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This bill authorizes the seizure and forfeiture of assets belonging to Russian individuals and entities subject to U.S. sanctions, with the goal of using those assets to support Ukraine reconstruction. The bill expands the definition of forfeitable property to include assets of sanctioned Russian persons and those involved in violations of export controls or sanctions related to Russia's actions in Ukraine. The seizure authority is available only if the President declares a national emergency related to Russian threats to Ukraine and the Attorney General certifies the property will be used for Ukraine remediation, and the authority expires three years after enactment.
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