S. 4283 — Introduced in Senate

II 117th CONGRESS 2d Session S. 4283 IN THE SENATE OF THE UNITED STATES May 19 (legislative day, May 17), 2022Mr. Daines introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 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. 1. Confiscation of assets of Russian Federation; use to offset costs to United States of aid to Ukraine (a) In general The President shall— (1) confiscate, through instructions or licenses or in such other manner as the President determines appropriate, funds of the Government of the Russian Federation that are subject to the jurisdiction of the United States; and (2) deposit funds confiscated under paragraph (1) in the general fund of the Treasury to offset the costs of amounts appropriated by any Act making emergency supplemental appropriations for assistance for the situation in Ukraine for the fiscal year ending September 30, 2022. (b) Vesting All right, title, and interest in funds confiscated under subsection (a) shall vest in the Government of the United States.