I 

117TH CONGRESS 

2D SESSION H. R. 6930 

To authorize the confiscation of assets subject to United States jurisdiction 

of certain foreign persons, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 3, 2022 

Mr. MALINOWSKI (for himself, Mr. WILSON of South Carolina, Ms. 

SPANBERGER, Mr. MEIJER, Mr. COHEN, Mr. BANKS, Ms. WILD, Mrs. 

KIM of California, Mr. KILDEE, and Mr. CURTIS) introduced the following bill; which was referred to the Committee on Foreign Affairs 

A BILL 

To authorize the confiscation of assets subject to United 

States jurisdiction of certain foreign persons, 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’’. 

6 SEC. 2. PRESIDENTIAL AUTHORITIES WITH RESPECT TO 

7 THE CONFLICT IN UKRAINE. 

8 (a) IN GENERAL.—The President upon determina9 tion that Russia remains engaged in a conflict of terriVerDate Sep 11 2014 16:27 Mar 08, 2022 Jkt 029200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H6930.IH H6930

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1 torial conquest in Ukraine, may, by means of instructions, 

2 licenses, or other regulations as may be promulgated, con3 fiscate any property or accounts subject to the jurisdiction 

4 of the United States and valued over $5,000,000 of any 

5 foreign person described in subsection (b). All rights, title, 

6 and interest in any property so confiscated shall vest, upon 

7 the terms directed by the President, in such agency or per8 son as the President may designate from time to time, 

9 and upon such terms and conditions as the President may 

10 prescribe. Such interest or property may be held, used, 

11 administered, liquidated, or sold, by such agency or person 

12 and such designated agency or person may perform any 

13 and all acts incident to the accomplishment or furtherance 

14 of these purposes. 

15 (b) FOREIGN PERSON DESCRIBED.—A foreign per16 son described in this subsection is a foreign person— 

17 (1) whose wealth, according to credible informa18 tion, is derived in part through corruption linked to 

19 or political support for the regime of Russian Presi20 dent Vladimir Putin; and 

21 (2) with respect to which the President has im22 posed sanctions relating to corruption, human rights 

23 violations, Russian malign influence, or conflicts in 

24 Ukraine. 


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1 (c) USE OF LIQUIDATED FUNDS.—Any funds derived 

2 from liquidation or sales pursuant to subsection (a) shall 

3 be used solely for the benefit of the people of Ukraine, 

4 for the following purposes: 

5 (1) Post-conflict reconstruction in Ukraine. 

6 (2) Humanitarian assistance. 

7 (3) Weapons for the uniformed military forces 

8 of the elected Government of Ukraine. 

9 (4) Provisions to support refugees and refugee 

10 resettlement in neighboring countries and in the 

11 United States. 

12 (5) Technology items and services to ensure the 

13 free flow of information to the Ukrainian people in 

14 Ukraine, including items to counter internet censor15 ship by Russian authorities, to circumvent efforts to 

16 shut down internet or communication services by 

17 Russian authorities, to bolster cybersecurity capabili18 ties of Ukrainian Government or non-governmental 

19 organizations. 

20 (6) Humanitarian and development assistance 

21 for the Russian people, including democracy and 

22 human rights programming and monitoring. 


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1 (d) SUNSET.—The authority provided by subsection 

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

3 date of the enactment of this Act. 

Æ 


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