REPO Implementation Act of 2025

Summary

Authorizes the President to move Russian sovereign assets—whether confiscated or not—into a dedicated Ukraine Support Fund, invest those assets in U.S. interest-bearing obligations, and direct the State Department to obligate at least $250 million from the Fund at least every 90 days while money remains. It also requires detailed public reporting on the location, status, and value of Russian sovereign assets held abroad, and urges diplomatic efforts to persuade covered foreign countries to repurpose portions of frozen Russian assets for Ukraine. The bill makes several technical edits to the underlying statute and adds timelines for investment and reporting actions.

• 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. interest-bearing obligations and return interest and proceeds to the Fund within 45 days.
• Obligates the Secretary of State to spend at least $250 million from the Fund not less often than every 90 days while funds remain.
• Mandates public reporting on locations, status, and amounts of Russian sovereign assets in covered countries (90 days) and non-covered countries (270 days).
• Directs diplomatic efforts coordinated by State and Treasury to encourage covered countries to repurpose at least 5% quarterly of Russian sovereign assets for Ukraine.
• Incorporates and quotes an OSCE Parliamentary Assembly declaration endorsing repurposing frozen Russian sovereign assets for Ukraine.
• Makes multiple textual and cross-reference corrections to the underlying statute; some edits are substantive and expand executive authority.
• Does not itself appropriate U.S. taxpayer dollars but changes how frozen foreign sovereign assets may be managed and spent.