I 

118TH CONGRESS 

1ST SESSION H. R. 1254 

To direct the President to seek to obtain an agreement between the United 

States and other countries that have frozen the assets of the Central 

Bank of the Russian Federation under which parties to the agreement 

will use such assets to provide for the reconstruction of Ukraine upon 

cessation of hostilities in Ukraine. 

IN THE HOUSE OF REPRESENTATIVES 

FEBRUARY 28, 2023 

Mr. MORELLE (for himself, Ms. KAPTUR, Mr. FITZPATRICK, and Mr. GOLDEN

of Maine) introduced the following bill; which was referred to the Committee on Foreign Affairs 

A BILL 

To direct the President to seek to obtain an agreement 

between the United States and other countries that have 

frozen the assets of the Central Bank of the Russian 

Federation under which parties to the agreement will 

use such assets to provide for the reconstruction of 

Ukraine upon cessation of hostilities in Ukraine. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 


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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Reparations for 

3 Ukraine through Sovereign nation Support and Integra4 tion Act’’ or the ‘‘RUSSIA Act’’. 

5 SEC. 2. AGREEMENT TO USE ASSETS OF THE CENTRAL 

6 BANK OF THE RUSSIAN FEDERATION TO PRO7 VIDE FOR THE RECONSTRUCTION OF 

8 UKRAINE. 

9 (a) IN GENERAL.—The President shall take such ac10 tion as may be necessary to seek to obtain an agreement 

11 between the United States and other countries that have 

12 frozen the assets of the Central Bank of the Russian Fed13 eration under which parties to the agreement will— 

14 (1) transfer such assets to a single, consoli15 dated account at an appropriate international finan16 cial institution; 

17 (2) determine the total costs of damages to 

18 Ukraine resulting from the Russian Federation’s in19 vasion of Ukraine; 

20 (3) distribute such assets to provide for the re21 construction of Ukraine upon cessation of hostilities 

22 in Ukraine; and 

23 (4) take such other actions as may be necessary 

24 carry out this section. 

25 (b) DEFINITION.—In this section, the term ‘‘inter26 national financial institution’’ means a multilateral develVerDate Sep 11 2014 04:39 Mar 14, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1254.IH H1254

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1 opment institution (as defined in section 1701(c)(3) of the 

2 International Financial Institutions Act). 

3 SEC. 3. IMPLEMENTATION; REGULATIONS; PENALTIES. 

4 (a) IMPLEMENTATION.—The President is authorized 

5 to exercise all authorities provided to the President under 

6 the International Emergency Economic Powers Act (50 

7 U.S.C. 1701 et seq.) to carry out the purposes of this Act. 

8 (b) REGULATIONS.—The President shall issue such 

9 regulation, licenses, and orders necessary to carry out this 

10 Act. 

11 (c) PENALTIES.— 

12 (1) IN GENERAL.—A person that violates, at13 tempts to violate, conspires to violate, or causes a 

14 violation of this Act or any regulation, license, or 

15 order issued to carry out this Act shall be subject to 

16 the penalties set forth in subsections (b) and (c) of 

17 section 206 of the International Emergency Eco18 nomic Powers Act (50 U.S.C. 1705) to the same ex19 tent as a person that commits an unlawful act de20 scribed in subsection (a) of that section. 

21 (2) USE OF AMOUNTS.—Notwithstanding any 

22 of the provision of law, amounts received from pen23 alties imposed pursuant to paragraph (1) may be 

24 used to carry out the purposes of this Act. 


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1 SEC. 4. TERMINATION. 

2 (a) IN GENERAL.—This Act shall terminate on the 

3 date that is 120 days after the date on which the Presi4 dent determines and certifies to the appropriate congres5 sional committees that hostilities between the Russian 

6 Federation and Ukraine have ceased. 

7 (b) DEFINITION.—In this section, the term ‘‘appro8 priate congressional committees’’ means the Committee on 

9 Foreign Affairs of the House of Representatives and the 

10 Committee on Foreign Relations of the Senate. 

Æ 


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