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REPO for Ukrainians Act

USA118th CongressHR-4175| House 
| Updated: 11/7/2023
Michael T. McCaul

Michael T. McCaul

Republican Representative

Texas

Cosponsors (91)
David Schweikert (Republican)Donald Norcross (Democratic)Marcy Kaptur (Democratic)John Garamendi (Democratic)Trent Kelly (Republican)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Adam B. Schiff (Democratic)Gabe Amo (Democratic)Robin L. Kelly (Democratic)Richard McCormick (Republican)Ashley Hinson (Republican)Brett Guthrie (Republican)Marie Gluesenkamp Perez (Democratic)Robert Menendez (Democratic)Steve Womack (Republican)Neal P. Dunn (Republican)Carlos A. Gimenez (Republican)Bill Foster (Democratic)Robert J. Wittman (Republican)Keith Self (Republican)Greg Landsman (Democratic)Stephanie I. Bice (Republican)Mariannette Miller-Meeks (Republican)Ken Buck (Republican)Dina Titus (Democratic)Pete Sessions (Republican)David Rouzer (Republican)Steve Cohen (Democratic)John James (Republican)Thomas R. Suozzi (Democratic)Adriano Espaillat (Democratic)Nathaniel Moran (Republican)Jake Auchincloss (Democratic)J. French Hill (Republican)Ted Lieu (Democratic)Rudy Yakym (Republican)Maria Elvira Salazar (Republican)Lloyd Smucker (Republican)Thomas H. Kean (Republican)Sheila Cherfilus-McCormick (Democratic)Daniel Meuser (Republican)Don Bacon (Republican)Christopher H. Smith (Republican)James R. Baird (Republican)Carol D. Miller (Republican)Joe Wilson (Republican)Doug Lamborn (Republican)Joseph D. Morelle (Democratic)Pat Fallon (Republican)Jake Ellzey (Republican)Ann Wagner (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Daniel S. Goldman (Democratic)John R. Moolenaar (Republican)John H. Rutherford (Republican)Eleanor Holmes Norton (Democratic)Henry Cuellar (Democratic)Brandon Williams (Republican)Jamie Raskin (Democratic)Jim Costa (Democratic)Mark E. Amodei (Republican)Mike Quigley (Democratic)Sean Casten (Democratic)Tony Gonzales (Republican)Aumua Amata Coleman Radewagen (Republican)Sam Graves (Republican)Michael R. Turner (Republican)Michelle Steel (Republican)Julia Brownley (Democratic)William R. Keating (Democratic)Seth Magaziner (Democratic)John W. Rose (Republican)Rick Larsen (Democratic)Dan Crenshaw (Republican)Brian K. Fitzpatrick (Republican)Max L. Miller (Republican)Randy Feenstra (Republican)Juan Ciscomani (Republican)Chuck Edwards (Republican)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Michael Lawler (Republican)Jenniffer González-Colón (Republican)Jason Crow (Democratic)Lloyd Doggett (Democratic)Jennifer A. Kiggans (Republican)Susan Wild (Democratic)Bryan Steil (Republican)Mike Levin (Democratic)

Foreign Affairs Committee, Rules Committee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act This bill requires or authorizes various actions related to the confiscation and disposition of Russian sovereign assets (which include funds and other property of Russia's central bank, direct investment fund, or ministry of finance). Under the bill, the President must require U.S. financial institutions to notify the Department of the Treasury of any Russian sovereign assets located at such institutions. The President may confiscate any such assets subject to U.S. jurisdiction. Confiscated funds and the proceeds of liquidated property must be deposited into the Ukraine Support Fund established by the bill. The Ukraine Support Fund shall be used by the Department of State to compensate Ukraine for damages caused by the Russian invasion. The Ukraine Support Fund may also support an international body or mechanism for (1) reconstruction and rebuilding efforts in Ukraine, (2) humanitarian assistance to the Ukrainian people, or (3) other purposes which support the recovery of Ukraine and the welfare of the Ukrainian people. The bill also directs the President to seek to establish, with foreign partners, an international mechanism to provide compensation to Ukraine using the Ukraine Support Fund and Russian sovereign assets confiscated by foreign partners. Additionally, the bill sets policy on related topics, such as specifying that the United States should lead an international sanctions regime to freeze Russian sovereign assets in conjunction with allies and partners.
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Timeline
Jun 15, 2023
Introduced in House
Jun 15, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Rules, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 7, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 2.
Nov 7, 2023
Committee Consideration and Mark-up Session Held
Apr 9, 2024

Latest Companion Bill Action

S 118-2003
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • June 15, 2023
    Introduced in House


  • June 15, 2023
    Referred to the Committee on Foreign Affairs, and in addition to the Committees on Rules, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • November 7, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 2.


  • November 7, 2023
    Committee Consideration and Mark-up Session Held


  • April 9, 2024

    Latest Companion Bill Action

    S 118-2003
    Committee on Banking, Housing, and Urban Affairs. Hearings held.

