HR 5925
118th Congress
House
International Affairs
Make Putin Pay Act
Introduced: October 11, 2023
Introduced by:
McCormick, Richard
Republican
· Georgia
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 25, 2023
Referred to the House Committee on Foreign Affairs.
Oct 11, 2023
Introduced in House
Plain-English summary
Make Putin Pay Act
This bill authorizes the Department of the Treasury to seize and confiscate assets subject to the jurisdiction of the United States that are (1) blocked due to the imposition of sanctions on persons linked to Russian President Putin, or (2) Russian sovereign assets or owned by the Russian central bank. Proceeds from the sale of seized or confiscated assets will be made available to reimburse the United States for expenses related to the Russia-Ukraine conflict.
Treasury must periodically report to Congress on the amount of proceeds obtained from the sale of seized and confiscated assets.
What's happening now
Referred to the House Committee on Foreign Affairs.
Committees of jurisdiction
1