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Expanding Seized Russian Assets Transfer for Ukraine Aid and Reconstruction.

This law expands the US government's ability to seize and transfer assets forfeited from individuals and entities violating sanctions related to Russian aggression against Ukraine. It broadens the types of illicit property that can be redirected from US forfeiture funds to support Ukraine's recovery and humanitarian needs. The law also mandates regular reports to Congress detailing the progress of these transfers.
Key points
The US Attorney General can now use a wider range of forfeited funds to aid Ukraine, drawing from any forfeiture fund.
The definition of transferable property is expanded to include assets linked to sanctions violations or illegal exports to Russia, Belarus, and occupied Ukrainian regions.
The State Department must report to Congress every six months on how these transferred assets are helping remediate the harms caused by Russian aggression.
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Expired
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Additional Information
Print number: 118_S_4438
Sponsor: Sen. Manchin, Joe, III [D-WV]
Process start date: 2024-06-03
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Transferring Illicit Assets to Ukraine Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4438.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-06-03.

What are the main provisions?

Key points include:

  • The US Attorney General can now use a wider range of forfeited funds to aid Ukraine, drawing from any forfeiture fund.
  • The definition of transferable property is expanded to include assets linked to sanctions violations or illegal exports to Russia, Belarus, and occupied Ukrainian regions.
  • The State Department must report to Congress every six months on how these transferred assets are helping remediate the harms caused by Russian aggression.
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. Manchin, Joe, III [D-WV].

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.

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Security Economy Courts and Law