Sanctions Enforcement Funding: Using 5% of Seized Assets for Operational Costs
This bill authorizes the government agency responsible for enforcing sanctions (OFAC) to retain 5% of the value of seized foreign assets. These funds will be used specifically to cover the operational costs associated with carrying out sanctions enforcement activities. The goal is to make the sanctions enforcement process more self-sustaining, reducing reliance on general taxpayer funds for these specific expenses.
Key points
The OFAC agency is authorized to deposit 5% of seized foreign assets into its programs account.
These funds will be used exclusively to recover the costs of enforcing sanctions imposed by the United States.
Status:
Expired
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