118th Congress International Affairs
S. 2003: REPO for Ukrainians Act
Reported
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill requires or authorizes various actions related to the confiscation and disposition of Russian sovereign assets (which include funds and other property of Russia's central bank, direct investment fund, or ministry of finance).
Under the bill, the President must require U.S. financial institutions to notify the Department of the Treasury of any Russian sovereign assets located at such institutions. The President may confiscate any such assets subject to U.S. jurisdiction. Confiscated funds and the proceeds of liquidated property must be deposited into the Ukraine Support Fund established by the bill.
The Ukraine Support Fund shall be available to the Department of State only to compensate Ukraine for damages caused by the Russian invasion, including by providing funds to an international body or mechanism for (1) reconstruction and rebuilding efforts in Ukraine, (2) humanitarian assistance to the Ukrainian people, or (3) other purposes which support the recovery of Ukraine and the welfare of the Ukrainian people.
Read the full summary
The bill also directs the President to seek to establish, with foreign partners, an international mechanism to provide compensation to Ukraine using the Ukraine Support Fund and Russian sovereign assets confiscated by foreign partners.
Additionally, the bill sets policy on related topics, such as specifying that the United States should lead an international sanctions regime to freeze Russian sovereign assets in conjunction with allies and partners.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Sheldon Whitehouse D-RIOriginal
- Richard Blumenthal D-CT
- Pete Ricketts R-NE
- Roger Wicker R-MS
- Lindsey Graham R-SC
- Mark Kelly D-AZ
- Joe Manchin I-WV
- Katie Britt R-AL
- John Fetterman D-PA
- Michael Bennet D-CO
- Charles Grassley R-IA
- Mike Braun R-IN
- Peter Welch D-VT
- John Hickenlooper D-CO
- Mazie Hirono D-HI
- Rick Scott R-FL
- Todd Young R-IN
- Ted Cruz R-TX
- Catherine Cortez Masto D-NV
- John Cornyn R-TX
- Christopher Coons D-DE
- Jeanne Shaheen D-NH
- Michael Crapo R-ID
- John Kennedy R-LA
- John Reed D-RI
- Margaret Hassan D-NH
- Robert Casey D-PA
Who scored on this bill
- 1James Risch SponsorDrew cross-party cosponsors, introduced, reported, reached a cosponsor milestone4 events+32
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by James Risch
- S. 1257: To amend the Infrastructure Investment and Jobs Act to authorize the use of funds for certain additional Carey Act projects, and for other purposes
- S. 2753: Urban Canal Modernization Act
- S. 4726: PEACE in Sudan Act
- S. 2904: SHADOW Fleet Sanctions Act of 2026
- S. 2960: Deter PRC Aggression Against Taiwan Act
- S. 1478: Countering Wrongful Detention Act of 2025
History
- Introduced in the Senate by James Risch.
Show the full action history (6 actions)
- Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 118-550.
- Committee on Foreign Relations. Reported by Senator Cardin with an amendment in the nature of a substitute. Without written report.
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 316.
- Committee on Foreign Relations. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Introduced in Senate
- Read twice and referred to the Committee on Foreign Relations.