[Congressional Record Volume 170, Number 90 (Thursday, May 23, 2024)]
[House]
[Page H3512]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       IMPLEMENTING THE REPO ACT

  (Ms. KAPTUR asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. KAPTUR. Mr. Speaker, I rise today to address a matter of profound 
importance: the implementation of the bipartisan and bicameral REPO 
Act.
  This legislation, signed into law on April 24, grants the President 
the authority to seize Russian sovereign assets frozen in the United 
States and transfer them to Ukraine for its reconstruction.
  As co-chair and cofounder of the Ukraine Caucus, I cannot overstate 
the urgency of this action.
  Russia's illegal and unprovoked full-scale invasion of Ukraine 
demands a decisive response from the international community. By 
swiftly implementing the REPO Act, we can provide crucial support to 
Ukraine. REPO proceeds will demonstrate our unwavering commitment to 
Ukraine's sovereignty and efforts to rebuild once the war is over.
  Let me commend the administration's efforts to collaborate with our 
G7 and European allies in this endeavor.
  Together, we can establish an international compensation mechanism 
that leverages frozen Russian assets for Ukraine's benefit.
  The time to act is now. Let us show the world America's resolve and 
stand resolute with Ukraine against Putin's aggression and tyranny.

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