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.

II 118TH CONGRESS 1ST SESSION S. 536 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. IN THE SENATE OF THE UNITED STATES FEBRUARY 27, 2023 Mr. DAINES (for himself and Mr. CRAMER) introduced the following bill; which was read twice and referred to the Committee on Banking, Hous- ing, and Urban Affairs A BILL To authorize the confiscation of assets of the Russian Fed- eration and the use of such assets to offset costs to the United States of assistance to Ukraine. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. CONFISCATION OF ASSETS OF RUSSIAN FED- 3 ERATION; USE TO OFFSET COSTS TO UNITED 4 STATES OF AID TO UKRAINE. 5 (a) IN GENERAL.—The President shall— 6 (1) confiscate, through instructions or licenses 7 or in such other manner as the President determines 8 appropriate, funds of the Government of the Russian 9 VerDate Sep 11 2014 06:23 Mar 07, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S536.IS S536 kjohnson on DSK79L0C42PROD with BILLS 2 •S 536 IS Federation that are subject to the jurisdiction of the 1 United States; and 2 (2) deposit funds confiscated under paragraph 3 (1) in the general fund of the Treasury to offset the 4 costs of amounts appropriated by any Act making 5 emergency supplemental appropriations for assist- 6 ance for the situation in Ukraine for the fiscal year 7 ending September 30, 2023. 8 (b) VESTING.—All right, title, and interest in funds 9 confiscated under subsection (a) shall vest in the Govern- 10 ment of the United States. 11 Æ VerDate Sep 11 2014 06:23 Mar 07, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S536.IS S536 kjohnson on DSK79L0C42PROD with BILLS