The REPO for Ukrainians Act outlines measures for managing blocked Russian assets to help rebuild Ukraine. It includes steps for using these assets for reconstruction, coordinating international sanctions, and assessing the economic impacts on Russia.

Congress finds that Russia's invasion of Ukraine violates international law and that Russia is responsible for war crimes and damages. The United States and other countries are justified in confiscating Russian assets to compensate Ukraine for the harm caused.

The section expresses Congress's view that Russia should be responsible for covering the costs of rebuilding Ukraine due to its invasion, and suggests that an international body should determine the amount. Congress believes the U.S. should lead efforts to repurpose Russian assets for Ukraine's compensation, in cooperation with international allies.

The proposed law prohibits the release of Russian government assets blocked by the U.S. Treasury unless the President confirms to Congress that fighting between Russia and Ukraine has stopped and Russia is compensating Ukraine for damages. Additionally, Congress can block the release through a joint resolution, and the President may work with other countries to ensure Russian assets remain blocked until compensation agreements are in place.

The section grants the President the authority to confiscate Russian sovereign assets in the U.S., place the funds into a Ukraine Support Fund, and use them to help Ukraine recover from damages caused by Russia's invasion in 2022. This authority is not subject to judicial review and will expire either in five years or once specific conditions regarding compensation and hostilities are met.

The bill section outlines the President's role in creating an international compensation mechanism, involving foreign partners, to fund Ukraine's reconstruction using confiscated Russian assets. It sets conditions for transparency, congressional notifications, and regular reporting regarding fund management and international diplomatic efforts related to the fund.

The section requires the Secretary of State, with the Secretary of the Treasury, to report to Congress every 90 days on the amount and sources of Russian sovereign assets that have been confiscated and how these funds are being used for the reconstruction of Ukraine.

The section requires the Secretary of State and the Administrator of the United States Agency for International Development to provide Congress an assessment of Ukraine's needs for reconstruction, rebuilding, security, and humanitarian aid due to the invasion by Russia, within 180 days of the act's enactment. The assessment must include estimates of Ukraine's rebuilding and humanitarian requirements, identify unmet needs, involve diplomatic efforts to encourage international support, and prioritize which needs should be addressed first.

The section explains that the law does not authorize or require imposing sanctions on goods being imported. It specifies that a "good" refers to a variety of physical items, including equipment for testing and inspection, but does not include technical data.

The section defines several key terms used in the bill: "appropriate congressional committees" refers to certain committees in the Senate and House; "financial institution" refers to those specified in a U.S. code; "G7" includes specific member countries; "Russian sovereign asset" includes government-controlled funds and properties of Russia; "United States" covers specific states and territories; and "United States financial institution" involves financial institutions organized under U.S. law, including their foreign branches.

The section outlines the U.S. policy to work with allies like the EU, G7, and Australia to enforce sanctions against Russia for invading Ukraine. It includes coordinating efforts, providing guidance, seeking private sector input, and ensures $15 million each year from 2024 to 2026 is allocated to support these actions without replacing existing funds.

The President is required to report to Congress on how sanctions against Russia, for invading Ukraine, are affecting Russia's economy. A report and briefing must be given every 90 days after the bill's enactment, then every 180 days for five years. These reports will analyze the impact of sanctions on various sectors like energy and banking, and suggest further enforcement measures.

The amendment to the Foreign Relations Authorization Act adds new requirements for reporting on United Nations voting practices, specifying that it must include resolutions regarding the invasion of Ukraine by Russia. It also requires an analysis prepared with the Secretary of State on how much member countries support U.S. policy in this context.

The act, titled the "Rebuilding Economic Prosperity and Opportunity for Ukrainians Act" or "REPO for Ukrainians Act," outlines various sections aimed at handling Russian sovereign assets, promoting the reconstruction of Ukraine, and coordinating international efforts. It includes goals such as seizing assets, preventing the lifting of sanctions, and designating Russian actions in Ukraine as genocide, among other objectives.

The section provides definitions for terms used in the Act, explaining that "appropriate congressional committees" refers to specific committees in the Senate and House of Representatives, "G7" includes certain major countries, "Russian sovereign asset" involves financial properties of Russia's top financial entities, and "United States" encompasses all U.S. states and territories.

