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Increased Border Security Funding from Confiscated Russian Assets.

This act aims to boost funding for U.S. southern border security. The money for this will come from seizing assets of sanctioned Russian individuals and entities. This means Russian funds and property could be used to finance border infrastructure and equipment, potentially impacting national security.
Key points
Spending on U.S. border security must equal the amount allocated for Ukraine assistance in fiscal years 2022-2023.
The U.S. President can confiscate and sell assets (including cryptocurrency) belonging to sanctioned Russian persons.
Funds from confiscated Russian assets will be used for physical infrastructure and equipment for U.S. Customs and Border Protection.
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Additional Information
Print number: 117_S_4224
Sponsor: Sen. Cassidy, Bill [R-LA]
Process start date: 2022-05-16