Tax on Frozen Russian and Belarusian Assets for Ukraine Reconstruction
This act imposes a 100% tax on income (interest and dividends) from frozen assets of the Russian and Belarusian governments in the U.S. The collected funds will be directed to the newly established Ukraine Reconstruction Trust Fund, supporting rebuilding efforts, humanitarian aid, and economic development. U.S. citizens are not directly taxed, but may experience indirect effects through foreign policy and international stability.
Key points
Imposition of a 100% tax on income (interest and dividends) from frozen assets of the Russian and Belarusian governments in the United States.
Establishment of the Ukraine Reconstruction Trust Fund, to which all proceeds from this tax will be transferred.
The fund will finance reconstruction, humanitarian assistance, economic growth, and transparent governance in Ukraine.
The U.S. will diplomatically encourage other countries to transfer income from frozen Russian assets to Ukraine.
Status:
Expired
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