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Ukraine Aid: Confiscating Russian Assets for Reconstruction

This act allows the U.S. government to confiscate frozen Russian state assets and use them to aid Ukraine. These funds are intended to support reconstruction, humanitarian assistance, and other efforts for Ukraine, potentially impacting international stability and future economic relations.
Key points
The U.S. government can confiscate frozen assets of the Russian Central Bank and other Russian state entities.
Confiscated funds will be deposited into a special Ukraine Support Fund for reconstruction and humanitarian aid.
The act mandates international cooperation to establish a common compensation mechanism for Ukraine using Russian assets.
It prohibits the release of frozen Russian assets until Russia fully compensates Ukraine or participates in an international compensation mechanism.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_4175
Sponsor: Rep. McCaul, Michael T. [R-TX-10]
Process start date: 2023-06-15
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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

REPO for Ukrainians Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4175.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-06-15.

What are the main provisions?

Key points include:

  • The U.S. government can confiscate frozen assets of the Russian Central Bank and other Russian state entities.
  • Confiscated funds will be deposited into a special Ukraine Support Fund for reconstruction and humanitarian aid.
  • The act mandates international cooperation to establish a common compensation mechanism for Ukraine using Russian assets.
  • It prohibits the release of frozen Russian assets until Russia fully compensates Ukraine or participates in an international compensation mechanism.
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 Rep. McCaul, Michael T. [R-TX-10].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 2.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

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