or support for the Putin regime.
Confiscated funds will be used for Ukraine's post-conflict reconstruction, humanitarian aid, military support, refugee assistance, and ensuring free flow of information.
Rewards may be paid to individuals or humanitarian organizations for information leading to the confiscation of such assets.
The authority to confiscate assets will expire two years after the act's enactment.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3838
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2022-03-15
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

Asset Seizure for Ukraine Reconstruction Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3838.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-15.

What are the main provisions?

Key points include:

  • The U.S. President can confiscate assets of sanctioned Russian persons if their value exceeds $2 million and they are linked to corruption or support for the Putin regime.
  • Confiscated funds will be used for Ukraine's post-conflict reconstruction, humanitarian aid, military support, refugee assistance, and ensuring free flow of information.
  • Rewards may be paid to individuals or humanitarian organizations for information leading to the confiscation of such assets.
  • The authority to confiscate assets will expire two years after the act's enactment.
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. Whitehouse, Sheldon [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

Courts and Law Economy Public Investments