Reparations for Ukraine through Sovereign nation Support and Integration Act or the RUSSIA Act This bill directs the President to seek to enter into an agreement with other countries that have frozen the assets of Russia's central bank to (1) transfer the frozen assets into a single account at an international financial institution, and (2) distribute such assets to provide for the reconstruction of Ukraine after the cessation of hostilities in Ukraine.
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Timeline
Introduced in House
Referred to the House Committee on Foreign Affairs.
Introduced in House
Referred to the House Committee on Foreign Affairs.
International Affairs
Bank accounts, deposits, capitalConflicts and warsCongressional oversightEuropeForeign and international bankingForeign propertyGovernment liabilityMilitary operations and strategyPresidents and presidential powers, Vice PresidentsReconstruction and stabilizationRussiaUkraineWar and emergency powers
RUSSIA Act
USA117th CongressHR-7724| House
| Updated: 5/11/2022
Reparations for Ukraine through Sovereign nation Support and Integration Act or the RUSSIA Act This bill directs the President to seek to enter into an agreement with other countries that have frozen the assets of Russia's central bank to (1) transfer the frozen assets into a single account at an international financial institution, and (2) distribute such assets to provide for the reconstruction of Ukraine after the cessation of hostilities in Ukraine.
Bank accounts, deposits, capitalConflicts and warsCongressional oversightEuropeForeign and international bankingForeign propertyGovernment liabilityMilitary operations and strategyPresidents and presidential powers, Vice PresidentsReconstruction and stabilizationRussiaUkraineWar and emergency powers