Oligarch Assets for Ukrainian Victory Act of 2022

Bill: 117-hr-8156
Sponsor: full_name: Rep. Cohen, Steve [D-TN-9]
Introduced: 2022-06-21
Policy area: International Affairs
Latest action: action_date: 2022-11-01
text: Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

Summaries:
action_date: 2022-06-21
action_desc: Introduced in House
text: <p><b>Oligarch Assets for Ukrainian Victory Act of 2022</b></p> <p>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.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 8156 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.

1. Short title This Act may be cited as the Oligarch Assets for Ukrainian Victory Act of 2022 . 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.