H. R. 815—53 
SEC. 104. AUTHORITY TO ENSURE COMPENSATION TO UKRAINE USING 
SEIZED 
RUSSIAN 
SOVEREIGN 
ASSETS 
AND 
RUSSIAN 
AGGRESSOR STATE SOVEREIGN ASSETS. 
(a) REPORTING ON RUSSIAN ASSETS.— 
(1) NOTICE REQUIRED.—Not later than 90 days after the 
date of the enactment of this division, the President shall, 
by means of such instructions or regulations as the President 
may prescribe, require any financial institution at which Rus-
sian sovereign assets are located, and that knows or should 
know of such assets, to provide notice of such assets, including 
relevant information required under section 501.603(b)(ii) of 
title 31, Code of Federal Regulations (or successor regulations), 
to the Secretary of the Treasury not later than 10 days after 
detection of such assets. 
(2) REPORT REQUIRED.— 
(A) IN GENERAL.—Not later than 180 days after the 
date of the enactment of this division, and annually there-
after for 3 years, the President shall submit to the appro-
priate congressional committees a report detailing the 
status of Russian sovereign assets with respect to which 
notice has been provided to the Secretary of the Treasury 
under paragraph (1). 
(B) FORM.—The report required by subparagraph (A) 
shall be submitted in unclassified form, but may include 
a classified annex. 
(b) SEIZURE OR TRANSFER OF ASSETS.— 
(1) SEIZURE
OF
RUSSIAN
AGGRESSOR
STATE
SOVEREIGN 
ASSETS.—On and after the date that is 30 days after the Presi-
dent submits to the appropriate congressional committees the 
certification described in subsection (c), the President may seize, 
confiscate, transfer, or vest any Russian aggressor state sov-
ereign assets, in whole or in part, and including any interest 
or interests in such assets, subject to the jurisdiction of the 
United States for the purpose of transferring those funds to 
the Ukraine Support Fund established under subsection (d). 
(2) VESTING.—For funds confiscated under paragraph (1), 
all right, title, and interest shall vest in the United States 
Government, provided that no use of those funds other than 
the use of those funds consistent with subsection (f) shall be 
permitted. 
(3) LIQUIDATION AND DEPOSIT.—The President shall— 
(A) deposit any funds seized, transferred, or confiscated 
under paragraph (1) into the Ukraine Support Fund estab-
lished under subsection (d); 
(B) liquidate or sell any other property seized, trans-
ferred, or confiscated under paragraph (1) and deposit the 
funds resulting from such liquidation or sale into the 
Ukraine Support Fund; and 
(C) make all such funds available for the purposes 
described in subsection (f). 
(4) METHOD OF SEIZURE, TRANSFER, OR CONFISCATION.— 
The President may seize, transfer, confiscate or vest Russian 
aggressor state sovereign assets under paragraph (1) through 
instructions or licenses or in such other manner as the Presi-
dent determines appropriate.
H. R. 815—54 
(c) CERTIFICATION.—The certification described in this sub-
section, with respect to Russian aggressor state sovereign assets, 
is a certification that— 
(1) seizing, confiscating, transferring, or vesting Russian 
aggressor state sovereign assets for the benefit of Ukraine 
is in the national interests of the United States; 
(2) the President has meaningfully coordinated with G7 
leaders to take multilateral action with regard to any seizure, 
confiscation, vesting, or transfer of Russian sovereign assets 
for the benefit of Ukraine; and 
(3) either— 
(A) the President has received an official and legitimate 
request from a properly constituted international mecha-
nism that includes the participation of the Government 
of Ukraine and the United States and that has been estab-
lished for the purpose of, or otherwise tasked with, compen-
sating Ukraine for damages arising or resulting from the 
internationally wrongful acts of the Russian Federation 
regarding the repurposing of sovereign assets of the Rus-
sian Federation; or 
(B) either— 
(i) the Russian Federation has not ceased its 
unlawful aggression against Ukraine; or 
(ii) the Russian Federation has ceased its unlawful 
aggression against Ukraine, but— 
(I) has not provided full compensation to 
Ukraine for harms resulting from the internation-
ally wrongful acts of the Russian Federation; and 
(II) is not participating in a bona fide process 
to provide full compensation to Ukraine for harms 
resulting from Russian aggression. 
(d) ESTABLISHMENT OF THE UKRAINE SUPPORT FUND.— 
(1) UKRAINE SUPPORT FUND.—The President shall establish 
an account, to be known as the ‘‘Ukraine Support Fund’’, to 
consist of any funds with respect to which a seizure is ordered 
pursuant to subsection (b). 
(2) USE OF FUNDS.—The funds in the accounts established 
under paragraph (1) shall be available to be used only as 
specified in subsection (f). 
(e) RULE OF CONSTRUCTION.—Nothing in this section may be 
construed to provide the President with the authority to seize, 
transfer, confiscate, or vest title to foreign sovereign assets that 
are not Russian aggressor state sovereign assets in the United 
States or transfer any foreign sovereign assets to any recipient 
for any use other than the uses described in this division. 
(f) FURTHER TRANSFER AND USE OF FUNDS.— 
(1) IN GENERAL.—Subject to paragraphs (2) and (3), Funds 
in the Ukraine Support Fund shall be available to the Secretary 
of State, in consultation with the Administrator of the United 
States Agency for International Development, for the purpose 
of providing assistance to Ukraine for the damage resulting 
from the unlawful invasion by the Russian Federation that 
began on February 24, 2022. 
