IN THE SENATE OF THE UNITED STATES
March 28, 2022
Mr. Bennet (for himself and Mr. Portman) introduced the following bill; which was read twice and referred to the Committee on Foreign Relations
To provide for the use of seized Russian assets to provide support to citizens of Ukraine who have been made refugees as a result of the illegal invasion of Ukraine by the Russian Federation, and for other purposes.
This Act may be cited as the
Repurposing Elite Luxuries Into Emergency Funds for Ukraine Act.
Use of seized Russian assets to support Ukrainian refugees
Deposit of proceeds of seized assets
Notwithstanding section 524(c) of title 28, United States Code, or any other provision of law, the Attorney General shall deposit all proceeds resulting from the liquidation of assets seized as a result of actions taken by the Task Force KleptoCapture, as announced by the Attorney General on March 2, 2022, into the Ukrainian Relief Fund established under subsection (b).
Ukrainian Relief Fund
The Secretary of the Treasury shall establish an account, to be known as the
Ukrainian Relief Fund, to be available, as provided in advance in appropriations Acts—
to the Secretary of State for use, in consultation with the Administrator of the United States Agency for International Development, as specified in paragraph (2); and
to the Attorney General for administrative costs relating to the seizure and liquidation of assets through the Task Force KleptoCapture.
Use of funds to support Ukrainian refugees
Amounts in the Ukrainian Relief Fund shall be available to provide support to the people of Ukraine following the illegal invasion of Ukraine by the Russian Federation, including—
to promote the security, safety, health, well-being, and resettlement of Ukrainian refugees;
to support international or nonprofit organizations engaged in direct efforts to support Ukrainian refugees;
to support the reconstruction, rehabilitation, and general recovery of Ukraine in areas no longer controlled by the Russian Federation, as certified by the Secretary of State; and
through such other manner as the Secretary considers appropriate to promote the security, welfare, and dignity of Ukrainian refugees, the recovery of the economy of Ukraine, and the general welfare of the people of Ukraine.
Not later than 180 days after the date of the enactment of this Act, and on an ongoing basis thereafter, the Attorney General, the Secretary of State, and the Administrator of the United States Agency for International Development shall jointly report to Congress on—
assets seized and liquidated as described in subsection (a) and deposited into the Ukrainian Relief Fund established under subsection (b); and
the use of amounts in the Ukrainian Relief Fund to support Ukrainian refugees and the reconstruction of Ukraine.