[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4175 Introduced in House (IH)]

<DOC>






118th CONGRESS
  1st Session
                                H. R. 4175

To authorize the Secretary of State to provide additional assistance to 
 Ukraine using assets confiscated from the Central Bank of the Russian 
 Federation and other sovereign assets of the Russian Federation, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 15, 2023

Mr. McCaul (for himself, Ms. Kaptur, Mr. Wilson of South Carolina, Mr. 
   Cohen, Mr. Kean of New Jersey, Mr. Quigley, and Mr. Fitzpatrick) 
 introduced the following bill; which was referred to the Committee on 
   Foreign Affairs, and in addition to the Committees on Rules, and 
 Financial Services, for a period to be subsequently determined by the 
  Speaker, in each case for consideration of such provisions as fall 
           within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To authorize the Secretary of State to provide additional assistance to 
 Ukraine using assets confiscated from the Central Bank of the Russian 
 Federation and other sovereign assets of the Russian Federation, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Rebuilding 
Economic Prosperity and Opportunity for Ukrainians Act'' or the ``REPO 
for Ukrainians Act''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
   TITLE I--CONFISCATION AND REPURPOSING OF RUSSIAN SOVEREIGN ASSETS

Sec. 101. Findings; sense of Congress.
Sec. 102. Sense of Congress regarding importance of the Russian 
                            Federation providing compensation to 
                            Ukraine.
Sec. 103. Prohibition on release of blocked Russian sovereign assets.
Sec. 104. Authority to ensure compensation to Ukraine using confiscated 
                            Russian sovereign assets.
Sec. 105. International agreement to use Russian sovereign assets to 
                            provide for the reconstruction of Ukraine.
Sec. 106. Report on use of confiscated Russian sovereign assets for 
                            reconstruction.
Sec. 107. Assessment by Secretary of State and Administrator of United 
                            States Agency for International Development 
                            on reconstruction and rebuilding needs of 
                            Ukraine.
Sec. 108. Exception relating to importation of goods.
Sec. 109. Definitions.
             TITLE II--MULTILATERAL SANCTIONS COORDINATION

Sec. 201. Statement of policy regarding coordination of multilateral 
                            sanctions with respect to the Russian 
                            Federation.
Sec. 202. Assessment of impact of Ukraine-related sanctions on the 
                            economy of the Russian Federation.
Sec. 203. Information on voting practices in the United Nations with 
                            respect to the invasion of Ukraine by the 
                            Russian Federation.

   TITLE I--CONFISCATION AND REPURPOSING OF RUSSIAN SOVEREIGN ASSETS

SEC. 101. FINDINGS; SENSE OF CONGRESS.

