HR2913-119

What This Bill Does

The Ukraine Support Act combines political support for Ukraine with operational tools. It expands war-risk insurance eligibility for vessels moving cargo to or from Ukraine, creates a State Department Insurance for Ukraine Initiative, codifies a Special Coordinator for Ukrainian Reconstruction, supports Radio Free Europe/Radio Liberty with 250,000,000 dollars for fiscal year 2026, and uses the Countering Russian Influence Fund for Ukraine-focused disinformation work. It creates a Ukraine Reconstruction Trust Fund, extends lend-lease and direct loan or foreign military financing authority for Ukraine and NATO allies, supports Baltic countries, and requires reports on allied contributions and intelligence cooperation. The sanctions titles require trigger determinations and then sanctions or controls against Russian financial institutions, oil and mining sectors, Russia-supporting persons, Crimea tunnel participants, Zaporizhzhia and Rosatom actors, price-cap vessels, SWIFT access, sovereign debt, Russia-North Korea cooperation, forced transfer of Ukrainian children, dual-use exports, Russian duties, and Russian energy import loopholes, while requiring congressional review before sanctions relief.

Who Benefits and How

The Government of Ukraine benefits from reconstruction coordination, war-risk insurance diplomacy, DFC support, a reconstruction trust fund, and continued security financing tools. Ukrainian exporters and grain shippers benefit because covered vessels moving cargo to or from Ukraine become eligible for federal war-risk insurance or reinsurance. Radio Free Europe/Liberty benefits from authorized fiscal year 2026 funding and direction to restore capacity, expand bureaus, and counter Russian disinformation. NATO allies and Baltic countries benefit from lend-lease, loan, foreign military financing, and security-support provisions aimed at sustaining Ukraine and eastern flank defense. Ukraine reconstruction contractors and war-risk insurance providers benefit from new coordination, capital-mobilization, and insurance-support channels.

Who Bears the Burden and How

Russian financial institutions face sanctions after the statutory trigger, including restrictions on correspondent accounts and other financial access. Russian oil companies and Russian mining companies face sectoral sanctions, duties, import restrictions, and pressure on price-cap shipping networks. Rosatom-linked nuclear actors and Zaporizhzhia-related actors face sanctions tied to Russia's nuclear sector and occupation conduct. The Department of State, Treasury Department, and Defense Department must stand up coordination offices, reports, waiver processes, sanctions implementation, and congressional-review materials.

Key Provisions

• Creates State Department reconstruction and insurance structures for Ukraine, including the Insurance for Ukraine Initiative and a Special Coordinator.
• Authorizes 250,000,000 dollars for Radio Free Europe/Radio Liberty in fiscal year 2026 and directs Ukraine-focused disinformation support.
• Extends lend-lease, direct loan, and foreign military financing tools for Ukraine and NATO allies through fiscal year 2026.
• Requires sanctions on Russian banks, oil firms, mining firms, Rosatom actors, SWIFT access, price-cap vessels, sovereign debt, and Russia-North Korea cooperation after trigger determinations.
• Restricts Russian energy imports and duties while requiring congressional review before major Russia sanctions relief.