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US S2003

US S2003
REPO for Ukrainians Act Rebuilding Economic Prosperity and Opportunity for Ukrainians Act


summary

Introduced
06/15/2023
In Committee
01/24/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to authorize the Secretary of State to provide additional assistance to Ukraine using assets confiscated from the Central Bank of the Russian Federation and other sovereign assets of the Russian Federation, and for other purposes.

AI Summary

This bill, the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act, would authorize the Secretary of State to provide additional assistance to Ukraine using assets confiscated from the Central Bank of the Russian Federation and other Russian sovereign assets. The bill includes provisions to seize, confiscate, and transfer Russian sovereign assets to an Ukraine Support Fund that can be used for the reconstruction and rebuilding of Ukraine. It also establishes an international mechanism to compensate Ukraine for damages from Russia's invasion, and includes provisions to enhance multilateral coordination and counter malign Russian activities. Additionally, the bill recognizes Russia's actions in Ukraine as genocide under international law.

Committee Categories

Government Affairs

Sponsors (28)

Last Action

Committee on Banking, Housing, and Urban Affairs. Hearings held. (on 04/09/2024)

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