II 

117TH CONGRESS 

2D SESSION S. 3838 

To authorize the confiscation of property of certain Russian persons subject 

to sanctions imposed by the United States and the use of that property 

for the benefit of the people of Ukraine, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 15, 2022 

Mr. WHITEHOUSE (for himself, Mr. GRAHAM, Mr. BLUMENTHAL, and Mr. 

WICKER) introduced the following bill; which was read twice and referred 

to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To authorize the confiscation of property of certain Russian 

persons subject to sanctions imposed by the United 

States and the use of that property for the benefit of 

the people of Ukraine, and for other purposes. 

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

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Asset Seizure for 

5 Ukraine Reconstruction Act’’. 


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1 SEC. 2. USE OF PROPERTY OF SANCTIONED RUSSIAN PER2 SONS FOR THE BENEFIT OF THE PEOPLE OF 

3 UKRAINE. 

4 (a) AUTHORIZATION OF CONFISCATION OF PROP5 ERTY.— 

6 (1) IN GENERAL.—Upon declaring a national 

7 emergency under section 201 of the National Emer8 gencies Act (50 U.S.C. 1621) with respect to the en9 gagement of the Russian Federation in a conflict of 

10 territorial conquest in Ukraine, the President may— 

11 (A) by means of such instructions, licenses, 

12 or other regulations as the President deter13 mines appropriate, confiscate any funds or 

14 other property of any foreign person described 

15 in subsection (b)— 

16 (i) subject to the jurisdiction of the 

17 United States; and 

18 (ii) valued in excess of $2,000,000; 

19 (B) liquidate or sell any of such property; 

20 and 

21 (C) transfer funds confiscated under sub22 paragraph (A) and the proceeds of property liq23 uidated or sold under subparagraph (B) to such 

24 agencies or other persons as the President de25 termines appropriate to be used for the pur26 poses described in subsection (c). 


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1 (2) VESTING.—All right, title, and interest in 

2 funds and other property confiscated under para3 graph (1) shall vest in the Government of the United 

4 States. 

5 (b) FOREIGN PERSON DESCRIBED.—A foreign per6 son described in this subsection is a foreign person— 

7 (1) the wealth of which, according to credible 

8 information, is derived in part through corruption 

9 linked to or political support for the regime of the 

10 President of the Russian Federation, Vladimir 

11 Putin; and 

12 (2) with respect to which the United States has 

13 imposed sanctions relating to corruption, human 

14 rights violations, the malign influence of the Russian 

15 Federation, or conflicts in Ukraine. 

16 (c) USE OF FUNDS.—Funds confiscated under sub17 paragraph (A) of subsection (a)(1) and the proceeds of 

18 property liquidated or sold under subparagraph (B) of 

19 that subsection may be used only for the benefit of the 

20 people of Ukraine, for the following purposes: 

21 (1) Post-conflict reconstruction in Ukraine. 

22 (2) Humanitarian assistance. 

23 (3) Weapons for the military forces of the elect24 ed Government of Ukraine. 


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1 (4) Provisions to support refugees and refugee 

2 resettlement in neighboring countries and in the 

3 United States. 

4 (5) The provision of technology items and serv5 ices to ensure the free flow of information to the 

6 Ukrainian people in Ukraine, including items— 

7 (A) to counter internet censorship by the 

8 Government of the Russian Federation; 

9 (B) to circumvent efforts to shut down 

10 internet or communication services by that Gov11 ernment; or 

12 (C) to bolster cybersecurity capabilities of 

13 the elected Government of Ukraine or non14 governmental organizations in Ukraine. 

15 (6) Humanitarian and development assistance 

16 for the people of the Russian Federation, including 

17 democracy and human rights programming and 

18 monitoring. 

19 (d) TERMS AND CONDITIONS.—The President may 

20 impose such additional terms and conditions as the Presi21 dent determines appropriate with respect to the confisca22 tion, liquidation, sale, or transfer of funds and other prop23 erty under subsection (a) and with respect to the use of 

24 funds under subsection (c). 

25 (e) AUTHORIZATION OF REWARDS.— 


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1 (1) IN GENERAL.—In the sole discretion of the 

2 Secretary of the Treasury and in consultation, as 

3 appropriate, with the heads of other relevant Federal 

4 agencies, the Secretary may pay a reward to— 

5 (A) any individual that furnishes informa6 tion leading to the confiscation of funds or 

7 other property of a foreign person described in 

8 subsection (b) that are subject to the jurisdic9 tion of the United States; or 

10 (B) any nonprofit humanitarian organiza11 tion designated by an individual described in 

12 subparagraph (A) to receive the reward. 

13 (2) NONPROFIT HUMANITARIAN ORGANIZATION

14 DEFINED.—In this subsection, the term ‘‘nonprofit 

15 humanitarian organization’’ means an organization 

16 that— 

17 (A) is described in section 501(c) of the 

18 Internal Revenue Code of 1986 and exempt 

19 from tax under section 501(a) of such Code; 

20 and 

21 (B) engages in humanitarian work. 

22 (f) SUNSET.—The authority provided by subsection 

23 (a) shall terminate on the date that is 2 years after the 

24 date of the enactment of this Act. 

Æ 


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