S. 2003 would authorize the President to confiscate and vest in the U.S. government any sovereign assets of Russia that are under the jurisdiction of the United States. The confiscated assets would be used to provide humanitarian and economic assistance to Ukraine. The bill also would expand the authority of the President to assist Ukraine using amounts deposited in federal forfeiture funds, such as the Treasury Forfeiture Fund, from assets authorized to be seized under current law. In addition, the bill would reauthorize the Global Engagement Center through 2029 and authorize appropriations of $15 million a year over the 2025-2027 period for efforts to counter Russia. Lastly, S. 2003 would require the Administration to report to the Congress on the confiscated assets, on its implementation of the bill, and on related matters.