    (a) Findings.--Congress makes the following findings:
            (1) On February 24, 2022, the Government of the Russian 
        Federation violated the sovereignty and territorial integrity 
        of Ukraine by engaging in a premeditated, second illegal 
        invasion of Ukraine.
            (2) The international community has condemned the illegal 
        invasions of Ukraine by the Russian Federation, as well as the 
        commission of war crimes by the Russian Federation, including 
        through the deliberate targeting of civilians and civilian 
        infrastructure and the commission of sexual violence.
            (3) The leaders of the G7 have called the Russian 
        Federation's ``unprovoked and completely unjustified attack on 
        the democratic state of Ukraine'' a ``serious violation of 
        international law and a grave breach of the United Nations 
        Charter and all commitments Russia entered in the Helsinki 
        Final Act and the Charter of Paris and its commitments in the 
        Budapest Memorandum''.
            (4) On March 2, 2022, the United Nations General Assembly 
        adopted Resolution ES-11/1, entitled ``Aggression against 
        Ukraine'', by a vote of 141 to 5. That resolution ``deplore[d] 
        in the strongest terms the aggression by the Russian Federation 
        against Ukraine in violation of Article 2(4) of the [United 
        Nations] Charter'' and demanded that the Russian Federation 
        ``immediately cease its use of force against Ukraine'' and 
        ``immediately, completely and unconditionally withdraw all of 
        its military forces from the territory of Ukraine within its 
        internationally recognized borders''.
            (5) On March 16, 2022, the International Court of Justice 
        issued provisional measures ordering the Russian Federation to 
        ``immediately suspend the military operations that it commenced 
        on 24 February 2022 in the territory of Ukraine''.
            (6) On November 14, 2022, the United Nations General 
        Assembly adopted a resolution--
                    (A) recognizing that the Russian Federation must 
                bear the legal consequences of all of its 
                internationally wrongful acts, including making 
                reparation for the injury, including any damage, caused 
                by such acts;
                    (B) recognizing the need for the establishment of 
                an international mechanism for reparation for damage, 
                loss, or injury caused by the Russian Federation in 
                Ukraine; and
                    (C) recommending creation of an international 
                register of such damage, loss, or injury.
            (7) Under international law, a country that is responsible 
        for an internationally wrongful act is under an obligation to 
        compensate for the damage it has caused if such damage cannot 
        be made good by restitution. The Russian Federation bears such 
        responsibility to compensate Ukraine, and because of this grave 
        breach of international law, all states are legally entitled to 
        take countermeasures that are proportionate and aimed at 
        inducing the Russian Federation to comply with its 
        international obligations, including countermeasures that 
        suspend ordinary international obligations to the Russian 
        Federation, to help enforce the obligation of the Russian 
        Federation to compensate Ukraine.
    (b) Sense of Congress.--It is the sense of Congress that, having 
committed an act of aggression, as recognized by the United Nations 
General Assembly on March 2, 2022, the Russian Federation is to be 
considered as an aggressor state. The extreme illegal actions taken by 
the Russian Federation, including an act of aggression, present a 
unique situation, requiring and justifying the establishment of a legal 
authority to compensate victims of aggression by the Russian Federation 
in Ukraine. In this case, that authority is the authority of the United 
States Government and other countries to confiscate Russian sovereign 
assets in their respective jurisdictions to help enforce the obligation 
of the Russian Federation to compensate Ukraine.

SEC. 102. SENSE OF CONGRESS REGARDING IMPORTANCE OF THE RUSSIAN 
              FEDERATION PROVIDING COMPENSATION TO UKRAINE.

    It is the sense of Congress that--
            (1) the Russian Federation bears responsibility for the 
        financial burden of the reconstruction of Ukraine and for 
        countless other costs associated with the illegal invasion of 
        Ukraine by the Russian Federation that began on February 24, 
        2022;
            (2) the full cost of the Russian Federation's unlawful war 
        against Ukraine and the amount of money the Russian Federation 
        must pay Ukraine should be assessed by an international body or 
        mechanism charged with determining compensation and providing 
        assistance to Ukraine;
            (3) the Russian Federation is now on notice of its 
        opportunity to comply with its international obligations, 
        including compensation, or, by agreement with the government of 
        independent Ukraine, authorize an international body or 
        mechanism to address those outstanding obligations with 
        authority to make binding decisions on parties that comply in 
        good faith;
            (4) the Russian Federation can, by negotiated agreement, 
        participate in any international process to assess the full 
        cost of the Russian Federation's unlawful war against Ukraine 
        and make funds available to compensate for damage, loss, and 
        injury arising from its internationally wrongful acts in 
        Ukraine, and if it fails to do so, the United States and other 
        countries should explore other avenues for ensuring 
        compensation to Ukraine, including confiscation and repurposing 
        of assets of the Russian Federation;
            (5) the President should lead robust engagement on all 
        bilateral and multilateral aspects of the response by the 
        United States to efforts by the Russian Federation to undermine 
        the sovereignty and territorial integrity of Ukraine, including 
        on any policy coordination and alignment regarding the 
        disposition of Russian sovereign assets in the context of 
        compensation;
            (6) the confiscation and repurposing of Russian sovereign 
        assets by the United States is in the vital national security 
        interests of the United States and consistent with United 
        States and international law; and
            (7) the United States should work with international allies 
        and partners on the confiscation and repurposing of Russian 
        sovereign assets as part of a coordinated, multilateral effort, 
        including with G7 countries and other countries in which 
        Russian sovereign assets are located.

SEC. 103. PROHIBITION ON RELEASE OF BLOCKED RUSSIAN SOVEREIGN ASSETS.

