,,ii  #aaith ,,congress  #ast ,session  
,s4 #biah  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ai 
7legislative day1 ,september #af71      
#bjbe,mr4 ,whitehouse 7for himself1 ,mr4
 ,risch1 ,mrs4 ,shaheen1 ,mr4 ,grassley1
 ,mr4 ,blumenthal1 and ,mr4 ,graham7    
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,foreign ,relations  ,a   
,,bill  ,to amend the ,rebuilding       
,economic ,prosperity and ,opportunity  
for ,ukrainians ,act to improve the     
implementation of the seizure of        
,russian sovereign assets for the       
benefit of ,ukraine1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,,repo for          
,ukrainians ,implementation ,act of     
#bjbe or the ,,repo ,implementation ,act
 of #bjbe4  #b4 ,recognition of ,porto  
,declaration of ,organization for       
,security and ,co-operation in ,europe  
,section #aja7;a7 of the ,rebuilding    
,economic ,prosperity and ,opportunity  

for ,ukrainians ,act 7division ,f of    
,public ,law #aah-ej2 #bb ,u4,s4,c4     
#ieba note7 is amended by adding at the 
end the following3  7#aj7 ,every member 
of the ,european ,union1 including      
,belgium1 and all but one member of the 
,g#g1 are also participating states of  
the ,organization for ,security and     
,cooperation in ,europe4  7#aa7 ,on     
,july #c1 #bjbe1 the ,parliamentary     
,assembly of the ,organization for      
,security and ,cooperation in ,europe   
adopted unanimously in plenary session  
the ,porto ,declaration1 which calls on 
,,osce participating ,states to unlock  
the full value of an estimated ,u4,s4   
#cjj billion in ,russian sovereign      
assets frozen across the region by      
repurposing the underlying principal1 in
 sizeable increments and on a regular   
and timely schedule1 for ,ukraine until 
the ,russian ,federation ends its       
aggression and agrees to compensate     
,ukraine for damages directly resulting 
from the war4  4  #c4 ,transfer of      

assets to ,ukraine ,support ,fund       
,section #ajd7;b77#b7 of the ,rebuilding
 ,economic ,prosperity and ,opportunity 
for ,ukrainians ,act 7division ,f of    
,public ,law #aah-ej2 #bb ,u4,s4,c4     
#ieba note7 is amended-- 7#a7 in the    
heading1 by striking ,vesting and       
inserting ,status of assets2  7#b7 by   
striking ,for funds confiscated and     
inserting the following3  7,a7 ,vesting 
of confiscated funds ,for funds         
confiscated  2 and  7#c7 by adding at   
the end the following3  7,b7 ,transfer  
of funds not confiscated ,for the       
purpose of placing ,russian aggressor   
state sovereign assets into an          
interest-bearing account1 the ,president
 may transfer such funds into the       
,ukraine ,support ,fund without         
confiscating such funds4  4  #d4        
,investment of amounts in ,ukraine      
,support ,fund  7a7 ,in general ,section
 #ajd7;d7 of the ,rebuilding ,economic  
,prosperity and ,opportunity for        
,ukrainians ,act 7division ,f of ,public

 ,law #aah-ej2 #bb ,u4,s4,c4 #ieba note7
 is amended-- 7#a7 in paragraph 7#a7--  
7,a7 by striking of any funds and       
inserting the following3 8of--  7,a7 any
 funds  2  7,b7 by striking the period  
at the end and inserting 2 and2 and     
7,c7 by adding at the end the following3
  7,b7 any amounts that may be credited 
to the account under paragraph 7#c74  2 
and  7#b7 by adding at the end the      
following3  7#c7 ,investment of amounts 
7,a7 ,investment of amounts ,the        
,secretary of the ,treasury shall invest
 such portion of the account established
 under paragraph 7#a7 as is not required
 to meet current withdrawals in         
interest-bearing obligations of the     
,united ,states or in obligations       
guaranteed as to both principal and     
interest by the ,united ,states4  7,b7  
,interest and proceeds ,the interest on1
 and the proceeds from the sale or      
redemption of1 any obligations held in  
the account established under paragraph 
7#a7 shall be credited to and form a    

part of the account4  4  7b7            
,implementation ,the ,president shall   
ensure that funds in the ,ukraine       
,support ,fund established under section
 #ajd7;d7 of the ,rebuilding ,economic  
,prosperity and ,opportunity for        
,ukrainians ,act are invested as        
required by paragraph 7#c7 of that      
section1 as added by subsection 7a71 by 
not later than the date that is #de days
 after the date of the enactment of this
 ,act4  #e4 ,quarterly obligation of    
funds in ,ukraine ,support ,fund to     
benefit ,ukraine  7a7 ,in general       
,section #ajd7;f7 of the ,rebuilding    
,economic ,prosperity and ,opportunity  
for ,ukrainians ,act 7division ,f of    
,public ,law #aah-ej2 #bb ,u4,s4,c4     
#ieba note7 is amended by adding at the 
end the following3  7#d7 ,quarterly     
obligations  7,a7 ,in general ,not less 
frequently than every #ij days while    
funds remain in the ,ukraine ,support   
,fund1 the ,secretary of ,state may     
obligate and expend1 from the ,fund1 an 

