,,ii #aahth ,,congress #b;d ,session ,s4 #djhf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #i1 #bjbd,mr4 ,daines 7for himself and ,mr4 ,cramer7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to authorize the confiscation and repurposing of blocked assets of the ,central ,bank of the ,russian ,federation4 #a4 ,recognition of national emergency2 findings ,congress recognizes the national emergency declared and expanded under the covered ,executive orders and makes the following findings3 7#a7 ,on ,february #bd1 #bjbb1 the ,government of the ,russian ,federation violated the sovereignty and territorial integrity of ,ukraine by engaging in a premeditated1 second illegal invasion of ,ukraine4 7#b7 ,the international community has condemned the illegal invasions of ,ukraine by the ,russian ,federation1 as well as the commission of war crimes by the ,russian ,federation1 including through the deliberate targeting of civilians and civilian infrastructure and the commission of sexual violence4 7#c7 ,as described in the statement of the leaders of the ,group of ,seven on the invasion of ,ukraine by armed forces of the ,russian ,federation1 issued on ,february #bd1 #bjbb1 the ,russian ,federation's unprovoked and completely unjustified attack on the democratic state of ,ukraine represents a serious violation of international law and a grave breach of the ,united ,nations ,charter and all commitments ,russia entered in the ,helsinki ,final ,act and the ,charter of ,paris and its commitments in the ,budapest ,memorandum4 7#d7 ,the total of the efforts of the international community1 including sanctions1 price caps1 and asset seizures1 and the combined contributions of more than #ij1jjj1jjj1jjj worth of military support to ,ukraine1 have not deterred the ,russian ,federation from instigating and continuing international aggression4 7#e7 ,on ,march #b1 #bjbb1 the ,united ,nations ,general ,assembly adopted ,resolution ,,es-#aa_/a1 entitled ,aggression against ,ukraine1 by a vote of #ada to #e4 ,that resolution deplored in the strongest terms the aggression by the ,russian ,federation against ,ukraine in violation of ,article #b7d7 of the ,united ,nations ,charter and demanded that the ,russian ,federation immediately cease its use of force against ,ukraine and immediately1 completely and unconditionally withdraw all of its military forces from the territory of ,ukraine within its internationally recognized borders4 7#f7 ,on ,november #ad1 #bjbb1 the ,united ,nations ,general ,assembly adopted ,resolution ,,es-#aa_/e-- 7,a7 recognizing that the ,russian ,federation must bear the legal consequences of all of its internationally wrongful acts1 including making reparation for the injury1 including any damage1 caused by such acts2 7,b7 recognizing the need for the establishment ''' of an international mechanism for reparation for damage1 loss or injury caused by the ,russian ,federation in ,ukraine2 and 7,c7 recommending the creation ''' of an international register of such damage1 loss1 or injury4 7#g7 ,on ,march #ag1 #bjbc1 the ,international ,criminal ,court issued a warrant for the arrest of ,russian ,president ,vladimir ,putin relating to the following war crimes3 7,a7 ,unlawful deportation of population 7children7 in violation of article #h7b77;a77vii7 of the ,rome ,statute4 7,b7 ,unlawful transfer of population 7children7 from occupied areas of ,ukraine to the ,russian ,federation in violation of article #h7b77;a77vii7 of the ,rome ,statute4 #b4 ,authority to confiscate blocked assets of the ,central ,bank of the ,russian ,federation 7a7 ,sense of ,congress ,it is the sense of ,congress that-- 7#a7 efforts to repurpose assets of the ,government of the ,russian ,federation are not being taken lightly2 7#b7 policies of the ,united ,states in effect before the date of the enactment of this ,act have failed to persuade the ,government of the ,russian ,federation to cease hostilities2 and 7#c7 the facts set forth in subsection 7b7 justify the authorization provided by this ,act to confiscate and repurpose assets of the ,government of the ,russian ,federation4 7b7 ,findings ,congress makes the following findings3 7#a7 ,the ,government of the ,russian ,federation is committing acts of international aggression that directly or indirectly threaten the national security of the ,united ,states and