International Affairs

Related Bills

  • S 118-2003: REPO for Ukrainians Act
Bank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightEuropeGovernment trust fundsPresidents and presidential powers, Vice PresidentsRussiaSanctionsUkraineU.S. and foreign investments

REPO for Ukrainians Act

USA118th CongressHR-4175| House 
| Updated: 11/7/2023
Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act This bill requires or authorizes various actions related to the confiscation and disposition of Russian sovereign assets (which include funds and other property of Russia's central bank, direct investment fund, or ministry of finance). Under the bill, the President must require U.S. financial institutions to notify the Department of the Treasury of any Russian sovereign assets located at such institutions. The President may confiscate any such assets subject to U.S. jurisdiction. Confiscated funds and the proceeds of liquidated property must be deposited into the Ukraine Support Fund established by the bill. The Ukraine Support Fund shall be used by the Department of State to compensate Ukraine for damages caused by the Russian invasion. The Ukraine Support Fund may also support an international body or mechanism for (1) reconstruction and rebuilding efforts in Ukraine, (2) humanitarian assistance to the Ukrainian people, or (3) other purposes which support the recovery of Ukraine and the welfare of the Ukrainian people. The bill also directs the President to seek to establish, with foreign partners, an international mechanism to provide compensation to Ukraine using the Ukraine Support Fund and Russian sovereign assets confiscated by foreign partners. Additionally, the bill sets policy on related topics, such as specifying that the United States should lead an international sanctions regime to freeze Russian sovereign assets in conjunction with allies and partners.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 15, 2023
Introduced in House
Jun 15, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committees on Rules, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 7, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 2.
Nov 7, 2023
Committee Consideration and Mark-up Session Held
Apr 9, 2024

Latest Companion Bill Action

S 118-2003
Committee on Banking, Housing, and Urban Affairs. Hearings held.
  • June 15, 2023
    Introduced in House


  • June 15, 2023
    Referred to the Committee on Foreign Affairs, and in addition to the Committees on Rules, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.


  • November 7, 2023
    Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 2.


  • November 7, 2023
    Committee Consideration and Mark-up Session Held


  • April 9, 2024

    Latest Companion Bill Action

    S 118-2003
    Committee on Banking, Housing, and Urban Affairs. Hearings held.
Michael T. McCaul

Michael T. McCaul

Republican Representative

Texas

Cosponsors (91)
David Schweikert (Republican)Donald Norcross (Democratic)Marcy Kaptur (Democratic)John Garamendi (Democratic)Trent Kelly (Republican)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Adam B. Schiff (Democratic)Gabe Amo (Democratic)Robin L. Kelly (Democratic)Richard McCormick (Republican)Ashley Hinson (Republican)Brett Guthrie (Republican)Marie Gluesenkamp Perez (Democratic)Robert Menendez (Democratic)Steve Womack (Republican)Neal P. Dunn (Republican)Carlos A. Gimenez (Republican)Bill Foster (Democratic)Robert J. Wittman (Republican)Keith Self (Republican)Greg Landsman (Democratic)Stephanie I. Bice (Republican)Mariannette Miller-Meeks (Republican)Ken Buck (Republican)Dina Titus (Democratic)Pete Sessions (Republican)David Rouzer (Republican)Steve Cohen (Democratic)John James (Republican)Thomas R. Suozzi (Democratic)Adriano Espaillat (Democratic)Nathaniel Moran (Republican)Jake Auchincloss (Democratic)J. French Hill (Republican)Ted Lieu (Democratic)Rudy Yakym (Republican)Maria Elvira Salazar (Republican)Lloyd Smucker (Republican)Thomas H. Kean (Republican)Sheila Cherfilus-McCormick (Democratic)Daniel Meuser (Republican)Don Bacon (Republican)Christopher H. Smith (Republican)James R. Baird (Republican)Carol D. Miller (Republican)Joe Wilson (Republican)Doug Lamborn (Republican)Joseph D. Morelle (Democratic)Pat Fallon (Republican)Jake Ellzey (Republican)Ann Wagner (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Daniel S. Goldman (Democratic)John R. Moolenaar (Republican)John H. Rutherford (Republican)Eleanor Holmes Norton (Democratic)Henry Cuellar (Democratic)Brandon Williams (Republican)Jamie Raskin (Democratic)Jim Costa (Democratic)Mark E. Amodei (Republican)Mike Quigley (Democratic)Sean Casten (Democratic)Tony Gonzales (Republican)Aumua Amata Coleman Radewagen (Republican)Sam Graves (Republican)Michael R. Turner (Republican)Michelle Steel (Republican)Julia Brownley (Democratic)William R. Keating (Democratic)Seth Magaziner (Democratic)John W. Rose (Republican)Rick Larsen (Democratic)Dan Crenshaw (Republican)Brian K. Fitzpatrick (Republican)Max L. Miller (Republican)Randy Feenstra (Republican)Juan Ciscomani (Republican)Chuck Edwards (Republican)Josh Gottheimer (Democratic)Linda T. Sánchez (Democratic)Michael Lawler (Republican)Jenniffer González-Colón (Republican)Jason Crow (Democratic)Lloyd Doggett (Democratic)Jennifer A. Kiggans (Republican)Susan Wild (Democratic)Bryan Steil (Republican)Mike Levin (Democratic)

Foreign Affairs Committee, Rules Committee, Financial Services Committee

International Affairs

Related Bills

  • S 118-2003: REPO for Ukrainians Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightEuropeGovernment trust fundsPresidents and presidential powers, Vice PresidentsRussiaSanctionsUkraineU.S. and foreign investments