A bill to authorize the confiscation of assets of the Russian Federation and the use of such assets to offset costs to the United States of assistance to Ukraine.

This bill (S 536) authorizes the U.S. President to seize Russian government funds held under U.S. jurisdiction. Confiscated funds would be deposited into the U.S. Treasury to directly offset costs paid by the U.S. for emergency aid to Ukraine in fiscal year 2023. The bill grants the President authority to confiscate these assets through licenses or other means, with all rights to the funds vesting in the U.S. government. It directly affects Russian assets within U.S. jurisdiction and impacts how U.S. aid costs for Ukraine are funded.