A bill to authorize the confiscation of assets of the Russian Federation and the use of such assets to offset costs to the United States of assistance to Ukraine.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-749.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · May 19, 2022
This bill requires the President to seize Russian government funds that are subject to U.S. jurisdiction. The confiscated funds must be deposited in the Treasury to offset the costs of FY2022 emergency supplemental appropriations that were provided for assistance in Ukraine.
Source last updated: May 27, 2026. Consult Congress.gov for the current record.
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