Today, Helsinki Commission Chairman Representative Joe Wilson (SC-02) and Ranking Member Representative Steve Cohen (TN-09) introduced the bipartisan Rebuilding Economic Prosperity and Opportunity (REPO) for Ukrainians Act in the House of Representatives, alongside Rep. Michael McCaul (TX-10), Rep. Thomas Kean Jr. (NJ-21), Rep. Mike Quigley (IL-05), Rep. Brian Fitzpatrick (PA-01), and Rep. Marcy Kaptur (OH-09). The legislation has also been introduced in the Senate by Commissioner Senator Sheldon Whitehouse (RI) and Senator Jim Risch (ID). The bill authorizes the administration to confiscate Russian assets in the United States for Ukrainian reconstruction and calls on international allies to create a confiscation mechanism for assets stored in other countries.
“Russia will foot the bill for its brutal war in Ukraine. We will use war criminal Putin’s own money to rebuild what he has ripped away from the Ukrainian people. It is common sense that Putin be the one to rebuild what he has destroyed,” said Chairman Joe Wilson.
“Russia must be held accountable for its brutal and unprovoked war. This legislation will ensure that every cent of Russian money in western systems is made available to the Ukrainian people to remedy the horrific acts that Russia has inflicted upon them. It is a matter of basic justice that the perpetrator pays for their crimes,” said Ranking Member Steve Cohen.
[View the legislation text by clicking the PDF icon above]
