Bill > S2918

This bill, the REPO Implementation Act of 2025, amends the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to improve the process of seizing and utilizing Russian sovereign assets for Ukraine's benefit. The bill recognizes a July 2025 declaration by the Organization for Security and Cooperation in Europe (OSCE) that calls for unlocking approximately $300 billion in frozen Russian assets. It allows the President to transfer Russian sovereign assets into the Ukraine Support Fund without necessarily confiscating them, and requires the Secretary of the Treasury to invest these funds in interest-bearing U.S. obligations. The bill mandates that at least $250 million be obligated from the fund to assist Ukraine every 90 days, and requires the President to submit reports detailing the location, amount, and status of Russian sovereign assets in various countries. Additionally, the bill calls for diplomatic efforts to persuade G7 and EU countries to repurpose at least 5% of Russian assets quarterly for Ukraine's benefit. The legislation also makes several technical corrections to the original act, clarifying language and referencing specific sections. These provisions aim to provide sustained financial support for Ukraine while addressing the economic consequences of the ongoing conflict with Russia.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/2918/all-info