    (a) In General.--No Russian sovereign asset that is blocked or 
immobilized by the Department of the Treasury before the date specified 
in section 104(g) may be released or mobilized until the President 
certifies to the appropriate congressional committees that--
            (1) hostilities between the Russian Federation and Ukraine 
        have ceased; and
            (2)(A) full compensation has been made to Ukraine for harms 
        resulting from the invasion of Ukraine by the Russian 
        Federation; or
            (B) the Russian Federation is participating in a bona fide 
        international mechanism that, by agreement, will discharge the 
        obligations of the Russian Federation to compensate Ukraine for 
        all amounts determined to be owed to Ukraine.
    (b) Notification.--Not later than 30 days before the release or 
mobilization of a Russian sovereign asset that previously had been 
blocked or immobilized by the Department of the Treasury, the President 
shall submit to the appropriate congressional committees--
            (1) a notification of the decision to release or mobilize 
        the asset; and
            (2) a justification in writing for such release or 
        mobilization.
    (c) Joint Resolution of Disapproval.--
            (1) In general.--No Russian sovereign asset that previously 
        had been blocked or immobilized by the Department of the 
        Treasury may be released or mobilized if, within 30 days of 
        receipt of the notification and justification required under 
        subsection (b), a joint resolution is enacted prohibiting the 
        proposed release or mobilization.
            (2) Expedited procedures.--Any joint resolution described 
        in paragraph (1) introduced in either House of Congress shall 
        be considered in accordance with the provisions of section 
        601(b) of the International Security Assistance and Arms Export 
        Control Act of 1976 (Public Law 94-329; 90 Stat. 765), except 
        that any such resolution shall be amendable. If such a joint 
        resolution should be vetoed by the President, the time for 
        debate in consideration of the veto message on such measure 
        shall be limited to 20 hours in the Senate and in the House of 
        Representatives shall be determined in accordance with the 
        Rules of the House.
    (d) Cooperation on Prohibition of Release of Certain Russian 
Sovereign Assets.--The President may take such action as may be 
necessary to seek to obtain an agreement or arrangement between the 
United States, Ukraine, and other countries that have blocked or 
immobilized Russian sovereign assets to prohibit such assets from being 
released or mobilized until an agreement has been reached that 
discharges the Russian Federation from further obligations to 
compensate Ukraine.

SEC. 104. AUTHORITY TO ENSURE COMPENSATION TO UKRAINE USING CONFISCATED 
              RUSSIAN SOVEREIGN ASSETS.

