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 fol-
lowing 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. 
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 ‘‘Asset Seizure for 
Ukraine Reconstruction Act’’. 
SEC. 2. PRESIDENTIAL AUTHORITIES WITH RESPECT TO 
THE CONFLICT IN UKRAINE. 
(a) IN GENERAL.—The President upon determina-
tion that Russia remains engaged in a conflict of terri-
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torial conquest in Ukraine, may, by means of instructions, 
licenses, or other regulations as may be promulgated, con-
fiscate any property or accounts subject to the jurisdiction 
of the United States and valued over $5,000,000 of any 
foreign person described in subsection (b). All rights, title, 
and interest in any property so confiscated shall vest, upon 
the terms directed by the President, in such agency or per-
son as the President may designate from time to time, 
and upon such terms and conditions as the President may 
prescribe. Such interest or property may be held, used, 
administered, liquidated, or sold, by such agency or person 
and such designated agency or person may perform any 
and all acts incident to the accomplishment or furtherance 
of these purposes. 
(b) FOREIGN PERSON DESCRIBED.—A foreign per-
son described in this subsection is a foreign person— 
(1) whose wealth, according to credible informa-
tion, is derived in part through corruption linked to 
or political support for the regime of Russian Presi-
dent Vladimir Putin; and 
(2) with respect to which the President has im-
posed sanctions relating to corruption, human rights 
violations, Russian malign influence, or conflicts in 
Ukraine. 
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(c) USE OF LIQUIDATED FUNDS.—Any funds derived 
from liquidation or sales pursuant to subsection (a) shall 
be used solely for the benefit of the people of Ukraine, 
for the following purposes: 
(1) Post-conflict reconstruction in Ukraine. 
(2) Humanitarian assistance. 
(3) Weapons for the uniformed military forces 
of the elected Government of Ukraine. 
(4) Provisions to support refugees and refugee 
resettlement in neighboring countries and in the 
United States. 
(5) Technology items and services to ensure the 
free flow of information to the Ukrainian people in 
Ukraine, including items to counter internet censor-
ship by Russian authorities, to circumvent efforts to 
shut down internet or communication services by 
Russian authorities, to bolster cybersecurity capabili-
ties of Ukrainian Government or non-governmental 
organizations. 
(6) Humanitarian and development assistance 
for the Russian people, including democracy and 
human rights programming and monitoring. 
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(d) SUNSET.—The authority provided by subsection 
(a) shall terminate on the date that is 2 years after the 
date of the enactment of this Act. 
Æ 
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