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The Artsakh Revenue Recovery Act of 2024 would require the President to seize Azerbaijani sovereign assets held in the United States and establish a fund to compensate Armenians displaced from Artsakh (Nagorno-Karabakh) for lost revenue from jobs, businesses, and property. The bill authorizes the blocking and seizure of Azerbaijani assets within 60–90 days of enactment, with seized funds deposited into the Artsakh Revenue Recovery Fund to be distributed to eligible displaced persons. The sanctions would terminate once Azerbaijan and Armenia conclude and begin implementing a peace agreement and all eligible claims have been paid.
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