Make Russia Pay Act

Subjects: International Affairs

Summary:  <p><strong>Make Russia Pay Act</strong></p> <p>This bill requires the Department of the Treasury to liquidate all Russian assets seized by the United States and deposit the resulting funds into a Ukrainian Humanitarian Aid Fund established by the bill. Treasury may use the funds to provide assistance to Ukraine, including by providing funding to Ukraine's government for humanitarian and security assistance. </p>

<html><body><pre>[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 892 Introduced in House (IH)]

&lt;DOC&gt;






118th CONGRESS
  1st Session
                                H. R. 892

To transfer seized Russian assets to a Ukrainian Humanitarian Aid Fund 
 and to authorize the Secretary of the Treasury to use amounts in the 
 Fund for humanitarian assistance for Ukraine, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 9, 2023

   Mrs. Bice (for herself, Mr. LaMalfa, Mr. Estes, and Mr. Crenshaw) 
 introduced the following bill; which was referred to the Committee on 
                            Foreign Affairs

_______________________________________________________________________

                                 A BILL


 
To transfer seized Russian assets to a Ukrainian Humanitarian Aid Fund 
 and to authorize the Secretary of the Treasury to use amounts in the 
 Fund for humanitarian assistance for Ukraine, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Make Russia Pay Act''.

SEC. 2. UKRAINIAN HUMANITARIAN AID FUND.

    (a) Establishment of Fund.--There is established a fund in the 
Department of the Treasury to be called the ``Ukrainian Humanitarian 
Aid Fund''.
    (b) Use of Seized Russian Assets.--All Russian assets seized by the 
United States, including seized Russian Central Bank foreign reserves, 
shall be deemed forfeited, and the Secretary of the Treasury shall 
liquidate such assets and deposit the resulting funds into the 
Ukrainian Humanitarian Aid Fund.
    (c) Use of Fund Amounts.--The Secretary of the Treasury may use 
amounts in the Ukranian Humanitarian Aid Fund for the following 
purposes:
            (1) To provide humanitarian relief to Ukrainian refugees 
        who have fled their homes due to Russian aggression. Such 
        relief may be made directly to member nations of the European 
        Union who have taken in refugees from Ukraine.
            (2) Funding to the government of Ukraine to provide 
        humanitarian assistance to its citizens who remain in Ukraine 
        and security assistance, including--
                    (A) funding to provide food, clothing, shelter, 
                medical assistance, and other forms of relief the 
                Secretary determines to be appropriate;
                    (B) funding to rebuild damaged or destroyed 
                infrastructure; and
                    (C) security assistance funding needed to defend 
                from Russian aggression, where the determination of the 
                amount of such funding is made jointly by the Secretary 
                of the Treasury and the Secretary of Defense.
                                 &lt;all&gt;
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