Title: Oligarch Assets for Ukrainian Victory Act of 2022
Policy area: International Affairs

Summary:
Oligarch Assets for Ukrainian Victory Act of 2022
This bill authorizes the Department of Justice to transfer to the Department of State the proceeds of property that was seized pursuant to sanctions imposed on individuals and entities involved with certain Russian government activities (e.g., malicious cyber activities and interference in U.S. elections), to be used to provide assistance to Ukraine to remediate harms caused by Russian aggression towards Ukraine.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8156 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 8156

 To authorize the Attorney General to transfer the proceeds of certain 
forfeited property to remediate the harms of Russian aggression towards 
                    Ukraine, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2022

 Mr. Cohen (for himself, Mr. Wilson of South Carolina, Mr. Malinowski, 
Mr. Fitzpatrick, Mr. Keating, and Mr. Curtis) introduced the following 
  bill; which was referred to the Committee on the Judiciary, and in 
   addition to the Committee on Foreign Affairs, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
 To authorize the Attorney General to transfer the proceeds of certain 
forfeited property to remediate the harms of Russian aggression towards 
                    Ukraine, 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 ``Oligarch Assets for Ukrainian 
Victory Act of 2022''.

SEC. 2. ATTORNEY GENERAL AUTHORITY TO TRANSFER FORFEITED RUSSIAN ASSETS 
              TO ASSIST UKRAINE.

    (a) Authorization.--The Attorney General may transfer to the 
Secretary of State the proceeds of any covered forfeited property, for 
use by the Secretary of State to provide assistance to Ukraine to 
remediate the harms of Russian aggression towards Ukraine. Any such 
transfer shall be considered foreign assistance under the Foreign 
Assistance Act of 1961 (22 U.S.C. 2151 et seq.).
    (b) Report.--The Attorney General, in consultation with the 
Secretary of the Treasury and the Secretary of State, shall provide a 
semiannual report the appropriate congressional committees on any 
transfers made pursuant to subsection (a).
    (c) Definitions.--In this section:
            (1) The term ``covered forfeited property'' means property 
        seized by the Department of Justice under chapter 46 or section 
        1963 of title 18, United States Code, which property belonged 
        to or was possessed by a person or entity designated by the 
        Secretary of the Treasury or the Secretary of State, pursuant 
        to Executive Order 14024, as subject to sanctions.
            (2) The term ``appropriate congressional committees'' 
        means--
                    (A) the Committees on the Judiciary of the House of 
                Representatives and of the Senate;
                    (B) the Committee on Foreign Affairs of the House 
                of Representatives and the Committee on Foreign 
                Relations of the Senate;
                    (C) the Committees on Appropriations of the House 
                of Representatives and of the Senate; and
                    (D) the Committee on Financial Services of the 
                House of Representatives and the Committee on Finance 
                of the Senate.
    (d) Sunset.--The authority under this section expires on May 1, 
2025.
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