Senate bill S536-118

Banking, Housing, and Urban Affairs Committee

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.

• Last activity on Feb 27, 2023

• Introduced Feb 27, 2023

• By Sen. Daines, Steve [R-MT]

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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 FY2023 emergency supplemental appropriations that were provided for assistance in Ukraine.

Senate Actions

IntroReferral
Feb. 27 2023	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Library of Congress Actions

IntroReferral
Feb. 27 2023	Introduced in Senate

Senate bill S536-118

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.

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