117TH CONGRESS 

2D SESSION H. R. 6930 

AN ACT 

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, 
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1 SECTION 1. SHORT TITLE. 

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

3 Ukraine Reconstruction Act’’. 

4 SEC. 2. SENSE OF CONGRESS. 

5 It is the sense of Congress as follows: 

6 (1) The President should take all constitutional 

7 steps to seize and confiscate assets under the juris8 diction of the United States of foreign persons 

9 whose wealth is derived in part through corruption 

10 linked to or political support for the regime of Rus11 sian President Vladimir Putin and with respect to 

12 which the President has imposed sanctions. 

13 (2) The President, by means of instructions, li14 censes, or other regulations as may be promulgated 

15 and in a manner consistent with due process of law, 

16 should confiscate any property or accounts subject to 

17 the jurisdiction of the United States, valued over 

18 $2,000,000, and belonging to Russian energy com19 panies or to foreign persons whose wealth is derived 

20 in part through corruption linked to or political sup21 port for the regime of Russian President Vladimir 

22 Putin and with respect to which the President has 

23 imposed sanctions. 

24 (3) All rights, title, and interest in any property 

25 so confiscated should vest, upon the terms directed 

26 by the President, in such agency or person as the 
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1 President may designate from time to time, and 

2 upon such terms and conditions as the President 

3 may prescribe. 

4 (4) Such interest or property should be held, 

5 used, administered, liquidated, or sold, by such 

6 agency or person and such designated agency or per7 son should perform any and all acts incident to the 

8 accomplishment or furtherance of these purposes. 

9 (5) The President should use all liquidated 

10 funds for the benefit of the people of Ukraine, in11 cluding for the following: 

12 (A) Post-conflict reconstruction in 

13 Ukraine. 

14 (B) Humanitarian assistance. 

15 (C) United States government assistance 

16 provided to the security forces of the govern17 ment of Ukraine. 

18 (D) Provisions to support refugees and ref19 ugee resettlement in neighboring countries and 

20 in the United States. 

21 (E) Technology items and services to en22 sure the free flow of information to the Ukrain23 ian people in Ukraine, including items to 

24 counter internet censorship by Russian authori25 ties, to circumvent efforts to shut down internet 
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1 or communication services by Russian authori2 ties and bolster the cybersecurity capabilities of 

3 Ukrainian Government or non-governmental or4 ganizations. 

5 (F) Humanitarian and development assist6 ance for the Russian people, including democ7 racy and human rights programming and moni8 toring. 

9 SEC. 3. INTERAGENCY WORKING GROUP. 

10 The President shall establish an interagency working 

11 group, which shall be headed by the Secretary of State, 

12 to determine the constitutional mechanisms through which 

13 the President can take steps to seize and confiscate assets 

14 under the jurisdiction of the United States of foreign per15 sons whose wealth is derived in part through corruption 

16 linked to or political support for the regime of Russian 

17 President Vladimir Putin and with respect to which the 

18 President has imposed sanctions. 

19 SEC. 4. REPORT ON STEPS AND AUTHORITIES. 

20 Not later than 60 days after the date of the enact21 ment of this Act, the Secretary of State, on behalf of the 

22 interagency working group, shall submit to the Committee 

23 on Foreign Affairs of the House of Representatives and 

24 the Committee on Foreign Relations of the Senate a re25 port about the steps taken by the interagency working 
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1 group to accomplish the steps laid out in section 2, a re2 port that includes any recommendations to impose addi3 tional energy-related sanctions on the Government of Rus4 sia, and a report on any additional authorities the Presi5 dent needs to take such steps. 

6 SEC. 5. EXPANSION OF SANCTIONS WITH RESPECT TO MEM7 BERS OF THE RUSSIAN PARLIAMENT. 

8 Not later than 30 days after the date of the enact9 ment of this Act, the President shall submit to the Com10 mittee on Foreign Affairs of the House of Representatives 

11 and the Committee on Foreign Relations of the Senate 

12 a report, which may be submitted in classified form if nec13 essary, that contains a justification for any determination 

14 of whether or not, in addition to the sanctions imposed 

15 pursuant to Executive Order 14024 (86 Fed. Reg. 73; re16 lating to blocking property with respect to specified 11 

17 harmful foreign activities of the Government of the Rus18 sian Federation), imposing sanctions on 328 members of 

19 the Russian State Duma, a determination as to whether 

20 remaining members of the Duma and the Russian Federa21 tion Council, which includes officials who may be involved 

22 in corrupt and other sanctionable activities, who voted on 

23 February 22, 2022, to recognize the Donetsk People’s Re24 public (DPR) and the Luhansk People’s Republic (LPR), 

25 as well as the Russian Federation Council in its entirety, 
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1 should be subject to sanctions under the such Executive 

2 Order. 

3 SEC. 6. DETERMINATION OF BUDGETARY EFFECTS. 

4 The budgetary effects of this Act, for the purpose of 

5 complying with the Statutory Pay-As-You-Go Act of 2010, 

6 shall be determined by reference to the latest statement 

7 titled ‘‘Budgetary Effects of PAYGO Legislation’’ for this 

8 Act, submitted for printing in the Congressional Record 

9 by the Chairman of the House Budget Committee, pro10 vided that such statement has been submitted prior to the 

11 vote on passage. 

Passed the House of Representatives April 27, 2022. 

Attest: 

Clerk. 

117TH CONGRESS 

2D SESSION H. R. 6930 

AN ACT 

To authorize the confiscation of assets subject to 

sons, and for other purposes. United States jurisdiction of certain foreign per-