To authorize the seizure and forfeiture of assets of Russian kleptocrats, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To authorize the seizure and forfeiture of assets of Russian kleptocrats, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy, Trade, Defense.
Who Benefits and How
foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H1B7B6698A7524D94B722C52A183DE9DB: 1. Short title This Act may be cited as the Asset Seizure for Ukraine Reconstruction Act.
- Section H0B8E93BEB1D54D7EA91E92B4FE52BD8C: 2. National emergency declaration relating to harmful activities of Russian Federation relating to Ukraine The procedures under section 3 shall apply if the...
- Section H07328620A4214E1792F6034F1D9253A9: 3. Procedures Property may be forfeited through nonjudicial civil forfeiture under section 609 of the Tariff Act of 1930 (19 U.S.C. 1609), without regard to...
- Section H029037F23B5241ACBB7DE52CAF41B2EC: 4. Expansion of forfeited property available to remediate harms to Ukraine from Russian aggression Section 1708(c) of the Additional Ukraine Supplemental...
- Section HDDB763CD16D9493893B7C5A00BF4D761: 5. Rulemaking The Attorney General and the Secretary of the Treasury may prescribe regulations to carry out this Act without regard to the requirements of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To authorize the seizure and forfeiture of assets of Russian kleptocrats, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Key Policy Areas
Foreign Policy, Trade, Defense
Primary Purpose
This bill, To authorize the seizure and forfeiture of assets of Russian kleptocrats, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Policy Domains
Whole bill
Identified Gains
- foreign governments, international partners, and aid recipients
Identified Costs
- federal implementing agencies
- foreign governments, international partners, and aid recipients
Sponsors
Joe Wilson
R-SC | Primary Sponsor
Legislative Progress
IntroducedMr. Wilson of South Carolina (for himself and Mr. Cohen) …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology