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S 2003 118th Congress Senate International Affairs Bank accounts, deposits, capital Banking and financial institutions regulation Congressional oversight Europe Government trust funds Presidents and presidential powers, Vice Presidents Russia Sanctions U.S. and foreign investments Ukraine

REPO for Ukrainians Act

Introduced: June 15, 2023 Introduced by: Risch, James E. Republican · Idaho See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 9, 2024
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Jan 30, 2024
Placed on Senate Legislative Calendar under General Orders. Calendar No. 316.
Jan 30, 2024
Committee on Foreign Relations. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
Jan 24, 2024
Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jun 15, 2023
Read twice and referred to the Committee on Foreign Relations.
Jun 15, 2023
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 available to the Department of State only to compensate Ukraine for damages caused by the Russian invasion, including by providing funds to 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.

What's happening now April 9, 2024

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Related & companion bills 3
  • HR 4175 Identical bill REPO for Ukrainians Act
  • HR 7077 Related bill To expand the categories of forfeited property available to remediate harms to Ukraine from Russian aggression, and for…
  • S 4438 Related bill Transferring Illicit Assets to Ukraine Act of 2024
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 24
All 24 Democratic 13 Republican 11
D
Hassan, Margaret Wood
New Hampshire · Apr 9, 2024
 R
Kennedy, John
Louisiana · Feb 27, 2024
 D
Reed, Jack
Rhode Island · Feb 27, 2024
 R
Crapo, Mike
Idaho · Jan 31, 2024
 D
Coons, Christopher A.
Delaware · Jan 24, 2024
 D
Shaheen, Jeanne
New Hampshire · Jan 24, 2024
 R
Cornyn, John
Texas · Jan 23, 2024
 D
Cortez Masto, Catherine
Nevada · Jan 11, 2024
 R
Cruz, Ted
Texas · Jan 11, 2024
 D
Hickenlooper, John W.
Colorado · Jan 10, 2024
 D
Hirono, Mazie K.
Hawaii · Jan 10, 2024
 R
Scott, Rick
Florida · Jan 10, 2024
 R
Young, Todd
Indiana · Jan 10, 2024
 D
Welch, Peter
Vermont · Dec 5, 2023
 D
Bennet, Michael F.
Colorado · Nov 29, 2023
 R
Grassley, Chuck
Iowa · Nov 29, 2023
 R
Britt, Katie Boyd
Alabama · Nov 7, 2023
 D
Fetterman, John
Pennsylvania · Nov 7, 2023
 R
Graham, Lindsey
South Carolina · Sep 27, 2023
 D
Kelly, Mark
Arizona · Sep 27, 2023
 D
Blumenthal, Richard
Connecticut · Jul 27, 2023
 R
Ricketts, Pete
Nebraska · Jul 27, 2023
 R
Wicker, Roger F.
Mississippi · Jul 27, 2023
 D
Whitehouse, Sheldon
Rhode Island · Jun 15, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2003: REPO for Ukrainians Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-2003/
MLA
"S. 2003: REPO for Ukrainians Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-2003/.
Bluebook (legal)
S. 2003, 118th Cong. (2026), https://openamerica.io/bill/118-S-2003/.
Markdown link
[S. 2003: REPO for Ukrainians Act](https://openamerica.io/bill/118-S-2003/)
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