What does Preamble of REPO Implementation Act of 2025 do?

This bill amends the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. The stated purpose is to improve the implementation of the seizure of Russian sovereign assets for the benefit of Ukraine. The bill was introduced in the Senate and referred to the Committee on Foreign Relations.

What does SHORT TITLE. of REPO Implementation Act of 2025 do?

This bill is formally titled the REPO for Ukrainians Implementation Act of 2025.

What does RECOGNITION OF PORTO DECLARATION OF ORGANIZATION FOR SECURITY of REPO Implementation Act of 2025 do?

This section amends Section 101(a) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. The amendment adds two clauses regarding the Organization for Security and Co-operation in Europe (OSCE). One clause notes that most European Union members and G7 nations are OSCE participating states. The second clause references the Porto Declaration, adopted by the OSCE on July 3, 2025. The Porto Declaration calls on OSCE participating States to repurpose Russian sovereign assets to benefit Ukraine until Russia ends its aggression and compensates for war damages.

What does TRANSFER OF ASSETS TO UKRAINE SUPPORT FUND. of REPO Implementation Act of 2025 do?

This section amends Section 104(b)(2) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. The heading of Section 104(b)(2) is changed from 'Vesting' to 'Status of assets'. The phrase 'For funds confiscated' is replaced with '(A) Vesting of confiscated funds--For funds confiscated'. The section adds a subsection (B) allowing the President to transfer funds into the Ukraine Support Fund without confiscating them, for the purpose of placing Russian aggressor state sovereign assets into an interest-bearing account.

What does INVESTMENT OF AMOUNTS IN UKRAINE SUPPORT FUND. of REPO Implementation Act of 2025 do?

This section amends Section 104(d) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. The amendment allows the Secretary of the Treasury to invest portions of the Ukraine Support Fund account in interest-bearing obligations of the United States or obligations guaranteed by the United States. Interest and proceeds from the sale or redemption of these obligations are to be credited to and form a part of the account. The President must ensure these investments are made within 45 days of the Act's enactment.

What does QUARTERLY OBLIGATION OF FUNDS IN UKRAINE SUPPORT FUND TO of REPO Implementation Act of 2025 do?

This section amends Section 104(f) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. The Secretary of State may obligate and expend not less than $250,000,000 from the Ukraine Support Fund every 90 days, while funds remain. If less than $250,000,000 remains in the Fund, the Secretary of State may obligate and expend the remaining amount. The assistance is to be provided to Ukraine. Congress expresses the sense that the first obligation should occur within 60 days of Russian sovereign assets being deposited in the Ukraine Support Fund.

What does ENGAGEMENT WITH CERTAIN FOREIGN COUNTRIES. of REPO Implementation Act of 2025 do?

This section amends Title II of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to require reports on Russian sovereign assets. The President must submit a report within 90 days of the REPO for Ukrainians Implementation Act of 2025’s enactment, detailing covered countries where Russian assets are located, their amounts, and descriptions (including whether they are frozen and if accruing interest). A second report, due within 270 days, will cover foreign countries not considered 'covered countries' regarding Russian sovereign assets. Reports must be submitted in unclassified form, with the option of a classified annex. The Secretary of State, in coordination with the Secretary of the Treasury, is directed to initiate diplomatic efforts to persuade covered countries to repurpose at least 5% of Russian sovereign assets quarterly for the benefit of Ukraine. A 'covered country' is defined as Australia or a member of the G7 or the European Union, excluding the United States.

What does MODIFICATION OF JUDICIAL REVIEW PROVISION. of REPO Implementation Act of 2025 do?

This section modifies Section 104(k) of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. The modification involves replacing the phrase 'this section' with 'this division' each time it appears in Section 104(k).

What does TECHNICAL CORRECTIONS. of REPO Implementation Act of 2025 do?

This section outlines technical corrections to the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (division F of Public Law 118-50; 22 U.S.C. 9521 note). The corrections involve modifications to various sections, including sections 2, 101, 102, 103, 104, and 105. Specific changes include striking and inserting phrases and references to sections and paragraphs within the Act. The bill aims to improve the implementation of the seizure of Russian sovereign assets for the benefit of Ukraine.

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REPO Implementation Act of 2025

Last updated: 10/30/2025 · Introduced: 9/19/2025

Author: Sheldon Whitehouse (D-RI)

TL;DR (AI)

This bill amends existing law to encourage the repurposing of Russian sovereign assets held in foreign countries to benefit Ukraine, aligning with the Porto Declaration of the Organization for Security and Co-operation in Europe.
It allows the President to transfer Russian sovereign assets into a dedicated Ukraine Support Fund and authorizes the Secretary of the Treasury to invest these funds in U.S. interest-bearing obligations.
The bill mandates quarterly obligations of at least $250 million from the Ukraine Support Fund to provide assistance to Ukraine and requires reports detailing the location and status of Russian sovereign assets in various foreign countries.

119th Congressin committeeHR. 5835(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 7 more.

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