    (a) Reporting on Russian Assets.--
            (1) Notice required.--Not later than 30 days after the date 
        of the enactment of this Act, the President shall, by means of 
        such instructions or regulations as the President may 
        prescribe, require any United States financial institution at 
        which Russian sovereign assets are located, and that knows or 
        should know of such assets, to provide notice of such assets, 
        including relevant information required under section 
        501.603(b)(ii) of title 31, Code of Federal Regulations (or 
        successor regulations), to the Secretary of the Treasury not 
        later than 10 days after detection of such assets.
            (2) Report required.--
                    (A) In general.--Not later than 180 days after the 
                date of the enactment of this Act, and annually 
                thereafter for 3 years, the President shall submit to 
                the appropriate congressional committees a report 
                detailing the status of Russian sovereign assets 
                subject to the jurisdiction of the United States.
                    (B) Form.--The report required by subparagraph (A) 
                shall be submitted in unclassified form, but may 
                include a classified annex.
    (b) Confiscation.--
            (1) In general.--The President may confiscate any Russian 
        sovereign assets subject to the jurisdiction of the United 
        States.
            (2) Liquidation and deposit.--The President shall--
                    (A) deposit any funds confiscated under paragraph 
                (1) into the Ukraine Support Fund established under 
                subsection (c);
                    (B) liquidate or sell any other property 
                confiscated under paragraph (1) and deposit the funds 
                resulting from such liquidation or sale into the 
                Ukraine Support Fund established under subsection (c); 
                and
                    (C) make all such funds available for the purposes 
                described in subsection (d).
            (3) Method of confiscation.--The President shall confiscate 
        Russian sovereign assets under paragraph (1) through 
        instructions or licenses or in such other manner as the 
        President determines appropriate.
            (4) Vesting.--All right, title, and interest in Russian 
        sovereign assets confiscated under paragraph (1) shall vest, if 
        necessary, in the Government of the United States while being 
        held in the Ukraine Support Fund established under subsection 
        (c).
    (c) Establishment of the Ukraine Support Fund.--
            (1) In general.--The President shall establish a non-
        interest-bearing account, to be known as the ``Ukraine Support 
        Fund'', to consist of the funds deposited into the account 
        under subsection (b).
            (2) Use of funds.--The funds in the account established 
        under paragraph (1) shall be available to be used only as 
        specified in subsection (d).
    (d) Use of Confiscated Property.--
            (1) In general.--Subject to paragraph (2), funds in the 
        Ukraine Support Fund shall be available to the Secretary of 
        State, in consultation with the Administrator of the United 
        States Agency for International Development, for the purpose of 
        compensating Ukraine for damages resulting from the unlawful 
        invasion by the Russian Federation that began on February 24, 
        2022, including through, to the extent possible, the provision 
        of such funds to an international body or mechanism charged 
        with determining compensation and providing assistance to 
        Ukraine, for purposes that include the following:
                    (A) Reconstruction and rebuilding efforts in 
                Ukraine.
                    (B) To provide humanitarian assistance to the 
                people of Ukraine.
                    (C) Such other purposes as the Secretary determines 
                directly and effectively support the recovery of 
                Ukraine and the welfare of the people of Ukraine.
            (2) Notification.--
                    (A) In general.--The Secretary of State shall 
                notify the appropriate congressional committees not 
                fewer than 15 days before providing any funds from the 
                Ukraine Support Fund to the Government of Ukraine or to 
                any other person or international organization for the 
                purposes described in paragraph (1).
                    (B) Elements.--A notification under subparagraph 
                (A) with respect to the provision of funds to the 
                Government of Ukraine shall specify--
                            (i) the amount of funds to be provided;
                            (ii) the purpose for which such funds are 
                        provided; and
                            (iii) the recipient.
    (e) Judicial Review.--
            (1) In general.--The confiscation of Russian sovereign 
        assets under subsection (b)(1) shall not be subject to judicial 
        review.
            (2) Rule of construction.--Nothing in this subsection shall 
        be construed to limit any private individual or entity from 
        asserting due process claims in United States courts.
    (f) Exception for United States Obligations Under Vienna 
Conventions.--The authorities provided by this section may not be 
exercised in a manner inconsistent with the obligations of the United 
States under--
            (1) the Convention on Diplomatic Relations, done at Vienna 
        April 18, 1961, and entered into force April 24, 1964 (23 UST 
        3227);
            (2) the Convention on Consular Relations, done at Vienna 
        April 24, 1963, and entered into force on March 19, 1967 (21 
        UST 77);
            (3) the Agreement Regarding the Headquarters of the United 
        Nations, signed at Lake Success June 26, 1947, and entered into 
        force November 21, 1947 (TIAS 1676); or
            (4) any other international agreement governing the use of 
        force and establishing rights under international humanitarian 
        law.
    (g) Sunset.--The authority to confiscate, liquidate, and transfer 
Russian sovereign assets under this section shall terminate on the 
earlier of--
            (1) the date that is 5 years after the date of the 
        enactment of this Act; or
            (2) the date that is 120 days after the date on which the 
        President determines and certifies to the appropriate 
        congressional committees that--
                    (A) hostilities between the Russian Federation and 
                Ukraine have ceased; and
                    (B)(i) full compensation has been made to Ukraine 
                for harms resulting from the invasion of Ukraine by the 
                Russian Federation; or
                    (ii) the Russian Federation is participating in a 
                bona fide international mechanism that, by agreement, 
                will discharge the obligations of the Russian 
                Federation to compensate Ukraine for all amounts 
                determined to be owed to Ukraine.

SEC. 105. INTERNATIONAL AGREEMENT TO USE RUSSIAN SOVEREIGN ASSETS TO 
              PROVIDE FOR THE RECONSTRUCTION OF UKRAINE.

