Pipeline · Bill → Law
Step 1
Introduced
Nov 15, 2023
Step 2
Referred
Nov 15, 2023
Foreign Affairs · Ways & Means
Step 3
Committee
Dec 13, 2023
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill imposes a 100% excise tax on certain assets of Russia and Belarus that have been frozen in connection with the invasion of Ukraine. The bill establishes the Ukraine Reconstruction Trust Fund to hold tax revenues generated by this bill. Such revenues shall be used for the benefit of Ukraine, including reconstruction and rebuilding efforts, humanitarian assistance, and the fostering of long-term economic growth. The Department of State must direct the U.S. Permanent Representative to the United Nations to use U.S. influence to encourage the transfer of capital gains on Russian sovereign assets to Ukraine.
Timeline · 5 actions
Dec 13, 2023
Committee Consideration and Mark-up Session Held
Dec 13, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 5.
Nov 15, 2023
Introduced in House
Nov 15, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 15, 2023
Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.