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United States · Bill · HR

H.R. 6416 (118th)

Russian War Crimes in Ukraine Tax Act

reportedUnited States· United States Congress· EN

Introduced

15 November 2023

Last action

Status

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 5.

Sponsors

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Discovery layer

Source updated

27 May 2025

Summary

Russian War Crimes in Ukraine Tax Act This bill imposes a 100% excise tax on certain assets of Russia and Belarus that have been frozen in connection with the invasion of Ukraine. The bill establishes the Ukraine Reconstruction Trust Fund to hold tax revenues generated by this bill. Such revenues shall be used for the benefit of Ukraine, including reconstruction and rebuilding efforts, humanitarian assistance, and the fostering of long-term economic growth. The Department of State must direct the U.S. Permanent Representative to the United Nations to use U.S. influence to encourage the transfer of capital gains on Russian sovereign assets to Ukraine.

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3 official files

Introduced in House (text)

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