    (a) In General.--The President shall take such action as the 
President determines necessary to seek to establish a common 
international compensation mechanism, in coordination with foreign 
partners including Ukraine, that shall include the establishment of an 
international fund to be known as the ``Common Ukraine Fund'', that 
uses assets in the Ukraine Support Fund established under section 
104(c) and contributions from foreign partners that have also 
confiscated Russian sovereign assets to allow for compensation for 
Ukraine, including by--
            (1) establishing a register of damage to serve as a record 
        of evidence and for assessment of the full costs of damages to 
        Ukraine resulting from the invasion of Ukraine by the Russian 
        Federation that began on February 24, 2022;
            (2) establishing a mechanism for compensating Ukraine for 
        damages resulting from that invasion;
            (3) ensuring distribution of those assets or the proceeds 
        of those assets based on determinations under that mechanism; 
        and
            (4) taking such other actions as may be necessary to carry 
        out this section.
    (b) Authorization for Deposit in the Common Ukraine Fund.--Upon the 
President reaching an agreement or arrangement to establish a common 
international compensation mechanism pursuant to subsection (a), the 
Secretary of State shall transfer funds from the Ukraine Support Fund 
established under section 104(c) to the Common Ukraine Fund established 
under subsection (a).
    (c) Notifications.--
            (1) Agreement or arrangement.--The President shall notify 
        the appropriate congressional committees not later than 30 days 
        before entering into any new bilateral or multilateral 
        agreement or arrangement under subsection (a).
            (2) Transfer.--The President shall notify the appropriate 
        congressional committees not later than 30 days before any 
        transfer to the Common Ukraine Fund established under 
        subsection (a).
    (d) Limitation on Transfer of Funds.--No funds may be transferred 
to the Common Ukraine Fund established under subsection (a) unless the 
President certifies to the appropriate congressional committees that--
            (1) the institution housing the Common Ukraine Fund has a 
        plan to ensure transparency and accountability for all funds 
        transferred to and from the Common Ukraine Fund; and
            (2) the President has transmitted the plan required under 
        paragraph (1) to the appropriate congressional committees in 
        writing.
    (e) Joint Resolution of Disapproval.--No funds may be transferred 
to the Common Ukraine Fund established under subsection (a) if, within 
30 days of receipt of the notification required under subsection 
(c)(2), a joint resolution is enacted prohibiting the transfer.
    (f) Report.--Not later than 90 days after the date of the enactment 
of this Act, and not less frequently than every 90 days thereafter, the 
President shall submit to the appropriate congressional committees a 
report that includes the following:
            (1) An accounting of funds in the Common Ukraine Fund 
        established under subsection (a).
            (2) Any information regarding the disposition of the Common 
        Ukraine Fund that has been transmitted to the President by the 
        institution housing the Common Ukraine Fund during the period 
        covered by the report.
            (3) A description of United States multilateral and 
        bilateral diplomatic engagement with allies and partners of the 
        United States that also have immobilized Russian sovereign 
        assets to allow for compensation for Ukraine during the period 
        covered by the report.
            (4) An outline of steps taken to carry out this section 
        during the period covered by the report.

SEC. 106. REPORT ON USE OF CONFISCATED RUSSIAN SOVEREIGN ASSETS FOR 
              RECONSTRUCTION.

    Not later than 90 days after the date of the enactment of this Act, 
and every 90 days thereafter, the Secretary of State, in consultation 
with the Secretary of the Treasury, shall submit to the appropriate 
congressional committees a report that contains--
            (1) the amount and source of Russian sovereign assets 
        confiscated pursuant to subsection (b)(1) of section 104;
            (2) the amount and source of funds deposited into the 
        Ukraine Support Fund under subsection (b)(2) of that section; 
        and
            (3) a detailed description and accounting of how such funds 
        were used to meet the purposes described in subsection (d) of 
        that section.

SEC. 107. ASSESSMENT BY SECRETARY OF STATE AND ADMINISTRATOR OF UNITED 
              STATES AGENCY FOR INTERNATIONAL DEVELOPMENT ON 
              RECONSTRUCTION AND REBUILDING NEEDS OF UKRAINE.

