To authorize the President of the United States to issue letters of marque and reprisal for the purpose of seizing the assets of certain Russian citizens, and for other purposes.

Bill: 117-hr-6869
Sponsor: full_name: Rep. Gooden, Lance [R-TX-5]
Introduced: 2022-02-28
Policy area: International Affairs
Subjects: Europe

Foreign property

Licensing and registrations

Russia

Sanctions
Latest action: action_date: 2022-02-28
text: Referred to the House Committee on Foreign Affairs.

Summaries:
action_date: 2022-02-28
action_desc: Introduced in House
text: <p>This bill authorizes the President to issue letters of marque and reprisal to privately armed individuals and entities to seize the assets of certain Russian citizens.</p> <p>Specifically, the holder of such a letter shall be authorized to employ all means reasonably necessary to seize any asset, such as a yacht or plane, outside of the United States that belongs to a Russian citizen on the Office of Foreign Asset Control's List of Specially Designated Nationals and Blocked Persons.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 6869 IN THE HOUSE OF REPRESENTATIVES February 28, 2022 Mr. Gooden of Texas introduced the following bill; which was referred to the Committee on Foreign Affairs A BILL To authorize the President of the United States to issue letters of marque and reprisal for the purpose of seizing the assets of certain Russian citizens, and for other purposes.

1. Issuance of letters of marque and reprisal for purpose of seizing assets of certain Russian citizens (a) Authority of President The President of the United States is authorized and requested to commission, under officially issued letters of marque and reprisal, so many of privately armed and equipped persons and entities as, in the judgment of the President, the service may require, with suitable instructions to the leaders thereof, to employ all means reasonably necessary to seize outside the geographic boundaries of the United States and its territories any yacht, plane, or other asset of any Russian citizen who is on the List of Specially Designated Nationals and Blocked Persons maintained by the Office of Foreign Assets Control of the Department of the Treasury. (b) Security bonds No letter of marque and reprisal shall be issued by the President without requiring the posting of a security bond in such amount as the President shall determine is sufficient to ensure that the letter be executed according to the terms and conditions thereof.