I 
117TH CONGRESS 
2D SESSION 
H. R. 7724 
To direct the President to seek to obtain an agreement between the United 
States and other countries that have frozen the assets of the Central 
Bank of the Russian Federation under which parties to the agreement 
will use such assets to provide for the reconstruction of Ukraine upon 
cessation of hostilities in Ukraine. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 11, 2022 
Mr. MORELLE (for himself, Ms. KAPTUR, and Mr. GOLDEN) introduced the 
following bill; which was referred to the Committee on Foreign Affairs 
A BILL 
To direct the President to seek to obtain an agreement 
between the United States and other countries that have 
frozen the assets of the Central Bank of the Russian 
Federation under which parties to the agreement will 
use such assets to provide for the reconstruction of 
Ukraine upon cessation of hostilities in Ukraine. 
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 ‘‘Reparations for 
Ukraine through Sovereign nation Support and Integra-
tion Act’’ or the ‘‘RUSSIA Act’’. 
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SEC. 2. AGREEMENT TO USE ASSETS OF THE CENTRAL 
BANK OF THE RUSSIAN FEDERATION TO PRO-
VIDE 
FOR 
THE 
RECONSTRUCTION 
OF 
UKRAINE. 
(a) IN GENERAL.—The President shall take such ac-
tion as may be necessary to seek to obtain an agreement 
between the United States and other countries that have 
frozen the assets of the Central Bank of the Russian Fed-
eration under which parties to the agreement will— 
(1) transfer such assets to a single, consoli-
dated account at an appropriate international finan-
cial institution; 
(2) determine the total costs of damages to 
Ukraine resulting from the Russian Federation’s in-
vasion of Ukraine; 
(3) distribute such assets to provide for the re-
construction of Ukraine upon cessation of hostilities 
in Ukraine; and 
(4) take such other actions as may be necessary 
carry out this section. 
(b) DEFINITION.—In this section, the term ‘‘inter-
national financial institution’’ means a multilateral devel-
opment institution (as defined in section 1701(c)(3) of the 
International Financial Institutions Act). 
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SEC. 3. IMPLEMENTATION; REGULATIONS; PENALTIES. 
(a) IMPLEMENTATION.—The President is authorized 
to exercise all authorities provided to the President under 
the International Emergency Economic Powers Act (50 
U.S.C. 1701 et seq.) to carry out the purposes of this Act. 
(b) REGULATIONS.—The President shall issue such 
regulation, licenses, and orders necessary to carry out this 
Act. 
(c) PENALTIES.— 
(1) IN GENERAL.—A person that violates, at-
tempts to violate, conspires to violate, or causes a 
violation of this Act or any regulation, license, or 
order issued to carry out this Act shall be subject to 
the penalties set forth in subsections (b) and (c) of 
section 206 of the International Emergency Eco-
nomic Powers Act (50 U.S.C. 1705) to the same ex-
tent as a person that commits an unlawful act de-
scribed in subsection (a) of that section. 
(2) USE OF AMOUNTS.—Notwithstanding any 
of the provision of law, amounts received from pen-
alties imposed pursuant to paragraph (1) may be 
used to carry out the purposes of this Act. 
SEC. 4. TERMINATION. 
(a) IN GENERAL.—This Act shall terminate on the 
date that is 120 days after the date on which the Presi-
dent determines and certifies to the appropriate congres-
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sional committees that hostilities between the Russian 
Federation and Ukraine have ceased. 
(b) DEFINITION.—In this section, the term ‘‘appro-
priate congressional committees’’ means the Committee on 
Foreign Affairs of the House of Representatives and the 
Committee on Foreign Relations of the Senate. 
Æ 
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