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.
Status:
Expired
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