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Seizing Russian Assets for Ukraine Reconstruction

This act allows for the seizure of assets from individuals and entities linked to Russia who have contributed to actions threatening Ukraine. Funds from these seizures are intended to aid in Ukraine's reconstruction. Citizens are not directly affected, but the act strengthens U.S. foreign policy.
Key points
Authorizes the seizure of assets from individuals and companies linked to Russia who violated sanctions or supported aggression against Ukraine.
Seized funds will be used for the reconstruction of Ukraine.
The act will be in effect for 3 years from its enactment date.
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Expired
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Additional Information
Print number: 118_HR_6491
Sponsor: Rep. Wilson, Joe [R-SC-2]
Process start date: 2023-11-28
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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

Asset Seizure for Ukraine Reconstruction Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6491.

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 2023-11-28.

What are the main provisions?

Key points include:

  • Authorizes the seizure of assets from individuals and companies linked to Russia who violated sanctions or supported aggression against Ukraine.
  • Seized funds will be used for the reconstruction of Ukraine.
  • The act will be in effect for 3 years from its enactment date.
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. Wilson, Joe [R-SC-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Trade.

Is this summary verified?

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

CATEGORIES

Courts and Law Economy