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Bill117th CongressFiled Mar 3, 2022International Affairs
H.R. 6930

Asset Seizure for Ukraine Reconstruction Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Apr 27, 2022)

Asset Seizure for Ukraine Reconstruction Act

This bill establishes a working group to determine the legal mechanisms that may be used to seize assets belonging to certain foreign persons (i.e., individuals and entities) affiliated with Russia's political leadership and addresses related issues.

The interagency working group must determine the constitutional mechanisms by which the President may take steps to seize and confiscate assets belonging to any sanctioned foreign person whose wealth is derived through support for or corruption related to the regime of Russian president Vladimir Putin. The working group must report to Congress on certain issues including (1) recommendations to impose additional energy-related sanctions on Russia's government, and (2) any additional authorities the President needs to take steps to seize and confiscate the assets.

The President must report to Congress a determination as to whether to expand existing sanctions related to certain Russian government activities to cover additional persons.

What just happenedApr 28, 2022

Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

Who’s behind it

Rep. Malinowski, Tom [D-NJ-7](D-NJ)Sponsor
18 cosponsors10 D8 R
Read on Congress.gov
18cosponsors2committees14actions20subjects
  1. Apr 28, 2022IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Foreign Relations.

    Foreign Relations Committee
  2. Apr 27, 2022FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Apr 27, 2022FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 8 (Roll no. 130). (text: CR H4530-4531)

  4. Apr 27, 2022Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 8 (Roll no. 130).

  5. Apr 27, 2022FloorH30000

    Considered as unfinished business. (consideration: CR H4554-4555)

  6. Apr 27, 2022FloorH37220

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  7. Apr 27, 2022FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 6930.

  8. Apr 27, 2022FloorH30000

    Considered under suspension of the rules. (consideration: CR H4530-4532)

  9. Apr 27, 2022FloorH30300

    Mr. Phillips moved to suspend the rules and pass the bill, as amended.

  10. Apr 5, 2022Committee

    Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.

    Foreign Affairs Committee
  11. Apr 5, 2022Committee

    Committee Consideration and Mark-up Session Held.

    Foreign Affairs Committee
  12. Mar 3, 2022IntroReferralH11100

    Referred to the House Committee on Foreign Affairs.

    Foreign Affairs Committee
  13. Mar 3, 2022IntroReferralIntro-H

    Introduced in House

  14. Mar 3, 2022IntroReferral1000

    Introduced in House

Passed HouseApr 27, 202253

Asset Seizure for Ukraine Reconstruction Act

This bill establishes a working group to determine the legal mechanisms that may be used to seize assets belonging to certain foreign persons (i.e., individuals and entities) affiliated with Russia's political leadership and addresses related issues.

The interagency working group must determine the constitutional mechanisms by which the President may take steps to seize and confiscate assets belonging to any sanctioned foreign person whose wealth is derived through support for or corruption related to the regime of Russian president Vladimir Putin. The working group must report to Congress on certain issues including (1) recommendations to impose additional energy-related sanctions on Russia's government, and (2) any additional authorities the President needs to take steps to seize and confiscate the assets.

The President must report to Congress a determination as to whether to expand existing sanctions related to certain Russian government activities to cover additional persons.

Introduced in HouseMar 3, 2022

Asset Seizure for Ukraine Reconstruction Act

This bill authorizes the President to, subject to certain conditions, seize assets belonging to a foreign person whose wealth is derived in part through political support for or corruption linked to Russian President Vladimir Putin.

Specifically, for two years starting from this bill's enactment, the President may seize such assets if (1) Russia remains engaged in a conflict of territorial conquest in Ukraine; (2) the President has imposed sanctions on the owner of the assets for reasons related to corruption, human rights violations, malign influence, or conflicts in Ukraine; and (3) the assets are valued at over $5 million.

Such seized assets may be liquidated, and the resulting funds may only be used for specified purposes, including (1) the post-conflict reconstruction of Ukraine, (2) humanitarian assistance and refugee support for the Ukrainian people, (3) weapons for Ukraine's uniformed military forces, and (4) humanitarian and development assistance for the Russian people.

Asset Seizure for Ukraine Reconstruction Act — Informed