Russian War Crimes in Ukraine Tax Act
Official title: To amend the Internal Revenue Code of 1986 to impose certain tax penalties in connection with the invasion of Ukraine.
More subjectsShow fewer subjects
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 5.
Russian War Crimes in Ukraine Tax Act
This bill imposes a 100% excise tax on certain assets of Russia and Belarus that have been frozen in connection with the invasion of Ukraine.
The bill establishes the Ukraine Reconstruction Trust Fund to hold tax revenues generated by this bill. Such revenues shall be used for the benefit of Ukraine, including reconstruction and rebuilding efforts, humanitarian assistance, and the fostering of long-term economic growth.
The Department of State must direct the U.S. Permanent Representative to the United Nations to use U.S. influence to encourage the transfer of capital gains on Russian sovereign assets to Ukraine.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 6416: Russian War Crimes in Ukraine Tax Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-6416/
"H.R. 6416: Russian War Crimes in Ukraine Tax Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-6416/.
H.R. 6416, 118th Cong. (2026), https://openamerica.io/bill/118-HR-6416/.
[H.R. 6416: Russian War Crimes in Ukraine Tax Act](https://openamerica.io/bill/118-HR-6416/)