H.R. 4175, Rebuilding Economic Prosperity and Opportunity for Ukrainians Act

March 14, 2024

Cost Estimate

As ordered reported by the House Committee on Foreign Affairs on November 7, 2023

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At A Glance

H.R. 4175, Rebuilding Economic Prosperity and Opportunity for Ukrainians Act As ordered reported by the House Committee on Foreign Affairs on November 7, 2023
By Fiscal Year, Millions of Dollars						2024		2024-2029		2024-2034
Direct Spending (Outlays)						*		5,000		5,000
Revenues						*		5,000		5,000
Increase or Decrease (-) in the Deficit						*		0		0
Spending Subject to Appropriation (Outlays)						*		*		not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?			No		Statutory pay-as-you-go procedures apply?				Yes
			No		Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?			No		Contains intergovernmental mandate?				No
			No		Contains private-sector mandate?				Yes, Under Threshold
* = between -$500,000 and $500,000.
The bill would Authorize the President to confiscate certain sovereign assets of Russia, Belarus, and other countries Use the proceeds from confiscated assets to provide humanitarian and economic assistance to Ukraine Impose a private-sector mandate by expanding an existing duty on financial institutions to file reports on sanctioned entities and their assets
Estimated budgetary effects would mainly stem from Confiscating sovereign assets Providing assistance to Ukraine
Areas of significant uncertainty include Estimating the value of Russian and Belarusian sovereign assets under U.S. jurisdiction Anticipating whether the President would designate other countries and confiscate their sovereign assets

Data and Supplemental Information

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