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Act to Seize Russian Assets for Ukraine Aid

This act allows the U.S. government to seize assets of individuals and entities linked to the Russian government that have been sanctioned. Funds from these seizures are intended to cover U.S. support costs for Ukraine and assist in the country's reconstruction. U.S. citizens are not directly affected by this act, but it may influence international relations and economic stability.
Key points
The U.S. government can seize frozen assets of Russian oligarchs and Russia's central bank.
Proceeds from seized assets will reimburse U.S. expenses for Ukraine support, humanitarian aid, and reconstruction.
The act mandates regular reports on the use of these funds, increasing expenditure transparency.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_5925
Sponsor: Rep. McCormick, Richard [R-GA-6]
Process start date: 2023-10-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Make Putin Pay Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5925.

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 2023-10-25.

What are the main provisions?

Key points include:

  • The U.S. government can seize frozen assets of Russian oligarchs and Russia's central bank.
  • Proceeds from seized assets will reimburse U.S. expenses for Ukraine support, humanitarian aid, and reconstruction.
  • The act mandates regular reports on the use of these funds, increasing expenditure transparency.
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. McCormick, Richard [R-GA-6].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

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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Courts and Law Economy Public Investments