118th Congress · HOUSE BILLBILL

H.R. 5370 — Ukraine Reconstruction Act of 2023

“To declare the Russian Federation an Aggressor State and provide for the transfer of blocked assets of such country to the United States to be used for the reconstruction of Ukraine, and for other purposes.”

International affairs

Introduced Sep 8, 2023

Last action Sep 8, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 8, 2023

Step 2

Referred

Sep 8, 2023

Foreign Affairs

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill requires the President to declare Russia an aggressor state and Belarus an affiliated aggressor state and to impose property-blocking sanctions on each. The Department of the Treasury shall transfer such blocked property to an international fund to hold such assets for the reconstruction of Ukraine. The Department of State shall work with other countries to establish an international compensation tribunal to adjudicate claims presented by Ukraine, including Ukrainian individuals and entities, against Russia and Belarus.

Provisions · 11 sectionsIntroduced in House

Timeline · 2 actions

Sep 8, 2023

Introduced in House

Sep 8, 2023

Referred to the House Committee on Foreign Affairs.