REPO Implementation Act of 2025

Summary

Authorizes the transfer and management of Russian sovereign assets to support Ukraine by allowing the President to move seized or non‑seized Russian state assets into a dedicated Ukraine Support Fund, require those funds to be invested in interest‑bearing U.S. obligations, and direct regular disbursements to Ukraine. It also requires the Treasury and State Departments to produce public reports on the location and status of Russian sovereign assets worldwide and urges diplomatic efforts to persuade allied countries to repurpose a share of frozen Russian assets for Ukraine. The bill sets specific operational deadlines: investments of idle funds must begin within 45 days of enactment, the Secretary of State must obligate at least $250 million for Ukraine every 90 days while funds remain, and the administration must report asset locations within 90 days for “covered” countries and 270 days for others. Several technical and editorial fixes to the existing statute are also included.

• Authorizes the President to transfer non‑confiscated Russian sovereign assets into the Ukraine Support Fund.
• Requires Treasury to invest idle fund balances in U.S. obligations and credit interest back to the account, with implementation within 45 days.
• Requires the Secretary of State to obligate and expend at least $250 million for Ukraine not less often than every 90 days while funds remain.
• Directs public reports on locations and status of Russian sovereign assets: 90 days for covered countries, 270 days for others, with an optional classified annex.
• Directs diplomatic efforts to persuade covered countries (Australia, G7 and EU members except the U.S.) to repurpose at least 5% quarterly of Russian sovereign assets for Ukraine.
• References an international parliamentary recommendation urging regular repurposing of an estimated $300 billion in frozen Russian assets for Ukraine.
• Makes technical fixes and cross‑reference corrections to the underlying statute without adding new substantive authorities.
• Creates faster, predictable funding flows to Ukraine using frozen or non‑seized assets, while centralizing investment and reporting under Treasury and State.