    (a) In General.--Not later than 180 days after the date of the 
enactment of this Act, the Secretary of State, in consultation with the 
Administrator of the United States Agency for International 
Development, shall submit to the appropriate congressional committees 
an assessment of the most pressing needs of Ukraine for reconstruction, 
rebuilding, security assistance, and humanitarian aid.
    (b) Elements.--The assessment required by subsection (a) shall 
include the following:
            (1) An estimate of the rebuilding and reconstruction needs 
        of Ukraine, as of the date of the assessment, resulting from 
        the unlawful invasion of Ukraine by the Russian Federation, 
        including--
                    (A) a description of the sources and methods for 
                the estimate; and
                    (B) an identification of the locations or regions 
                in Ukraine with the most pressing needs.
            (2) An estimate of the humanitarian needs, as of the date 
        of the assessment, of the people of Ukraine, including 
        Ukrainians residing inside the internationally recognized 
        borders of Ukraine or outside those borders, resulting from the 
        unlawful invasion of Ukraine by the Russian Federation.
            (3) An assessment of the extent to which the needs 
        described in paragraphs (1) and (2) have been met or funded, by 
        any source, as of the date of the assessment.
            (4) A plan to engage in robust multilateral and bilateral 
        diplomacy to ensure that allies and partners of the United 
        States, particularly in the European Union as Ukraine seeks 
        accession, increase their commitment to Ukraine's 
        reconstruction.
            (5) An identification of which such needs should be 
        prioritized, including any assessment or request by the 
        Government of Ukraine with respect to the prioritization of 
        such needs.

SEC. 108. EXCEPTION RELATING TO IMPORTATION OF GOODS.

    (a) In General.--The authorities and requirements under this title 
shall not include the authority or a requirement to impose sanctions on 
the importation of goods.
    (b) Good Defined.--In this section, the term ``good'' means any 
article, natural or manmade substance, material, supply, or 
manufactured product, including inspection and test equipment, and 
excluding technical data.

SEC. 109. DEFINITIONS.

    In this title:
            (1) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' means--
                    (A) the Committee on Foreign Relations and the 
                Committee on Banking, Housing, and Urban Affairs of the 
                Senate; and
                    (B) the Committee on Foreign Affairs and the 
                Committee on Financial Services of the House of 
                Representatives.
            (2) Financial institution.--The term ``financial 
        institution'' means a financial institution specified in 
        subparagraph (A), (B), (C), (D), (E), (F), (G), (H), (I), (J), 
        (M), or (Z) of section 5312(a)(2) of title 31, United States 
        Code.
            (3) G7.--The term ``G7'' means the countries that are 
        member of the informal Group of 7, including Canada, France, 
        Germany, Italy, Japan, the United Kingdom, and the United 
        States.
            (4) Russian sovereign asset.--The term ``Russian sovereign 
        asset'' means any of the following:
                    (A) Funds and other property of--
                            (i) the Central Bank of the Russian 
                        Federation;
                            (ii) the Russian Direct Investment Fund; or
                            (iii) the Ministry of Finance of the 
                        Russian Federation.
                    (B) Any sovereign funds of the Russian Federation 
                held in a financial institution that is wholly owned or 
                controlled by the Government of the Russian Federation.
                    (C) Any other funds or other property wholly owned 
                or controlled by the Government of the Russian 
                Federation, including by any subdivision, agency, or 
                instrumentality of that government.
            (5) United states.--The term ``United States'' means the 
        several States, the District of Columbia, the Commonwealth of 
        Puerto Rico, the Commonwealth of the Northern Mariana Islands, 
        American Samoa, Guam, the United States Virgin Islands, and any 
        other territory or possession of the United States.
            (6) United states financial institution.--The term ``United 
        States financial institution'' means a financial institution 
        organized under the laws of the United States or of any 
        jurisdiction within the United States, including a foreign 
        branch of such an institution.

             TITLE II--MULTILATERAL SANCTIONS COORDINATION

SEC. 201. STATEMENT OF POLICY REGARDING COORDINATION OF MULTILATERAL 
              SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION.

