Strengthening Benefit Plans Act of 2025

Senate Bill

S. 2003

119th Congress

Strengthening Benefit Plans Act of 2025

In Committee

Introduced:Jun 10, 2025

Primary Sponsor

Tim Scott

Senator

Republican

SC

Cosponsors

27

Quick Stats

Policy Area

International Affairs

Summary

This bill would allow the U.S. government to seize and redirect Russian government assets to help Ukraine rebuild from the Russian invasion. The bill aims to provide funding for reconstruction efforts, humanitarian aid, and other support for the Ukrainian people.

Latest Action

Committee on Banking, Housing, and Urban Affairs. Hearings held.

SponsorTim Scott (R-SC)

Introduced6/10/2025

StatusRead twice and referred to the Committee on Finance.

ChamberSenate

Data from Congress.gov

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Vote Prediction

Strengthening Benefit Plans Act of 2025

This bill would allow the U.S. government to seize and redirect Russian government assets to help Ukraine rebuild from the Russian invasion. The bill aims to provide funding for reconstruction efforts, humanitarian aid, and other support for the Ukrainian peop

Community Breakdown

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This bill would allow the U.S. government to seize and redirect Russian government assets to help Ukraine rebuild from the Russian invasion. The bill aims to provide funding for reconstruction efforts, humanitarian aid, and other support for the Ukrainian people.

Bill Number: 2003
Sponsor: Tim Scott (R-SC)
Introduced: 6/10/2025
Status: Read twice and referred to the Committee on Finance.
Policy Area: International Affairs

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Strengthening Benefit Plans Act of 2025
Bill Number: 2003
Sponsor: Tim Scott (R-SC)
Status: Read twice and referred to the Committee on Finance.
Introduced: 6/10/2025
Summary: This bill would allow the U.S. government to seize and redirect Russian government assets to help Ukraine rebuild from the Russian invasion. The bill aims to provide funding for reconstruction efforts, humanitarian aid, and other support for the Ukrainian people.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill would allow the U.S. government to seize and redirect Russian government assets to help Ukraine rebuild from the Russian invasion. The bill aims to provide funding for reconstruction efforts, humanitarian aid, and other support for the Ukrainian people.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Rebuilding Economic Prosperity and Opportunity for Ukrainians Act or the REPO for Ukrainians Act 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). 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. The Ukraine Support Fund shall be available to the Department of State only to compensate Ukraine for damages caused by the Russian invasion, including by providing funds to 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. 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. 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.

Key Points

Main provisions of the bill

The bill requires U.S. financial institutions to report any Russian government assets they hold to the Treasury Department.
The President can confiscate these assets and deposit them into a new Ukraine Support Fund.
The Ukraine Support Fund can only be used to compensate Ukraine for damages caused by the Russian invasion, such as reconstruction, humanitarian aid, and other recovery efforts.
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 impact the Russian government by seizing their assets held in the U.S. and redirecting them to help Ukraine recover from the invasion. It would also affect U.S. financial institutions, which would be required to report any Russian government assets they hold. The bill's main beneficiaries would be the Ukrainian government and people, who would receive funding for rebuilding infrastructure, providing humanitarian aid, and other recovery efforts.

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

2003, 119th Congress (2025). "Strengthening Benefit Plans Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2003

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