amount that is not less than            
#bej1jjj1jjj 7except as provided by     
subparagraph 7,b77 for the purpose of   
providing assistance to ,ukraine under  
this subsection4  7,b7 ,final amounts in
 ,fund ,when less than #bej1jjj1jjj     
remains in the ,fund1 the ,secretary of 
,state may obligate and expend the      
remaining amount for the purpose of     
providing assistance to ,ukraine under  
this subsection4  4  7b7 ,implementation
 ,it is the sense of ,congress that the 
,president should ensure that the first 
obligation of amounts pursuant to       
paragraph 7#d7 of section #ajd7;f7 of   
the ,rebuilding ,economic ,prosperity   
and ,opportunity for ,ukrainians ,act1  
as added by subsection 7a71 occurs not  
later than the date that is #fj days    
after the date on which ,russian        
sovereign assets are deposited in the   
,ukraine ,support ,fund4  #f4           
,engagement with certain foreign        
countries  7a7 ,in general ,title ,,ii  
of the ,rebuilding ,economic ,prosperity

 and ,opportunity for ,ukrainians ,act  
7division ,f of ,public ,law #aah-ej2   
#bb ,u4,s4,c4 #ieba note7 is amended by 
adding at the end the following3  #aji4 
,engagement with foreign countries  7a7 
,reports required  7#a7 ,covered country
 report ,not later than #ij days after  
the date of the enactment of the ,,repo 
for ,ukrainians ,implementation ,act of 
#bjbe1 the ,president shall submit to   
the appropriate congressional committees
 a report specifying-- 7,a7 the covered 
countries in which ,russian sovereign   
assets are located2  7,b7 the amount of 
such assets in each such country2 and   
7,c7 a description of such assets1      
including-- 7i7 whether or not such     
assets are frozen1 blocked1 or          
immobilized2 and  7ii7 whether or not   
such assets are accruing interest4  7#b7
 ,report on non-covered countries ,not  
later than #bgj days after the date of  
the enactment of the ,,repo for         
,ukrainians ,implementation ,act of     
#bjbe1 the ,president shall submit to   

the appropriate congressional committees
 a report specifying-- 7,a7 the foreign 
countries that are not covered countries
 in which ,russian sovereign assets are 
located2  7,b7 the amount of such assets
 in each such country2 and  7,c7 a      
description of such assets1 including-- 
7i7 whether or not such assets are      
frozen1 blocked1 or immobilized2 and    
7ii7 whether or not such assets are     
accruing interest4  7#c7 ,form ,the     
reports required by paragraphs 7#a7 and 
7#b7 shall be submitted in unclassified 
form but may include a classified annex4
  7b7 ,sense of ,congress on engagement 
,not later than #cj days after the date 
of the enactment of the ,,repo for      
,ukrainians ,implementation ,act of     
#bjbe1 the ,secretary of ,state1 in     
coordination with the ,secretary of the 
,treasury1 should commence a robust1    
sustained1 diplomatic effort to persuade
 the government of each covered country 
to begin repurposing1 on a quarterly    
basis1 an amount that is not less than  

#e percent of the ,russian sovereign    
assets located in that country for the  
benefit of ,ukraine4  7c7 ,covered      
country defined ,in this section1 the   
term covered country means ,australia   
and any country that is a member of the 
,g#g or the ,european ,union1 other than
 the ,united ,states4  4  7b7 ,clerical 
amendment ,the table of contents in     
section #a of the ,rebuilding ,economic 
,prosperity and ,opportunity for        
,ukrainians ,act 7division ,f of ,public
 ,law #aah-ej2 #bb ,u4,s4,c4 #ieba note7
 is amended by inserting after the item 
relating to section #ajh the following3 
,sec4 #aji4 ,engagement with foreign    
countries4  4  #g4 ,modification of     
judicial review provision ,section      
#ajd7k7 of the ,rebuilding ,economic    
,prosperity and ,opportunity for        
,ukrainians ,act 7division ,f of ,public
 ,law #aah-ej2 #bb ,u4,s4,c4 #ieba note7
 is amended by striking this section    
each place it appears and inserting this
 division4  #h4 ,technical corrections  

,the ,rebuilding ,economic ,prosperity  
and ,opportunity for ,ukrainians ,act   
7division ,f of ,public ,law #aah-ej2   
#bb ,u4,s4,c4 #ieba note7 is amended--  
7#a7 in section #b7b71 by striking      
paragraph 7#g7 and inserting paragraph  
7#f72  7#b7 in section #aja7;a7-- 7,a7  
in paragraph 7#d71 by striking deplored 
and inserting deplored2 and  7,b7 in    
paragraph 7#f71 in the matter preceding 
subparagraph 7,a71 by striking a        
resolution and inserting ,resolution    
,,es-#aa_/e2  7#c7 in section #ajb7f71  
by striking the period at the end and   
inserting a semicolon2  7#d7 in section 
#ajc7;a71 in the matter preceding       
paragraph 7#a71 by striking section     
#ajd7;j7 and inserting section #ajd7l72 
7#e7 in section #ajd-- 7,a7 in          
subsection 7a71 by striking section     
#eja4fjc7;b77ii7 and inserting section  
#eja4fjc7;b77#a77;ii72  7,b7 in         
subsection 7d77#b71 by striking accounts
 and inserting account2 and  7,c7 in    
subsection 7f77#a71 by striking ,funds  

and inserting funds2 and  7#f7 in       
section #aje-- 7,a7 in subsection 7a71  
in the matter preceding paragraph 7#a71 
by striking section #ajd7;c7 and        
inserting section #ajd7;d72  7,b7 in    
subsection 7b71 by striking section     
#ajd7;f7 and inserting section #ajd7;g72
 and  7,c7 in subsection 7f71 by        
striking subsection 7c77#b7 and         
inserting subsection 7c74