Repurposing Elite Luxuries Into Emergency Funds for Ukraine Act
Bill: S.3936 | Sponsor: Sen. Bennet, Michael F. (D-CO)
Policy area: International Affairs

Summary:
Repurposing Elite Luxuries Into Emergency Funds for Ukraine Act
This bill establishes the Ukrainian Relief Fund, which shall be available, subject to appropriations, to provide assistance to Ukraine and Ukrainian refugees. The Department of Justice shall deposit into the fund all proceeds resulting from the liquidation of assets seized by an interagency law enforcement task force established to enforce sanctions imposed in response to Russia's invasion of Ukraine.

To provide for the use of seized Russian assets to provide support to 
  citizens of Ukraine who have been made refugees as a result of the 
 illegal invasion of Ukraine by the Russian Federation, 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 ``Repurposing Elite Luxuries Into 
Emergency Funds for Ukraine Act''.

SEC. 2. USE OF SEIZED RUSSIAN ASSETS TO SUPPORT UKRAINIAN REFUGEES.

    (a) Deposit of Proceeds of Seized Assets.--Notwithstanding section 
524(c) of title 28, United States Code, or any other provision of law, 
the Attorney General shall deposit all proceeds resulting from the 
liquidation of assets seized as a result of actions taken by the Task 
Force KleptoCapture, as announced by the Attorney General on March 2, 
2022, into the Ukrainian Relief Fund established under subsection (b).
    (b) Ukrainian Relief Fund.--
            (1) Establishment.--The Secretary of the Treasury shall 
        establish an account, to be known as the ``Ukrainian Relief 
        Fund'', to be available, as provided in advance in 
        appropriations Acts--
                    (A) to the Secretary of State for use, in 
                consultation with the Administrator of the United 
                States Agency for International Development, as 
                specified in paragraph (2); and
                    (B) to the Attorney General for administrative 
                costs relating to the seizure and liquidation of assets 
                through the Task Force KleptoCapture.
            (2) Use of funds to support ukrainian refugees.--Amounts in 
        the Ukrainian Relief Fund shall be available to provide support 
        to the people of Ukraine following the illegal invasion of 
        Ukraine by the Russian Federation, including--
                    (A) to promote the security, safety, health, well-
                being, and resettlement of Ukrainian refugees;
                    (B) to support international or nonprofit 
                organizations engaged in direct efforts to support 
                Ukrainian refugees;
                    (C) to support the reconstruction, rehabilitation, 
                and general recovery of Ukraine in areas no longer 
                controlled by the Russian Federation, as certified by 
                the Secretary of State; and
                    (D) through such other manner as the Secretary 
                considers appropriate to promote the security, welfare, 
                and dignity of Ukrainian refugees, the recovery of the 
                economy of Ukraine, and the general welfare of the 
                people of Ukraine.
    (c) Report Required.--Not later than 180 days after the date of the 
enactment of this Act, and on an ongoing basis thereafter, the Attorney 
General, the Secretary of State, and the Administrator of the United 
States Agency for International Development shall jointly report to 
Congress on--
            (1) assets seized and liquidated as described in subsection 
        (a) and deposited into the Ukrainian Relief Fund established 
        under subsection (b); and
            (2) the use of amounts in the Ukrainian Relief Fund to 
        support Ukrainian refugees and the reconstruction of Ukraine.
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