arrow_back Back to App

Seizing Russian Kleptocrat Assets for Ukraine Reconstruction Aid.

This law authorizes the US government to seize assets belonging to individuals and entities linked to Russia's aggression against Ukraine, including oligarchs. The forfeited funds are specifically designated for the reconstruction of Ukraine. It establishes special, faster procedures for civil forfeiture, provided the President declares a national emergency related to the conflict.
Key points
Allows for the nonjudicial seizure of property from individuals and entities violating sanctions related to Russia, Belarus, and occupied Ukrainian regions.
Broadens the types of assets that can be seized and used to fund Ukraine's recovery efforts.
Extends the authority for using these forfeited funds for Ukraine reconstruction for three years.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_3359
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2023-11-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

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_S_3359.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-11-29.

What are the main provisions?

Key points include:

  • Allows for the nonjudicial seizure of property from individuals and entities violating sanctions related to Russia, Belarus, and occupied Ukrainian regions.
  • Broadens the types of assets that can be seized and used to fund Ukraine's recovery efforts.
  • Extends the authority for using these forfeited funds for Ukraine reconstruction for three years.
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 Sen. Whitehouse, Sheldon [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Courts and Law Economy