Make Putin Pay Act

United States118th CongressHR-5925House of Representatives
Updated: Oct 25, 2023

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Foreign Affairs.

    House of Representatives

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