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118th Congress Taxation

H.R. 6416: Russian War Crimes in Ukraine Tax Act

Introduced

  1. Introduced (completed)Nov 15, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Nov 15, 2023

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

63

Bipartisan support.

Who scored on this bill

18 points earned
  1. 1Lloyd Doggett D-TX SponsorDrew cross-party cosponsors, reached a cosponsor milestone, introduced4 events+18
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

History

  1. Nov 15, 2023Introduced in the House by Lloyd Doggett.
Show the full action history (4 actions)
  1. Dec 13, 2023Committee Consideration and Mark-up Session Held
  2. Dec 13, 2023Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 41 - 5.
  3. Nov 15, 2023Introduced in House
  4. Nov 15, 2023Referred 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.