Russian War Crimes in Ukraine Tax Act
USA118th CongressHR-6416| House
| Updated: 12/13/2023
Lloyd Doggett
Democratic Representative
Texas
Cosponsors (63)
Donald Norcross (Democratic)Marcy Kaptur (Democratic)John Garamendi (Democratic)Adam B. Schiff (Democratic)Raúl M. Grijalva (Democratic)David J. Trone (Democratic)Emanuel Cleaver (Democratic)C. A. Dutch Ruppersberger (Democratic)Zachary Nunn (Republican)Greg Landsman (Democratic)Juan Vargas (Democratic)Jimmy Panetta (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Steve Cohen (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Donald M. Payne (Democratic)Haley M. Stevens (Democratic)Danny K. Davis (Democratic)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)Ro Khanna (Democratic)Maria Elvira Salazar (Republican)Jasmine Crockett (Democratic)Henry C. "Hank" Johnson (Democratic)Al Green (Democratic)Don Bacon (Republican)Brendan F. Boyle (Democratic)Christopher H. Smith (Republican)Stephen F. Lynch (Democratic)Carol D. Miller (Republican)Joe Wilson (Republican)Doug Lamborn (Republican)Joseph D. Morelle (Democratic)Daniel S. Goldman (Democratic)Gregory W. Meeks (Democratic)Jerrold Nadler (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Henry Cuellar (Democratic)Marcus J. Molinaro (Republican)Jim Costa (Democratic)Mike Quigley (Democratic)Sean Casten (Democratic)Aumua Amata Coleman Radewagen (Republican)Janice D. Schakowsky (Democratic)Andy Kim (Democratic)James P. McGovern (Democratic)William R. Keating (Democratic)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Seth Moulton (Democratic)Josh Gottheimer (Democratic)Michael Lawler (Republican)Jason Crow (Democratic)Frank Pallone (Democratic)Grace Meng (Democratic)Bradley Scott Schneider (Democratic)Bill Pascrell (Democratic)Susan Wild (Democratic)Judy Chu (Democratic)
Ways and Means Committee, Foreign Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 5.
Committee Consideration and Mark-up Session Held
Taxation
BelarusCongressional oversightDiplomacy, foreign officials, Americans abroadEconomic developmentEuropeForeign aid and international reliefForeign and international bankingGovernment trust fundsInterest, dividends, interest ratesInternational law and treatiesReconstruction and stabilizationRussiaSales and excise taxesUkraineUnited Nations
Russian War Crimes in Ukraine Tax Act
USA118th CongressHR-6416| House
| Updated: 12/13/2023
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 5.
Committee Consideration and Mark-up Session Held
Lloyd Doggett
Democratic Representative
Texas
Cosponsors (63)
Donald Norcross (Democratic)Marcy Kaptur (Democratic)John Garamendi (Democratic)Adam B. Schiff (Democratic)Raúl M. Grijalva (Democratic)David J. Trone (Democratic)Emanuel Cleaver (Democratic)C. A. Dutch Ruppersberger (Democratic)Zachary Nunn (Republican)Greg Landsman (Democratic)Juan Vargas (Democratic)Jimmy Panetta (Democratic)Eric Swalwell (Democratic)Dina Titus (Democratic)Steve Cohen (Democratic)Suzan K. DelBene (Democratic)Paul Tonko (Democratic)Donald M. Payne (Democratic)Haley M. Stevens (Democratic)Danny K. Davis (Democratic)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)Ro Khanna (Democratic)Maria Elvira Salazar (Republican)Jasmine Crockett (Democratic)Henry C. "Hank" Johnson (Democratic)Al Green (Democratic)Don Bacon (Republican)Brendan F. Boyle (Democratic)Christopher H. Smith (Republican)Stephen F. Lynch (Democratic)Carol D. Miller (Republican)Joe Wilson (Republican)Doug Lamborn (Republican)Joseph D. Morelle (Democratic)Daniel S. Goldman (Democratic)Gregory W. Meeks (Democratic)Jerrold Nadler (Democratic)Eleanor Holmes Norton (Democratic)Brad Sherman (Democratic)Henry Cuellar (Democratic)Marcus J. Molinaro (Republican)Jim Costa (Democratic)Mike Quigley (Democratic)Sean Casten (Democratic)Aumua Amata Coleman Radewagen (Republican)Janice D. Schakowsky (Democratic)Andy Kim (Democratic)James P. McGovern (Democratic)William R. Keating (Democratic)Seth Magaziner (Democratic)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Seth Moulton (Democratic)Josh Gottheimer (Democratic)Michael Lawler (Republican)Jason Crow (Democratic)Frank Pallone (Democratic)Grace Meng (Democratic)Bradley Scott Schneider (Democratic)Bill Pascrell (Democratic)Susan Wild (Democratic)Judy Chu (Democratic)
Ways and Means Committee, Foreign Affairs Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
BelarusCongressional oversightDiplomacy, foreign officials, Americans abroadEconomic developmentEuropeForeign aid and international reliefForeign and international bankingGovernment trust fundsInterest, dividends, interest ratesInternational law and treatiesReconstruction and stabilizationRussiaSales and excise taxesUkraineUnited Nations