Asset Seizure for Ukraine Reconstruction Act
This bill authorizes the President to, subject to certain conditions, seize assets belonging to a foreign person whose wealth is derived in part through political support for or corruption linked to Russian President Vladimir Putin.
Specifically, for two years starting from this bill's enactment, the President may seize such assets if (1) Russia remains engaged in a conflict of territorial conquest in Ukraine; (2) the President has imposed sanctions on the owner of the assets for reasons related to corruption, human rights violations, malign influence, or conflicts in Ukraine; and (3) the assets are valued at over $5 million.
Such seized assets may be liquidated, and the resulting funds may only be used for specified purposes, including (1) the post-conflict reconstruction of Ukraine, (2) humanitarian assistance and refugee support for the Ukrainian people, (3) weapons for Ukraine's uniformed military forces, and (4) humanitarian and development assistance for the Russian people.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2022-04-28 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Foreign Relations. | Senate |
| 2022-04-27 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2022-04-27 | Vote | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 8 (Roll no. 130). (text: CR H4530-4531) | House floor actions |
| 2022-04-27 | Floor | Considered as unfinished business. (consideration: CR H4554-4555) | House floor actions |
| 2022-04-27 | Floor | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. | House floor actions |
| 2022-04-27 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 6930. | House floor actions |
| 2022-04-27 | Floor | Considered under suspension of the rules. (consideration: CR H4530-4532) | House floor actions |
| 2022-04-27 | Floor | Mr. Phillips moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2022-04-05 | Committee | Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote. | House committee actions |
| 2022-04-05 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2022-03-03 | IntroReferral | Referred to the House Committee on Foreign Affairs. | House floor actions |
| 2022-03-03 | IntroReferral | Introduced in House | Library of Congress |