    (a) In General.--In response to the Russian Federation's unprovoked 
and illegal invasion of Ukraine, it is the policy of the United States 
that--
            (1) the United States, along with the European Union, the 
        G7, Australia, and other willing allies and partners of the 
        United States, should lead a coordinated international 
        sanctions regime to freeze sovereign assets of the Russian 
        Federation;
            (2) the head of the Office of Sanctions Coordination of the 
        Department of State should engage in interagency and 
        multilateral coordination with agencies of the European Union, 
        the G7, Australia, and other allies and partners of the United 
        States to ensure the ongoing implementation and enforcement of 
        sanctions with respect to the Russian Federation in response to 
        its invasion of Ukraine;
            (3) the Secretary of State, in consultation with the 
        Secretary of the Treasury, should, to the extent practicable 
        and consistent with relevant United States law, lead and 
        coordinate with the European Union, the G7, Australia, and 
        other allies and partners of the United States with respect to 
        enforcement of sanctions imposed with respect to the Russian 
        Federation;
            (4) the United States should provide relevant technical 
        assistance, implementation guidance, and support relating to 
        enforcement and implementation of sanctions imposed with 
        respect to the Russian Federation;
            (5) where appropriate, the head of the Office of Sanctions 
        Coordination, in coordination with the Bureau of Economic and 
        Business Affairs and the Bureau of European and Eurasian 
        Affairs of the Department of State and the Department of the 
        Treasury, should seek private sector input regarding sanctions 
        policy with respect to the Russian Federation and the 
        implementation of and compliance with such sanctions imposed 
        with respect to the Russian Federation; and
            (6) the Secretary of State, in coordination with the 
        Secretary of the Treasury, should continue robust diplomatic 
        engagement with allies and partners of the United States, 
        including the European Union, the G7, and Australia, to 
        encourage such allies and partners to impose such sanctions.
    (b) Authorization of Appropriations.--
            (1) In general.--There is authorized to be appropriated to 
        the Office of Sanctions Coordination of the Department of State 
        $15,000,000 for each of fiscal years 2024, 2025, and 2026 to 
        carry out this section.
            (2) Supplement not supplant.--The amounts authorized to be 
        appropriated by paragraph (1) shall supplement and not supplant 
        other amounts authorized to be appropriated for the Office of 
        Sanctions Coordination.

SEC. 202. ASSESSMENT OF IMPACT OF UKRAINE-RELATED SANCTIONS ON THE 
              ECONOMY OF THE RUSSIAN FEDERATION.

    (a) Report and Briefings.--At the times specified in subsection 
(b), the President shall submit a report and provide a briefing to the 
appropriate congressional committees on the impact on the economy of 
the Russian Federation of sanctions imposed by the United States and 
other countries with respect to the Russian Federation in response to 
the unlawful invasion of Ukraine by the Russian Federation.
    (b) Timing.--The President shall--
            (1) submit a report and provide a briefing described in 
        subsection (a) to the appropriate congressional committees not 
        later than 90 days after the date of the enactment of this Act; 
        and
            (2) submit to the appropriate congressional committees a 
        report described in subsection (a) every 180 days thereafter 
        until the date that is 5 years after such date of enactment.
    (c) Elements.--Each report required by this section shall include--
            (1) an assessment of--
                    (A) the impacts of the sanctions described in 
                subsection (a), disaggregated by major economic sector, 
                including the energy, aerospace and defense, shipping, 
                banking, and financial sectors;
                    (B) the macroeconomic impact of those sanctions on 
                Russian, European, and global economy market trends, 
                including shifts in global markets as a result of those 
                sanctions; and
                    (C) efforts by other countries or actors and 
                offshore financial providers to facilitate sanctions 
                evasion by the Russian Federation or take advantage of 
                gaps in international markets resulting from the 
                international sanctions regime in place with respect to 
                the Russian Federation; and
            (2) recommendations for further sanctions enforcement 
        measures based on trends described in paragraph (1)(B).

SEC. 203. INFORMATION ON VOTING PRACTICES IN THE UNITED NATIONS WITH 
              RESPECT TO THE INVASION OF UKRAINE BY THE RUSSIAN 
              FEDERATION.

    Section 406(b) of the Foreign Relations Authorization Act, Fiscal 
Years 1990 and 1991 (22 U.S.C. 2414a(b)), is amended--
            (1) in paragraph (4), by striking ``Assembly on'' and all 
        that follows through ``opposed by the United States'' and 
        inserting the following: ``Assembly on--
                    ``(A) resolutions specifically related to Israel 
                that are opposed by the United States; and
                    ``(B) resolutions specifically related to the 
                invasion of Ukraine by the Russian Federation.'';
            (2) in paragraph (5), by striking ``; and'' and inserting a 
        semicolon;
            (3) by redesignating paragraph (6) as paragraph (7); and
            (4) by inserting after paragraph (5) the following:
            ``(6) an analysis and discussion, prepared in consultation 
        with the Secretary of State, of the extent to which member 
        countries supported United States policy objectives in the 
        Security Council and the General Assembly with respect to the 
        invasion of Ukraine by the Russian Federation; and''.
                                 <all>