A bill to authorize the confiscation and repurposing of blocked assets of the Central Bank of the Russian Federation.

This bill authorizes the U.S. government to confiscate Russian Central Bank assets already blocked under existing sanctions (via Executive Orders 14024, 14065, 14068, or 14071) and repurpose them to support Ukraine. Confiscated funds would be deposited into a new "International Response Fund" to finance military materials directly used for Ukraine's territorial defense, including compensating for previously provided aid. The fund must be used solely for defense-related materials procured by U.S. agencies, with the President required to report quarterly to Congress on fund usage. The bill does not create new sanctions but redirects existing blocked assets toward Ukraine's military needs.