Sec. 1708.
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/bill/117/hr/2617/unknown/section-1708A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Attorney General may transfer to the Secretary of State the proceeds of any covered forfeited property for use by the Secretary of State to provide assistance to Ukraine to remediate the harms of Russian aggression towards Ukraine. Any such transfer shall be considered foreign assistance under the Foreign Assistance Act of 1961 ( 22 U.S.C. 2151 et seq. ), including for purposes of making available the administrative authorities and implementing the reporting requirements contained in that Act.
Not later than 15 days after any transfers made pursuant to subsection (a), the Attorney General, in consultation with the Secretary of the Treasury and the Secretary of State, shall submit a report describing such transfers to the appropriate congressional committees. In this section: The term appropriate congressional committees means— the Committee on the Judiciary of the Senate ; the Committee on Foreign Relations of the Senate ; the Committee on Banking, Housing, and Urban Affairs of the Senate ; the Committee on Appropriations of the Senate ; the Committee on the Judiciary of the House of Representatives ; the Committee on Foreign Affairs of the House of Representatives ; the Committee on Financial Services of the House of Representatives ; and the Committee on Appropriations of the House of Representatives .
The term covered forfeited property means property forfeited under chapter 46 or section 1963 of title 18, United States Code, which property belonged to, was possessed by, or was controlled by a person subject to sanctions and designated by the Secretary of the Treasury or the Secretary of State, or which property was involved in an act in violation of sanctions enacted pursuant to Executive Order 14024, and as expanded by Executive Order 14066 of March 8, 2022, and relied on for additional steps taken in Executive Order 14039 of August 20, 2021, and Executive Order 14068 of March 11, 2022.
The authority under this section shall apply to any covered forfeited property forfeited on or before May 1, 2025.
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