Section 1 Short title
This Act may be cited as the “Make Russia Pay Act”.
Make Russia Pay Act
A BILL
To transfer seized Russian assets to a Ukrainian Humanitarian Aid Fund and to authorize the Secretary of the Treasury to use amounts in the Fund for humanitarian assistance for Ukraine, and for other purposes.
Sec. 2 Ukrainian Humanitarian Aid Fund
Establishment of Fund— There is established a fund in the Department of the Treasury to be called the “Ukrainian Humanitarian Aid Fund”.
Use of seized Russian assets— All Russian assets seized by the United States, including seized Russian Central Bank foreign reserves, shall be deemed forfeited, and the Secretary of the Treasury shall liquidate such assets and deposit the resulting funds into the Ukrainian Humanitarian Aid Fund.
Use of Fund amounts— The Secretary of the Treasury may use amounts in the Ukranian Humanitarian Aid Fund for the following purposes:
To provide humanitarian relief to Ukrainian refugees who have fled their homes due to Russian aggression. Such relief may be made directly to member nations of the European Union who have taken in refugees from Ukraine.
Funding to the government of Ukraine to provide humanitarian assistance to its citizens who remain in Ukraine and security assistance, including—
funding to provide food, clothing, shelter, medical assistance, and other forms of relief the Secretary determines to be appropriate;
funding to rebuild damaged or destroyed infrastructure; and
security assistance funding needed to defend from Russian aggression, where the determination of the amount of such funding is made jointly by the Secretary of the Treasury and the Secretary of Defense.