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Code · BILL · 119th Congress · S. 2918 (Introduced in Senate) — To amend the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to improve the implementation of the s... · Sec. 6

Sec. 6. Engagement with certain foreign countries

368 words·~2 min read·/bill/119/s/2918/is/section-6

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Title II of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (division F of Public Law 118–50 ; 22 U.S.C. 9521 note) is amended by adding at the end the following: Not later than 90 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025 , the President shall submit to the appropriate congressional committees a report specifying— the covered countries in which Russian sovereign assets are located; the amount of such assets in each such country; and a description of such assets, including— whether or not such assets are frozen, blocked, or immobilized; and whether or not such assets are accruing interest.
Not later than 270 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025 , the President shall submit to the appropriate congressional committees a report specifying— the foreign countries that are not covered countries in which Russian sovereign assets are located; the amount of such assets in each such country; and a description of such assets, including— whether or not such assets are frozen, blocked, or immobilized; and whether or not such assets are accruing interest.
The reports required by paragraphs
(1)and
(2)shall be submitted in unclassified form but may include a classified annex. Not later than 30 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025 , the Secretary of State, in coordination with the Secretary of the Treasury, should commence a robust, sustained, diplomatic effort to persuade the government of each covered country to begin repurposing, on a quarterly basis, an amount that is not less than 5 percent of the Russian sovereign assets located in that country for the benefit of Ukraine. In this section, the term covered country means Australia and any country that is a member of the G7 or the European Union, other than the United States. . The table of contents in section 1 of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (division F of Public Law 118–50 ; 22 U.S.C. 9521 note) is amended by inserting after the item relating to section 108 the following: Sec. 109. Engagement with foreign countries. .
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Sec. 6
Engagement with certain foreign countries
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