[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3913 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 3913

 To authorize the Director of the Office of Foreign Assets Control of 
 the Department of the Treasury to use a portion of the amounts seized 
   through the enforcement of sanctions to recover the costs of such 
                              enforcement.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 12, 2024

   Mr. Rubio introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
 To authorize the Director of the Office of Foreign Assets Control of 
 the Department of the Treasury to use a portion of the amounts seized 
   through the enforcement of sanctions to recover the costs of such 
                              enforcement.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Sanctions Recovery Act of 2024''.

SEC. 2. USE OF PORTION OF FOREIGN ASSETS SEIZED THROUGH SANCTIONS 
              ENFORCEMENT TO RECOVER COSTS.

    (a) In General.--The Director of the Office of Foreign Assets 
Control of the Department of the Treasury may deposit into the programs 
account of the Office of Foreign Assets Control an amount equal to 5 
percent of any foreign assets seized through the enforcement of 
sanctions imposed by the United States.
    (b) Use of Amounts.--The Director of the Office of Foreign Assets 
Control may use amounts deposited into the programs account under 
subsection (a) for the same purposes as amounts appropriated to that 
account.
    (c) Availability.--Amounts deposited under subsection (a) shall be 
available until expended.
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