SB3359: Asset Seizure for Ukraine Reconstruction Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to authorize the seizure and forfeiture of assets of Russian kleptocrats, and for other purposes.
Plain-language summary
This bill would allow the U.S. government to seize and take permanent ownership of assets belonging to Russian officials and wealthy individuals tied to the Russian government, often called kleptocrats. The seized assets would be used to help rebuild Ukraine after the Russian invasion. The bill is currently in the early stage after being introduced in Congress. It has bipartisan support from both Democratic and Republican sponsors. The bill aims to punish Russian corruption while funding reconstruction efforts.
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SB3359: Asset Seizure for Ukraine Reconstruction Act
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Sponsors
Sheldon Whitehouse
Primary SponsorCo-sponsors (4)
Lindsey Graham
Richard Blumenthal
James Risch
Michael Bennet