I 
118TH CONGRESS 
1ST SESSION H. R. 4341 
To direct the United States Executive Directors at the international financial 
institutions to use voice, vote, and influence of the United States to 
prevent companies from countries that actively or tacitly supported the 
Russian invasion of Ukraine from benefitting from its reconstruction, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 23, 2023 
Mr. LUETKEMEYER (for himself, Mr. DONALDS, Mr. BARR, Mr. NUNN of 
Iowa, Mr. HUIZENGA, Ms. DE LA CRUZ, Mrs. KIM of California, and Mr. 
SESSIONS) introduced the following bill; which was referred to the Com-
mittee on Financial Services 
A BILL 
To direct the United States Executive Directors at the inter-
national financial institutions to use voice, vote, and in-
fluence of the United States to prevent companies from 
countries that actively or tacitly supported the Russian 
invasion of Ukraine from benefitting from its reconstruc-
tion, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Ukraine Reconstruc-
tion Accountability and Transparency Act’’. 
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SEC. 2. USE OF UNITED STATES INFLUENCE IN INTER-
NATIONAL FINANCIAL INSTITUTIONS TO PRE-
VENT COMPANIES FROM COUNTRIES THAT 
ACTIVELY OR TACITLY SUPPORTED THE RUS-
SIAN INVASION OF UKRAINE FROM BENEFIT-
TING FROM ITS RECONSTRUCTION. 
(a) IN GENERAL.—The Secretary of the Treasury 
shall instruct the United States Executive Director at each 
international financial institution (as defined in section 
1701(c)(2) of the International Financial Institutions Act) 
to use voice, vote, and influence of the United States to 
prevent their respective institution from entering into a 
contract for the reconstruction of Ukraine with any com-
pany that— 
(1) is located or has operations in— 
(A) China, Belarus, Eritrea, Mali, Nica-
ragua, North Korea, Russia, or Syria; 
(B) Algeria, Angola, Armenia, Bangladesh, 
Bolivia, Burundi, Central African Republic, Re-
public of Congo, Cuba, El Salvador, Ethiopia, 
Gabon, 
Guinea, 
India, 
Iran, 
Kazakstan, 
Kyrgyztan, Laos, Mongolia, Mozambique, Na-
mibia, Pakistan, South Africa, Sri Lanka, 
Sudan, Tajikistan, Togo, Uganda, Uzbekistan, 
Vietnam, and Zimbabwe; or 
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(C) any other country whose government 
has provided material or diplomatic support for 
the Russian invasion of Ukraine; or 
(2) would have, as a subcontractor on such a 
contract, a company described in paragraph (1). 
(b) WAIVER AUTHORITY.—The Secretary of the 
Treasury may waive subsection (a) with respect to a coun-
try specified in subsection (a)(1)(B) if, after the date of 
the enactment of this section, the government of the coun-
try— 
(1) takes public action to voice the opposition of 
the government to the Russian invasion of Ukraine, 
including by voting in the affirmative on a United 
Nations General Assembly Resolution that expresses 
that opposition; or 
(2) provides material support to the efforts of 
the Government of Ukraine to evict Russian forces 
from the sovereign territory of Ukraine. 
Æ 
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