118th Congress · HOUSE BILLBILL

H.R. 5925 — Make Putin Pay Act

“To authorize the seizure of the property of certain sanctioned individuals for purposes of covering expenses relating to the Ukraine-Russia conflict, and for other purposes.”

International affairs

Introduced Oct 11, 2023

Last action Oct 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 11, 2023

Step 2

Referred

Oct 25, 2023

Foreign Affairs

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill authorizes the Department of the Treasury to seize and confiscate assets subject to the jurisdiction of the United States that are (1) blocked due to the imposition of sanctions on persons linked to Russian President Putin, or (2) Russian sovereign assets or owned by the Russian central bank. Proceeds from the sale of seized or confiscated assets will be made available to reimburse the United States for expenses related to the Russia-Ukraine conflict. Treasury must periodically report to Congress on the amount of proceeds obtained from the sale of seized and confiscated assets.

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Oct 25, 2023

Referred to the House Committee on Foreign Affairs.

Oct 11, 2023

Introduced in House