HOUSE 5925118th CongressReferred to the House Committee on Foreign Affairs.

Make Putin Pay Act

Last Action: 10/25/2023

Actions

2023-10-25Referred to the House Committee on Foreign Affairs.
2023-10-11Introduced in House
2023-10-11Introduced in House

CRS Summary

As of 2023-10-11 (00)

Make Putin Pay Act

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.

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.