Section 1 Short title
This Act may be cited as the “Yachts for Ukraine Act”.
Yachts for Ukraine Act
A BILL
To authorize the provision of humanitarian assistance to Ukraine.
Sec. 2 Authority to provide humanitarian assistance to Ukraine
In general— Notwithstanding any other provision of law, the President is authorized to take such actions as may be necessary to use the amounts described in subsection (b) to provide humanitarian assistance to Ukraine.
Amounts described— The amounts described in this subsection are the following:
All monetary assets of individuals described in subsection (c) if such assets are subject to United States jurisdiction and control by reason of the imposition of sanctions under any provision of United States law.
All amounts derived from the liquidation or sales of other assets of individuals described in subsection (c) if such assets are subject to United States jurisdiction and control by reason of the imposition of sanctions under any provision of United States law.
Individuals described— The individuals described in this subsection are the following:
Individuals who are oligarchs of the Russian Federation, as determined by the President.
Individuals who are senior foreign political figures of the Russian Federation.
Senior foreign political figure defined— In subsection (c)(2), the term “senior foreign political figure” has the meaning given that term in section 1010.605 of title 31, Code of Federal Regulations.