REPO Implementation Act of 2025
Sponsors
Legislative Progress
IntroducedReported by Mr. Risch, without amendment
Mr. Whitehouse (for himself, Mr. Risch, Mrs. Shaheen, Mr. Grassley, …
Mr. Whitehouse (for himself, Mr. Risch, Mrs. Shaheen, Mr. Grassley, …
Summary
What This Bill Does
The REPO for Ukrainians Implementation Act strengthens how the U.S. handles approximately $300 billion in frozen Russian sovereign assets. It requires the Treasury to invest these assets in interest-bearing U.S. government obligations, mandates the State Department to disburse at least $250 million quarterly to Ukraine from the Ukraine Support Fund, and directs diplomatic efforts to convince G7 and EU allies to repurpose 5% of their frozen Russian assets each quarter for Ukraine.
Who Benefits and How
Ukraine benefits from guaranteed, regular financial assistance—at least $250 million every 90 days—funded by frozen Russian assets rather than U.S. taxpayer appropriations.
The Ukraine Support Fund grows through interest earned on invested assets, maximizing the value extracted from frozen Russian holdings.
U.S. foreign policy gains leverage by citing the Porto Declaration (unanimously adopted by the OSCE Parliamentary Assembly in July 2025) calling on all participating states to unlock Russian assets for Ukraine.
Who Bears the Burden and How
Russia bears the primary burden as its frozen sovereign assets are used to fund Ukraine's defense and reconstruction—assets that would otherwise remain idle or potentially be returned.
The Treasury Department must manage investments within 45 days of enactment and ensure compliance with interest-bearing obligation requirements.
G7 and EU countries face sustained U.S. diplomatic pressure to repurpose at least 5% of Russian assets in their jurisdictions each quarter—a significant ask given some allies' concerns about precedent-setting asset seizures.
Key Provisions
- Mandatory investment of Ukraine Support Fund assets in interest-bearing U.S. Treasury obligations within 45 days
- Quarterly disbursements of at least $250 million to Ukraine while funds remain
- Porto Declaration recognition citing unanimous OSCE call to unlock full $300 billion in Russian assets
- Reporting requirements on Russian assets in covered countries (90 days) and non-covered countries (270 days)
- Diplomatic mandate for State and Treasury to urge allies to repurpose 5% of their frozen Russian assets quarterly
- Technical fix extending judicial review provisions to cover the entire REPO Act division
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Strengthens the implementation of the REPO for Ukrainians Act by requiring frozen Russian sovereign assets to be invested in interest-bearing U.S. obligations, mandating quarterly disbursements of at least $250 million to Ukraine, and launching diplomatic efforts to persuade G7 and EU countries to repurpose 5% of Russian assets quarterly for Ukraine.
Policy Domains
Legislative Strategy
"Operationalize the seizure of approximately $300 billion in frozen Russian assets by creating investment and disbursement mechanisms, while building international coalition support through the Porto Declaration"
Likely Beneficiaries
- Ukraine (guaranteed quarterly assistance of $250M minimum)
- Ukraine Support Fund (earns interest on invested assets)
- U.S. diplomatic leverage (new tool for international coordination)
Likely Burden Bearers
- Russian Federation (assets used against its interests)
- Treasury Department (investment and management requirements)
- G7/EU countries (diplomatic pressure to repurpose their frozen Russian assets)
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_president"
- → President of the United States
- "the_secretary_state"
- → Secretary of State
- "the_secretary_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
Australia and any country that is a member of the G7 or the European Union, other than the United States.
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