United States · Bill · S
S. 3838 (117th)
Asset Seizure for Ukraine Reconstruction Act
Introduced
15 March 2022
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
7 April 2025
Summary
Asset Seizure for Ukraine Reconstruction Act This bill authorizes the President to confiscate the property of certain foreign persons (i.e., individuals or entities) that derive wealth through political support for or corruption linked to Russian President Vladimir Putin. The President may also liquidate the confiscated property and use the resulting funds to provide assistance to Ukraine. Specifically, upon a declaration of a national emergency relating to Russia's invasion of Ukraine, the President may confiscate the property of such a person if (1) the property is valued at more than $2 million; and (2) the person is subject to U.S. sanctions relating to corruption, human rights violations, Russia's malign influence, or conflicts in Ukraine.
This text is taken from the official record. PoliticalRepo does not editorialize.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 15 March 2022
Introduced in Senate (PDF)
Introduced in Senate · EN · 15 March 2022
Introduced in Senate
summary · EN · 15 March 2022
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3838
- Open data entity: https://api.congress.gov/v3/bill/117/s/3838