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Amends the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to improve the implementation of the seizure of Russian sovereign assets for Ukraine's reconstruction. Provides a legal and practical pathway to repurpose frozen Russian assets.
Why This Bill Matters
Russia has over $300 billion in frozen sovereign assets -- this bill creates the legal mechanism to seize and transfer those funds to Ukraine for reconstruction, making Russia pay for the damage it caused rather than U.S. taxpayers.
Last Action: Placed on Senate Legislative Calendar under General Orders. Calendar No. 243.
October 30, 2025● Live
AI-powered analysis based on actual bill text
S. 2918 - the REPO Implementation Act of 2025 - introduced by Sen. Sheldon Whitehouse (D-RI), provides the legal mechanism to transfer approximately $300 billion in frozen Russian sovereign assets held in Western financial institutions to Ukraine. The assets were frozen after Russia's 2022 invasion. The bill builds on the REPO for Ukrainians Act (Public Law 118-50) and incorporates the July 2025 OSCE Porto Declaration, which unanimously called on member states to repurpose these assets for Ukraine.
Porto Declaration Recognition
Formally incorporates the OSCE Porto Declaration into U.S. law, establishing that all EU members and all-but-one G7 members have endorsed repurposing the $300 billion in frozen Russian assets. This creates a multilateral legal foundation for U.S. action.
Transfer Without Full Confiscation
Amends the REPO Act to allow the President to transfer frozen Russian assets into the Ukraine Support Fund without completing the full legal confiscation process. This removes a procedural barrier that has delayed disbursement while legal challenges proceed.
Ukraine Support Fund Investment Authority
Grants the Treasury Secretary authority to invest transferred assets in interest-bearing instruments, generating additional returns that compound the total available for Ukraine's reconstruction and defense.
Quarterly Disbursement Schedule
Mandates that transferred funds be disbursed to Ukraine in regular, scheduled increments rather than in a single lump sum, providing predictable financing for multi-year reconstruction planning.
Russia has $300 billion sitting in Western banks, frozen since 2022. That money belongs to the Russian state - the same state that has destroyed $750 billion worth of Ukrainian infrastructure. S. 2918 provides the legal pathway to move those funds to Ukraine without waiting for a peace settlement. It's already on the Senate Legislative Calendar (Calendar No. 243), meaning it's closer to a floor vote than almost any other Ukraine bill. Thirteen senators have cosponsored it.
Chamber
Senate
Committee
Foreign Relations
Cosponsors
13LIVE
Introduced
2025-09-19
Updated Mar 17, 2026 · Auto-refreshes daily
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🇺🇦 300,000+ Ukrainians fled Putin's war & came here legally. Now they're in immigration limbo. The Ukrainian Adjustment Act (H.R. 3104) gives them a path forward. Call your rep: 202-224-3121 #UkrainianAdjustmentAct #HR3104 #StandWithUkraine