Sanctions Recovery Act of 2024

This bill allows the Treasury's Office of Foreign Assets Control (OFAC) to use 5% of foreign assets seized through U.S. sanctions enforcement to cover its operational costs. The funds would be deposited into OFAC's existing programs account and used for the same purposes as regular budget appropriations. It directly affects OFAC's budget management by creating a new revenue stream from seized assets. The bill makes no changes to sanctions policy itself, only to how costs are recovered from assets already seized.