[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 536 Introduced in Senate (IS)]

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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.


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                   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, Housing, 
                           and Urban Affairs

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                                 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.

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

SECTION 1. CONFISCATION OF ASSETS OF RUSSIAN FEDERATION; USE TO OFFSET 
              COSTS TO UNITED STATES OF AID TO UKRAINE.

    (a) In General.--The President shall--
            (1) confiscate, through instructions or licenses or in such 
        other manner as the President determines appropriate, funds of 
        the Government of the Russian Federation that are subject to 
        the jurisdiction of the United States; and
            (2) deposit funds confiscated under paragraph (1) in the 
        general fund of the Treasury to offset the costs of amounts 
        appropriated by any Act making emergency supplemental 
        appropriations for assistance for the situation in Ukraine for 
        the fiscal year ending September 30, 2023.
    (b) Vesting.--All right, title, and interest in funds confiscated 
under subsection (a) shall vest in the Government of the United States.
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