Sec. 5829. Attorney General authority to transfer forfeited Russian assets to assist Ukraine
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/bill/117/hr/7900/pcs/section-5829·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subject to appropriations for such purpose, 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. ). The Attorney General, in consultation with the Secretary of the Treasury and the Secretary of State, shall provide a semiannual report to the appropriate congressional committees on any transfers made pursuant to subsection (a).
In this section: The term covered forfeited property means property seized by the Department of Justice under chapter 46 or section 1963 of title 18, United States Code, which property belonged to or was possessed by a person subject to sanctions and designated by the Secretary of Treasury or the Secretary of State, 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 term appropriate congressional committees means— the Committees on the Judiciary of the House of Representatives and of the Senate; the Committee on Foreign Affairs of the House of Representatives and the Committee on Foreign Relations of the Senate; the Committee on Financial Services of the House of Representatives and the Committee on Finance of the Senate; and the Committees on Appropriations of the House of Representatives and of the Senate. The authority under this section shall apply to any covered forfeited property seized on or before the date of the enactment of this Act and on or before May 1, 2025.
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Sec. 5829
Attorney General authority to transfer forfeited Russian assets to assist Ukraine
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