H.R. 6930 · 117th Congress
Asset Seizure for Ukraine Reconstruction Act
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18 cosponsors · 10 D, 8 R
9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Mar 3, 2022
- House Passed Apr 27, 2022 417–8
This bill establishes a working group to determine the legal mechanisms that may be used to seize assets belonging to certain foreign persons (i.e., individuals and entities) affiliated with Russia's political leadership and addresses related issues.
What it does: CRS summary · Passed House · Apr 27, 2022
Asset Seizure for Ukraine Reconstruction Act
This bill establishes a working group to determine the legal mechanisms that may be used to seize assets belonging to certain foreign persons (i.e., individuals and entities) affiliated with Russia's political leadership and addresses related issues.
The interagency working group must determine the constitutional mechanisms by which the President may take steps to seize and confiscate assets belonging to any sanctioned foreign person whose wealth is derived through support for or corruption related to the regime of Russian president Vladimir Putin. The working group must report to Congress on certain issues including (1) recommendations to impose additional energy-related sanctions on Russia's government, and (2) any additional authorities the President needs to take steps to seize and confiscate the assets.
The President must report to Congress a determination as to whether to expand existing sanctions related to certain Russian government activities to cover additional persons.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: Asset Seizure for Ukraine Reconstruction Act
Latest action (Apr 28, 2022): Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Policy area: International Affairs · Origin: House · Introduced: Mar 3, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced Mar 3, 2022
- House Passed Apr 27, 2022 417–8
Final vote · House · Apr 27, 2022
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Nancy Pelosi