Make Putin Pay Act

HR 5925, the "Make Putin Pay Act," authorizes the U.S. government to seize Russian assets (including funds from oligarchs and sovereign assets of Russia's government or central bank) that are already blocked under existing sanctions. The bill directs that proceeds from these seized assets must first reimburse the U.S. government for costs incurred since Russia's 2022 invasion of Ukraine - specifically the $113 billion spent through July 2023 - before funding future Ukraine-related support, equipment, humanitarian aid, or reconstruction. It requires the Treasury to submit detailed reports every six months on how these funds are spent. The bill does not create new sanctions but specifies how existing seized assets should be used.