This bill establishes a Russia Sanctions Enforcement Fund to pay for seizing and forfeiting property from Russian entities and their ships that violate U.S. sanctions, with any excess funds going toward reducing the national debt. The legislation authorizes $150 million in initial funding for fiscal year 2026 and allows the fund to pay for investigative costs, equipment, informant rewards, and other expenses related to these enforcement actions, with a cap of $500 million annually. The bill also codifies an existing Export Enforcement Coordination Center within the Department of Homeland Security to coordinate international export control enforcement across federal agencies like the FBI, Treasury, Commerce, and intelligence agencies. The fund must be repaid to the general treasury by September 2036, and the Secretary of Homeland Security must submit annual reports to Congress detailing all seizures, forfeitures, and fund activities; failure to report or use the fund could trigger automatic transfers of money to the public debt. This legislation is designed to strengthen enforcement against Russian sanctions evasion while creating an accountability mechanism for how seized assets are used and managed.
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