[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6930 Engrossed in House (EH)]
<DOC>
117th CONGRESS
2d Session
H. R. 6930
_______________________________________________________________________
AN ACT
To authorize the confiscation of assets subject to United States
jurisdiction of certain foreign persons, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Asset Seizure for Ukraine
Reconstruction Act''.
SEC. 2. SENSE OF CONGRESS.
It is the sense of Congress as follows:
(1) The President should take all constitutional steps to
seize and confiscate assets under the jurisdiction of the
United States of foreign persons whose wealth is derived in
part through corruption linked to or political support for the
regime of Russian President Vladimir Putin and with respect to
which the President has imposed sanctions.
(2) The President, by means of instructions, licenses, or
other regulations as may be promulgated and in a manner
consistent with due process of law, should confiscate any
property or accounts subject to the jurisdiction of the United
States, valued over $2,000,000, and belonging to Russian energy
companies or to foreign persons whose wealth is derived in part
through corruption linked to or political support for the
regime of Russian President Vladimir Putin and with respect to
which the President has imposed sanctions.
(3) All rights, title, and interest in any property so
confiscated should vest, upon the terms directed by the
President, in such agency or person as the President may
designate from time to time, and upon such terms and conditions
as the President may prescribe.
(4) Such interest or property should be held, used,
administered, liquidated, or sold, by such agency or person and
such designated agency or person should perform any and all
acts incident to the accomplishment or furtherance of these
purposes.
(5) The President should use all liquidated funds for the
benefit of the people of Ukraine, including for the following:
(A) Post-conflict reconstruction in Ukraine.
(B) Humanitarian assistance.
(C) United States government assistance provided to
the security forces of the government of Ukraine.
(D) Provisions to support refugees and refugee
resettlement in neighboring countries and in the United
States.
(E) Technology items and services to ensure the
free flow of information to the Ukrainian people in
Ukraine, including items to counter internet censorship
by Russian authorities, to circumvent efforts to shut
down internet or communication services by Russian
authorities and bolster the cybersecurity capabilities
of Ukrainian Government or non-governmental
organizations.
(F) Humanitarian and development assistance for the
Russian people, including democracy and human rights
programming and monitoring.
SEC. 3. INTERAGENCY WORKING GROUP.
The President shall establish an interagency working group, which
shall be headed by the Secretary of State, to determine the
constitutional mechanisms through which the President can take steps to
seize and confiscate assets under the jurisdiction of the United States
of foreign persons whose wealth is derived in part through corruption
linked to or political support for the regime of Russian President
Vladimir Putin and with respect to which the President has imposed
sanctions.
SEC. 4. REPORT ON STEPS AND AUTHORITIES.
Not later than 60 days after the date of the enactment of this Act,
the Secretary of State, on behalf of the interagency working group,
shall submit to the Committee on Foreign Affairs of the House of
Representatives and the Committee on Foreign Relations of the Senate a
report about the steps taken by the interagency working group to
accomplish the steps laid out in section 2, a report that includes any
recommendations to impose additional energy-related sanctions on the
Government of Russia, and a report on any additional authorities the
President needs to take such steps.
SEC. 5. EXPANSION OF SANCTIONS WITH RESPECT TO MEMBERS OF THE RUSSIAN
PARLIAMENT.
Not later than 30 days after the date of the enactment of this Act,
the President shall submit to the Committee on Foreign Affairs of the
House of Representatives and the Committee on Foreign Relations of the
Senate a report, which may be submitted in classified form if
necessary, that contains a justification for any determination of
whether or not, in addition to the sanctions imposed pursuant to
Executive Order 14024 (86 Fed. Reg. 73; relating to blocking property
with respect to specified 11 harmful foreign activities of the
Government of the Russian Federation), imposing sanctions on 328
members of the Russian State Duma, a determination as to whether
remaining members of the Duma and the Russian Federation Council, which
includes officials who may be involved in corrupt and other
sanctionable activities, who voted on February 22, 2022, to recognize
the Donetsk People's Republic (DPR) and the Luhansk People's Republic
(LPR), as well as the Russian Federation Council in its entirety,
should be subject to sanctions under the such Executive Order.
SEC. 6. DETERMINATION OF BUDGETARY EFFECTS.
The budgetary effects of this Act, for the purpose of complying
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by
reference to the latest statement titled ``Budgetary Effects of PAYGO
Legislation'' for this Act, submitted for printing in the Congressional
Record by the Chairman of the House Budget Committee, provided that
such statement has been submitted prior to the vote on passage.
Passed the House of Representatives April 27, 2022.
Attest:
Clerk.
117th CONGRESS
2d Session
H. R. 6930
_______________________________________________________________________
AN ACT
To authorize the confiscation of assets subject to United States
jurisdiction of certain foreign persons, and for other purposes.