S. 2003 · 118th Congress
REPO for Ukrainians Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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RischSponsor27 cosponsors · 15 D, 12 R
D
Whitehouse
RB
D
Blumenthal
PR
R
Ricketts
RW
R
Wicker
LG
R
Graham
MK
D
Kelly
JM
D
Manchin
KB
R
Britt
JF
D
Fetterman
MB
D
Bennet
CG
R
Grassley
MB
R
Braun
PW
D
Welch
JH
D
Hickenlooper
MH
D
Hirono
RS
R
Scott
TY
R
Young
TC
R
Cruz
CC
D
Cortez Masto
JC
R
Cornyn
CC
D
Coons
JS
D
Shaheen
MC
R
Crapo
JK
R
Kennedy
JR
D
Reed
MH
D
Hassan
BC
D
Casey1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act
What it does: CRS summary · Introduced in Senate · Jun 15, 2023
Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act
This bill requires or authorizes various actions related to the confiscation and disposition of Russian sovereign assets (which include funds and other property of Russia's central bank, direct investment fund, or ministry of finance).
Under the bill, the President must require U.S. financial institutions to notify the Department of the Treasury of any Russian sovereign assets located at such institutions. The President may confiscate any such assets subject to U.S. jurisdiction. Confiscated funds and the proceeds of liquidated property must be deposited into the Ukraine Support Fund established by the bill.
The Ukraine Support Fund shall be available to the Department of State only to compensate Ukraine for damages caused by the Russian invasion, including by providing funds to an international body or mechanism for (1) reconstruction and rebuilding efforts in Ukraine, (2) humanitarian assistance to the Ukrainian people, or (3) other purposes which support the recovery of Ukraine and the welfare of the Ukrainian people.
The bill also directs the President to seek to establish, with foreign partners, an international mechanism to provide compensation to Ukraine using the Ukraine Support Fund and Russian sovereign assets confiscated by foreign partners.
Additionally, the bill sets policy on related topics, such as specifying that the United States should lead an international sanctions regime to freeze Russian sovereign assets in conjunction with allies and partners.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: REPO for Ukrainians Act
Also known as: Rebuilding Economic Prosperity and Opportunity for Ukrainians Act
Latest action (Apr 9, 2024): Committee on Banking, Housing, and Urban Affairs. Hearings held.
Policy area: International Affairs · Origin: Senate · Introduced: Jun 15, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.