Bill > S1905

This bill, the Transferring Illicit Assets to Ukraine Act of 2023, aims to expand the categories of forfeited property that can be used to address the harms caused by Russian aggression towards Ukraine. The key provisions of the bill include: 1. Amending the Additional Ukraine Supplemental Appropriations Act, 2023 to broaden the definition of forfeited property that can be transferred to remediate harms to Ukraine, including property belonging to, possessed by, or controlled by persons subject to U.S. sanctions on Russia, property involved in violations of U.S. export restrictions related to Russia, Belarus, Crimea, or the Donetsk and Luhansk regions of Ukraine, and property involved in related federal offenses. 2. Requiring the Attorney General, in consultation with the Secretaries of the Treasury and State, to submit semiannual reports to Congress on the transfers made under the amended authority and the progress in remediating the harms of Russian aggression towards Ukraine. 3. Requiring the Attorney General, in consultation with the Secretaries of the Treasury and State, to submit a plan for using the amended authority to the appropriate congressional committees within 30 days of the bill's enactment. The bill aims to provide additional resources and tools to support Ukraine in the wake of Russia's invasion and aggression.

Government Affairs

https://www.congress.gov/bill/118th-congress/senate-bill/1905/all-info