(2) SPECIFIC PERMISSIBLE USES.—Subject to paragraph (3), 
the following are permissible uses of the funds in the Ukraine 
Support Fund pursuant to paragraph (1):
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(A) Making contributions to an international body, 
fund, or mechanism established consistent with section 
105(a) that is charged with determining and administering 
compensation or providing assistance to Ukraine. 
(B) Supporting reconstruction, rebuilding, and recovery 
efforts in Ukraine. 
(C) Providing economic and humanitarian assistance 
to the people of Ukraine. 
(3) NOTIFICATION.— 
(A) IN GENERAL.—The Secretary of State shall notify 
the appropriate congressional committees not fewer than 
15 days before providing any funds from the Ukraine Sup-
port Fund to any other account for the purposes described 
in paragraph (1). 
(B) ELEMENTS.—A notification under subparagraph (A) 
with respect to the transfer of funds to another account 
pursuant to paragraph (1) shall specify— 
(i) the amount of funds to be provided; 
(ii) the specific purpose for which such funds are 
provided; and 
(iii) the recipient of those funds. 
(g) LIMITATION ON TRANSFER OF FUNDS.—No funds may be 
transferred or otherwise expended from the Ukraine Support Fund 
pursuant to subsection (f) unless the President certifies to the 
appropriate congressional committees that— 
(1) a plan exists to ensure transparency and accountability 
for all funds transferred to and from any account receiving 
the funds; and 
(2) the President has transmitted the plan required under 
paragraph (1) to the appropriate congressional committees in 
writing. 
(h) JOINT RESOLUTION
OF DISAPPROVAL.—No funds may be 
transferred pursuant to subsection (f) if, within 15 days of receipt 
of the notification required under subsection (f)(3), a joint resolution 
is enacted into law prohibiting such transfer. 
(i) REPORT.—Not later than 90 days after the date of the 
enactment of this division, and not less frequently than every 
180 days thereafter, the President shall submit to the appropriate 
congressional committees a report that includes the following: 
(1) An accounting of funds in the Ukraine Support Fund. 
(2) Any information regarding the disposition of funds in 
any account to which funds have been transferred pursuant 
to subsection (f) that has been transmitted to the President 
by the institution housing said account during the period cov-
ered by the report. 
(3) A description of United States multilateral and bilateral 
diplomatic engagement with allies and partners of the United 
States that also have immobilized Russian sovereign assets 
to compensate for damages caused by the Russian Federation’s 
internationally wrongful acts during the period covered by the 
report. 
(4) An outline of steps taken to carry out the establishment 
of the international mechanism described by section 105(a) 
during the period covered by the report. 
(j) EXCEPTION FOR UNITED STATES OBLIGATIONS UNDER TREA-
TIES.—The authorities provided by this section may not be exercised
H. R. 815—56 
in a manner inconsistent with the obligations of the United States 
under— 
(1) the Convention on Diplomatic Relations, done at Vienna 
April 18, 1961, and entered into force April 24, 1964 (23 UST 
3227); 
(2) the Convention on Consular Relations, done at Vienna 
April 24, 1963, and entered into force on March 19, 1967 
(21 UST 77); 
(3) the Agreement Regarding the Headquarters of the 
United Nations, signed at Lake Success June 26, 1947, and 
entered into force November 21, 1947 (TIAS 1676); or 
(4) any other international agreement to which the United 
States is a state party on the day before the date of the 
enactment of this division. 
(k) JUDICIAL REVIEW.— 
(1) EXCLUSIVENESS
OF
REMEDY.—Notwithstanding any 
other provision of law, any action taken under this section 
shall not be subject to judicial review, except as provided in 
this subsection. 
(2) LIMITATIONS FOR FILING CLAIMS.—A claim may only 
be brought with respect to an action under this section— 
(A) that alleges that the action will deny rights under 
the Constitution of the United States; and 
(B) if the claim is brought not later than 60 days 
after the date of such action. 
(3) JURISDICTION.— 
(A) IN GENERAL.—A claim under paragraph (2) of this 
subsection shall be barred unless a complaint is filed prior 
to the expiration of such time limits in the United States 
District Court for the District of Columbia. 
(B) APPEAL.—An appeal of an order of the United 
States District Court for the District of Columbia issued 
pursuant to a claim brought under this subsection shall 
be taken by a notice of appeal filed with the United States 
Court of Appeals for the District of Columbia Circuit not 
later than 10 days after the date on which the order is 
entered. 
(C) EXPEDITED CONSIDERATION.—It shall be the duty 
of the United States District Court for the District of 
Columbia and the United States Court of Appeals for the 
District of Columbia Circuit to advance on the docket and 
to expedite to the greatest possible extent the disposition 
of any claim brought under this subsection. 
(l) SUNSET.—The authorities conferred under this section shall 
terminate on the earlier of— 
(1) the date that is 5 years after the date of the enactment 
of this division; or 
(2) the date that is 120 days after the date on which 
the President determines and certifies to the appropriate 
congressional committees that— 
(A) the Russian Federation has reached an agreement 
relating to the respective withdrawal of Russian forces 
and cessation of military hostilities that is accepted by 
the free and independent Government of Ukraine; and 
(B)(i) full compensation has been made to Ukraine 
for harms resulting from the invasion of Ukraine by the 
Russian Federation;