This bill would allow the US government to seize and use Russian government assets to help rebuild Ukraine and provide aid to the Ukrainian people after Russia's invasion. It would require US banks to report any Russian government money they hold, which the President could then confiscate and put into a special fund to support Ukraine.
Latest Action
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 40 - 2.
AI Summary
Plain-English explanation of this bill
This bill would allow the US government to seize and use Russian government assets to help rebuild Ukraine and provide aid to the Ukrainian people after Russia's invasion. It would require US banks to report any Russian government money they hold, which the President could then confiscate and put into a special fund to support Ukraine.
Last updated: 12/29/2025
Official Summary
Congressional Research Service summary
<p><b>Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act</b></p> <p>This bill requires or authorizes various actions related to the confiscation and disposition of Russian sovereign assets (which include funds and other property of Russia's central bank, direct investment fund, or ministry of finance).<br> <br> Under the bill, the President must require U.S. financial institutions to notify the Department of the Treasury of any Russian sovereign assets located at such institutions. The President may confiscate any such assets subject to U.S. jurisdiction. Confiscated funds and the proceeds of liquidated property must be deposited into the Ukraine Support Fund established by the bill. <br> <br> The Ukraine Support Fund shall be used by the Department of State to compensate Ukraine for damages caused by the Russian invasion. The Ukraine Support Fund may also support an international body or mechanism for (1) reconstruction and rebuilding efforts in Ukraine, (2) humanitarian assistance to the Ukrainian people, or (3) other purposes which support the recovery of Ukraine and the welfare of the Ukrainian people. <br> <br> The bill also directs the President to seek to establish, with foreign partners, an international mechanism to provide compensation to Ukraine using the Ukraine Support Fund and Russian sovereign assets confiscated by foreign partners. <br> <br> Additionally, the bill sets policy on related topics, such as specifying that the United States should lead an international sanctions regime to freeze Russian sovereign assets in conjunction with allies and partners.<br> </p> <p><br> </p>
Key Points
Main provisions of the bill
The bill would let the US government confiscate Russian government assets located in the US, such as money held by Russian banks.
The confiscated assets would be put into a special Ukraine Support Fund, which would be used to compensate Ukraine for damages from the Russian invasion and to support reconstruction, humanitarian aid, and other efforts to help Ukraine.
The bill also directs the President to work with international partners to establish a mechanism to provide compensation to Ukraine using the confiscated Russian assets.
How This Impacts Americans
Potential effects on citizens and communities
If this bill becomes law, it would primarily impact the Russian government by allowing the US to seize its assets. It would also directly benefit Ukraine by providing funding for rebuilding and humanitarian aid, which could significantly help the Ukrainian people and economy recover from the Russian invasion.
Policy Areas
Primary Policy Area
International Affairs
Related Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Congressional oversight
Europe
Government trust funds
Presidents and presidential powers, Vice Presidents
Russia
Sanctions
U.S. and foreign investments
Ukraine
Scope & Jurisdiction
Jurisdiction Level
federal
Congressional Session
119th Congress
Citation Reference
4175, 119th Congress (2025). "No Gratuities for Governing Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4175
