DoD COW Act of 2025

Senate Bill

S. 2848

119th Congress

DoD COW Act of 2025

In Committee

Introduced:Sep 17, 2025

Primary Sponsor

Marco Rubio

R - FL

Cosponsors

2

Quick Stats

Policy Area

International Affairs

Summary

This bill would allow the President to block all financial transactions and freeze the property of Russian oligarchs and companies that are connected to the Russian government. The goal is to punish Russia for its actions abroad by making it harder for Russian elites and industries to access their assets in the United States.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

AI Summary

Plain-English explanation of this bill

This bill would allow the President to block all financial transactions and freeze the property of Russian oligarchs and companies that are connected to the Russian government. The goal is to punish Russia for its actions abroad by making it harder for Russian elites and industries to access their assets in the United States.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Halting Enrichment of Russian Oligarchs and Industry Allies of Moscow's Schemes to Leverage its Abject Villainy Abroad Act of 2023 or the HEROIAM SLAVA Act of 2023This bill requires the President to exercise certain authorities to block all transactions in property belonging to any entity owned or controlled by Russia if such property is within the United States or in the possession or control of a U.S. person.

Key Points

Main provisions of the bill

Allows the President to block all transactions and freeze the property of any entity owned or controlled by Russia that is located in the United States or under the control of a U.S. person.
Targets Russian oligarchs and industries that are seen as allies or supporters of the Russian government's actions abroad.
Aims to economically isolate Russia and its elite supporters by cutting off their access to U.S. assets and financial systems.

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would significantly impact wealthy Russian individuals and companies with ties to the Russian government. It could lead to the seizure of their U.S. assets and make it much harder for them to conduct business in the United States. This could put financial pressure on Russia and its leadership, but would also affect any Americans or U.S. businesses that have dealings with the targeted Russian entities.

Policy Areas

Primary Policy Area

International Affairs

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2848, 119th Congress (2025). "DoD COW Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2848