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Confiscation of Russian Assets for Ukraine Aid

This bill authorizes the U.S. President to seize financial assets of the Russian government within U.S. jurisdiction. These funds would then be used to offset the costs of U.S. assistance to Ukraine. This measure does not directly impact U.S. citizens' daily lives but relates to foreign policy and government spending.
Key points
The U.S. President is authorized to confiscate funds belonging to the Russian Federation government in the U.S.
Confiscated funds will be used to offset the costs of U.S. aid to Ukraine.
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Expired
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Additional Information
Print number: 117_S_4283
Sponsor: Sen. Daines, Steve [R-MT]
Process start date: 2022-05-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to authorize the confiscation of assets of the Russian Federation and the use of such assets to offset costs to the United States of assistance to Ukraine.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4283.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-19.

What are the main provisions?

Key points include:

  • The U.S. President is authorized to confiscate funds belonging to the Russian Federation government in the U.S.
  • Confiscated funds will be used to offset the costs of U.S. aid to Ukraine.
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. Daines, Steve [R-MT].

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

Economy Public Investments Security