Congress outlines its findings regarding the Russian Federation's illegal invasions of Ukraine, the international community's condemnation, and the legal responsibilities Russia faces. It emphasizes the need for Russia to compensate Ukraine for the damage caused and suggests establishing a mechanism to facilitate this, noting that substantial Russian assets are already immobilized globally.

Congress believes that Russia should bear the financial responsibility for rebuilding Ukraine and addressing the costs of its invasion that began in February 2022. If Russia does not willingly agree to compensate Ukraine, international bodies may need to step in to assess and enforce payment. The United States, alongside other countries, might explore ways to ensure Ukraine is compensated, potentially by using Russian assets, and should work closely with global allies on this effort.

The section prohibits the release of Russian sovereign assets that have been frozen due to sanctions, unless the President certifies that Russia has agreed to withdraw its forces and pay compensation to Ukraine. It also includes requirements for notifying Congress before any sanctions are lifted and outlines procedures for Congress to block the lifting of sanctions if necessary. The President is encouraged to collaborate with other countries to ensure Russian assets remain frozen until Russia compensates Ukraine.

The bill section gives the President of the United States the power to seize, confiscate, or transfer Russian assets within the U.S. to support Ukraine after certain conditions are met, like collaboration with other countries and ongoing Russian aggression. These funds would go into a special Ukraine Support Fund to help Ukraine, and the law sets specific rules about how the money can be used and ensures that it cannot benefit Russia or sanctioned people.

In this section, the President is directed to work with international partners to use Russian sovereign assets for rebuilding Ukraine, which includes setting up a fund called the "Common Ukraine Fund." The Secretary of State must ensure this fund operates transparently and is regularly audited. Additionally, the President must notify Congress about any agreements or fund transfers, and no funds can be moved unless transparency and accountability plans are in place. Reports on the fund's activities and diplomatic efforts must be submitted to Congress every 90 days.

The section requires the Secretary of State, along with the Secretary of the Treasury, to report to Congress on Russian assets that have been seized, transferred, or confiscated. This report must include details on these assets and funds added to the Ukraine Support Fund and how they are being used, and it needs to be submitted within 90 days of enactment and then every 180 days.

The section requires the Secretary of the Treasury, with input from various financial agencies, to submit a detailed report to Congress within 90 days about the Central Bank of Russia's assets that are blocked or immobilized outside of Russia. The report must include the location, type, value, and income of these assets, acknowledge any uncertainties, and involve coordination with G7 allies to ensure completeness, while keeping as much of the information unclassified as possible.

The section outlines a requirement for the U.S. Secretary of State, in coordination with other officials, to deliver a report within 180 days that assesses Ukraine's urgent reconstruction and humanitarian needs due to the Russian invasion. This report must estimate Ukraine's rebuilding and humanitarian needs, evaluate the support received so far, propose a diplomatic strategy to boost international assistance, and suggest which needs should be prioritized.

(a) This section states that the law does not give the power to impose sanctions, which are penalties or restrictions, on importing goods.

(b) It defines "good" as any item or product, whether natural or manmade, like materials and equipment, but it does not include technical data.

The section outlines the U.S. policy to coordinate with international allies, including the EU, G7, and Australia, to enforce sanctions and manage Russian assets in response to Russia's invasion of Ukraine. It authorizes $15 million annually from 2025 to 2027 for the State Department to support these efforts without replacing other funding.

The section amends a law to include United Nations votes and analysis related to the invasion of Ukraine by the Russian Federation. It specifically adds requirements to track and discuss how countries' voting behaviors align with U.S. policies in relation to Ukraine and Israel.

The section outlines amendments to the Additional Ukraine Supplemental Appropriations Act, allowing the U.S. government to use forfeited property to address the impacts of Russian aggression against Ukraine. It specifies legal authorities and conditions under which property can be transferred, defines relevant terms, and mandates regular reports and a plan for utilizing this authority.

The section extends the duration for certain provisions: it changes the time frame from six years to 12 years in the Elie Wiesel Genocide and Atrocities Prevention Act, and it sets a specific expiration date of September 30, 2029, for a section in the National Defense Authorization Act for Fiscal Year 2017.

Congress recognizes actions by the Russian Federation in Ukraine as genocide, citing evidence of widespread atrocities like mass killings, attempts to prevent births, forced transfers, and systemic harm to Ukrainians. It calls for international cooperation to hold Russian leaders accountable and urges the use of economic sanctions against those responsible.