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.
Status:
Expired
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