Bill Summary
Creates the legal mechanism to seize Russia's $300 billion in frozen sovereign assets and transfer them to Ukraine for reconstruction, making Russia pay for the damage it caused rather than U.S. taxpayers. Amends the REPO Act to close implementation gaps.
Why It 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 American taxpayers.
Legislative Progress
Last Action: Placed on Senate Legislative Calendar under General Orders. Calendar No. 243.
October 30, 2025● Live
Bill Details
Chamber
Senate
Committee
Foreign Relations
Cosponsors
15LIVE
Introduced
2025-09-19
Take Action
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 American taxpayers.
More Details →Capitol Switchboard
202-224-3121
Hi, my name is [YOUR NAME], a constituent from [YOUR CITY/ZIP]. I'm calling to urge Senator [SENATOR'S NAME] to cosponsor S. 2918, the REPO Implementation Act. Russia caused $500 billion in damage to Ukraine. Over $300 billion in Russian sovereign assets sit frozen in Western banks. This bill creates the legal pathway to seize those assets and send them to Ukraine for reconstruction. Russia should pay for what it destroyed, not American taxpayers. Will Senator [SENATOR'S NAME] cosponsor S. 2918? Thank you.
Read this script naturally. It is a guide, not a word-for-word requirement. Staffers appreciate callers who sound like constituents, not robots.
Bill Analysis
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.
Key Provisions
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.
Why It Matters
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.
Advocacy Talking Points
- →S. 2918 is already on the Senate calendar - it just needs floor time. Ask your senator to contact the Majority Leader's office to schedule a vote.
- →The $300 billion in frozen Russian assets is more than enough to fund Ukraine's reconstruction without a single additional dollar of U.S. taxpayer money.
- →The OSCE Porto Declaration was adopted unanimously - every European democracy has endorsed this approach. The U.S. should follow.
- →The bill doesn't require full confiscation - it uses a transfer mechanism that's legally cleaner and faster to implement.
- →With 13 cosponsors and a calendar slot, S. 2918 is the most actionable Ukraine bill in the Senate right now.
Cosponsors
Updated Apr 22, 2026 - Data from Congress.gov
Priority Outreach for Cosponsorship
These Senate members sit on the Foreign Relations and have not yet cosponsored this bill. Contact them to urge their support.Enter your ZIP above to highlight your own representatives.
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