other members of the ,north ,atlantic ,treaty ,organization4 7#b7 ,the ,government of the ,russian ,federation is actively conducting activities that undermine the peace1 security1 political stability1 and territorial integrity of the ,united ,states or allies or partners of the ,united ,states4 7#c7 ,the ,government of the ,russian ,federation is pursuing deceptive or structured transactions or dealings to circumvent sanctions imposed by the ,united ,states1 including through the use of digital currencies or assets or the use of physical assets4 7#d7 ,the ,international ,criminal ,court has issued a warrant for the arrest of the ,president of the ,russian ,federation4 7#e7 ,the ,united ,nations ,general ,assembly has adopted a resolution demanding for the cessation of hostilities by the ,russian ,federation against the sovereign state of ,ukraine4 7#f7 ,president ,joseph ,r4 ,biden has declared a national emergency and issued not less than #d ,executive orders to deter aggression against ,ukraine by the ,russian ,federation4 7c7 ,authorization of confiscation 7#a7 ,in general ,the ,president may confiscate1 through instructions or licenses or in such other manner as the ,president determines appropriate1 funds of the ,central ,bank of the ,russian ,federation that are subject to the jurisdiction of the ,united ,states and are blocked pursuant to a covered ,executive order4 7#b7 ,vesting ,all right1 title1 and interest in funds confiscated under paragraph 7#a7 shall vest in the ,government of the ,united ,states4 7#c7 ,deposits ,the ,president shall deposit funds confiscated under paragraph 7#a7 into the fund established under section #c4 #c4 ,international ,response ,fund 7a7 ,establishment ,the ,president shall establish a non-interest-bearing account1 to be known as the ,international ,response ,fund 7in this section referred to as the ,fund71 to consist of-- 7#a7 amounts deposited into the account under section #b7;c72 or 7#b7 amounts contributed by countries that are allies or partners of the ,united ,states4 7b7 ,availability and use of funds ,amounts in the ,fund shall be available1 to the agencies and in the amounts provided in appropriations ,acts making supplemental appropriations for assistance and activities related to ,ukraine-- 7#a7 to finance the provision of materials to ,ukraine that have direct application to ongoing territorial defense of ,ukraine by ,ukrainian and international forces2 or 7#b7 to compensate such agencies for materials described in paragraph 7#a7 provided to ,ukraine before the date of the enactment of this ,act4 7c7 ,reports required 7#a7 ,in general ,not later than #ij days after the date of the enactment of this ,act1 and every #ij days thereafter1 the ,president shall submit to ,congress a report-- 7,a7 specifying the amounts in the ,fund obligated during the #ij-;day period preceding submission of the report2 and 7,b7 describing the materials procured using such amounts4 7#b7 ,form ,each report required by paragraph 7#a7 shall be submitted in unclassified form but may include a classified annex4 #d4 ,rules of construction ,nothing in this ,act may be construed-- 7#a7 to affect the authorities of the ,president under the ,international ,emergency ,economic ,powers ,act 7#ej ,u4,s4,c4 #agja et seq472 or 7#b7 to authorize the provisions of funds to ,ukraine to repay loans made to ,ukraine by other countries4 #e4 ,definition of covered ,executive order ,in this ,act1 the term covered ,executive order means any of the following3 7#a7 ,executive ,order #adjbd 7#ej ,u4,s4,c4 #agja note2 relating to blocking property with respect to specified harmful foreign activities of the ,government of the ,russian ,federation74 7#b7 ,executive ,order #adjfe 7#ej ,u4,s4,c4 #agja note2 relating to blocking property of certain persons and prohibiting certain transactions with respect to continued ,russian efforts to undermine the sovereignty and territorial integrity of ,ukraine74 7#c7 ,executive ,order #adjfh 7#ej ,u4,s4,c4 #agja note2 relating to prohibiting certain imports1 exports1 and new investment with respect to continued ,russian ,federation aggression74 7#d7 ,executive ,order #adjga 7#ej ,u4,s4,c4 #agja note2 relating to prohibiting new investment in and certain services to the ,russian ,federation in response to continued ,russian ,federation aggression74