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United States · Bill · S

S. 2003 (118th)

REPO for Ukrainians Act

openUnited States· United States Congress· EN

Introduced

15 June 2023

Last action

9 April 2024 · Committee

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-550.

Sponsors

Sen. Risch, James E. [R-ID], Sen. Whitehouse, Sheldon [D-RI], Sen. Blumenthal, Richard [D-CT], Sen. Wicker, Roger F. [R-MS], Sen. Ricketts, Pete [R-NE], Sen. Graham, Lindsey [R-SC], Sen. Kelly, Mark [D-AZ], Sen. Manchin, Joe, III [D-WV], Sen. Britt, Katie Boyd [R-AL], Sen. Fetterman, John [D-PA], Sen. Grassley, Chuck [R-IA], Sen. Bennet, Michael F. [D-CO], Sen. Braun, Mike [R-IN], Sen. Welch, Peter [D-VT], Sen. Hickenlooper, John W. [D-CO], Sen. Scott, Rick [R-FL], Sen. Young, Todd [R-IN], Sen. Hirono, Mazie K. [D-HI], Sen. Cortez Masto, Catherine [D-NV], Sen. Cruz, Ted [R-TX], Sen. Cornyn, John [R-TX], Sen. Shaheen, Jeanne [D-NH], Sen. Coons, Christopher A. [D-DE], Sen. Crapo, Mike [R-ID], Sen. Reed, Jack [D-RI], Sen. Kennedy, John [R-LA], Sen. Hassan, Margaret Wood [D-NH], Sen. Casey, Robert P., Jr. [D-PA]

Subjects

Discovery layer

Source updated

30 May 2026

Official sourceDownload fileView documentsShare

Summary

Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act This bill requires or authorizes various actions related to the confiscation and disposition of Russian sovereign assets (which include funds and other property of Russia's central bank, direct investment fund, or ministry of finance). Under the bill, the President must require U.S. financial institutions to notify the Department of the Treasury of any Russian sovereign assets located at such institutions. The President may confiscate any such assets subject to U.S. jurisdiction. Confiscated funds and the proceeds of liquidated property must be deposited into the Ukraine Support Fund established by the bill. The Ukraine Support Fund shall be available to the Department of State only to compensate Ukraine for damages caused by the Russian invasion, including by providing funds to an international body or mechanism for (1) reconstruction and rebuilding efforts in Ukraine, (2) humanitarian assistance to the Ukrainian people, or (3) other purposes which support the recovery of Ukraine and the welfare of the Ukrainian people. The bill also directs the President to seek to establish, with foreign partners, an international mechanism to provide compensation to Ukraine using the Ukraine Support Fund and Russian sovereign assets confiscated by foreign partners. Additionally, the bill sets policy on related topics, such as specifying that the United States should lead an international sanctions regime to freeze Russian sovereign assets in conjunction with allies and partners.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 15 June 2023

    Introduced

    Read twice and referred to the Committee on Foreign Relations.

    Source: IntroReferral

  2. 15 June 2023

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 24 January 2024

    Reported

    Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  4. 30 January 2024

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 316.

    Source: Calendars

  5. 30 January 2024

    Reported

    Committee on Foreign Relations. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.

    Source: Committee

  6. 30 January 2024

    Reported

    Committee on Foreign Relations. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.

    Source: Committee

  7. 9 April 2024

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-550.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

5 official files

Reported to Senate (text)

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  • Reported to Senate (text)

    Reported to Senate · EN · 30 January 2024

    ViewDownloadOpen at official source

  • Reported to Senate (PDF)

    Reported to Senate · EN · 30 January 2024

    ViewDownloadOpen at official source

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 15 June 2023

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 15 June 2023

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  • Introduced in Senate

    summary · EN · 15 June 2023

    Open at official source

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Sponsors

Related records

Sources

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