A bill to authorize the confiscation of assets of the Russian Federation and the use of such assets to offset costs to the United States of assistance to Ukraine.

Fact Sheet API

Bill Number

S 4283

Introduced

May 19, 2022

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

Sponsor

Cosponsors

Topics

Appropriations Conflicts and wars Europe Foreign aid and international relief Foreign property International Affairs Licensing and registrations Military operations and strategy Russia Ukraine

Full Text

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Votes

Summary

This bill requires the President to seize Russian government funds that are subject to U.S. jurisdiction. The confiscated funds must be deposited in the Treasury to offset the costs of FY2022 emergency supplemental appropriations that were provided for assistance in Ukraine.

Actions

Sep 20, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held.
May 19, 2022

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 19, 2022

Introduced in Senate

Amendments

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