HR 5925 · 118th Congress · International Affairs

Make Putin Pay Act

Introduced 2023-10-11· Sponsored by Rep. McCormick, Richard [R-GA-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Foreign Affairs.(2023-10-25)

Plain Language Summary

[AI summary unavailable — showing source text] Make Putin Pay Act This bill authorizes the Department of the Treasury to seize and confiscate assets subject to the jurisdiction of the United States that are (1) blocked due to the imposition of sanctions on persons linked to Russian President Putin, or (2) Russian sovereign assets or owned by the Russian central bank. Proceeds from the sale of seized or confiscated assets will be made available to reimburse the United States for expenses related to the Russia-Ukraine conflict. Treasury must periodically report to Congress on the amount of proceeds obtained from the sale of seized and confiscated assets.…

Summarized by Claude AI · Non-partisan · For informational purposes only