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Expanded Forfeited Property for Ukraine Aid Against Russian Aggression

This bill broadens the types of forfeited property that can be used to help Ukraine recover from Russian aggression. It means more assets linked to individuals or entities involved in the conflict can be directed towards remediation efforts. For citizens, this signifies a stronger U.S. stance on international stability and support for democratic values, potentially impacting foreign policy and global security.
Key points
Expands the definition of forfeited property eligible for transfer to remediate harms to Ukraine, including a wider range of assets linked to Russian aggression.
Mandates semi-annual reports on the progress of using these transferred funds for Ukraine, enhancing accountability.
Requires a plan for utilizing the expanded forfeiture authority within 30 days of the bill's enactment.
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Additional Information
Print number: 118_HR_7077
Sponsor: Rep. Boyle, Brendan F. [D-PA-2]
Process start date: 2024-01-25