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Ukraine Reconstruction: Excluding Companies Supporting Russia

This act aims to prevent companies from countries that supported Russia from profiting from Ukraine's reconstruction. It influences how international financial institutions engage in reconstruction projects, potentially impacting global economics and international relations.
Key points
International financial institutions are prohibited from contracting with companies from countries that supported Russia for Ukraine's reconstruction.
The list of prohibited countries includes China, Belarus, India, Iran, and South Africa, among others.
Waiver possible for some countries if they publicly oppose Russia's invasion or provide material support to Ukraine.
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Additional Information
Print number: 118_HR_4341
Sponsor: Rep. Luetkemeyer, Blaine [R-MO-3]
Process start date: 2023-06-23
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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

Ukraine Reconstruction Accountability and Transparency Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4341.

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 2023-06-23.

What are the main provisions?

Key points include:

  • International financial institutions are prohibited from contracting with companies from countries that supported Russia for Ukraine's reconstruction.
  • The list of prohibited countries includes China, Belarus, India, Iran, and South Africa, among others.
  • Waiver possible for some countries if they publicly oppose Russia's invasion or provide material support 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 Rep. Luetkemeyer, Blaine [R-MO-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

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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