H.R. 5835

119th CONGRESS 1st Session

To amend the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act to improve the implementation of the seizure of Russian sovereign assets for the benefit of Ukraine, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · October 24, 2025 · Sponsor: Mr. Wilson of South Carolina · Committee: Committee on Foreign Affairs

Table of contents

• H.R. 5835
  • Sec. 109. Engagement with foreign countries.

Sec. 109. Engagement with foreign countries.

• (a) Reports required
  • (1) Covered country report
    • Not later than 90 days after the date of the enactment of the , the President shall submit to the appropriate congressional committees a report specifying—
      • the covered countries in which Russian sovereign assets are located;
      • the amount of such assets in each such country; and
      • a description of such assets, including—
        • (i) whether or not such assets are frozen, blocked, or immobilized; and
        • (ii) whether or not such assets are accruing interest.
  • (2) Report on non-covered countries
    • Not later than 270 days after the date of the enactment of the , the President shall submit to the appropriate congressional committees a report specifying—
      • the foreign countries that are not covered countries in which Russian sovereign assets are located;
      • the amount of such assets in each such country; and
      • a description of such assets, including—
        • (i) whether or not such assets are frozen, blocked, or immobilized; and
        • (ii) whether or not such assets are accruing interest.
  • (3) Form
    • The reports required by paragraphs (1) and (2) shall be submitted in unclassified form but may include a classified annex.
• (b) Sense of Congress on engagement
  • Not later than 30 days after the date of the enactment of the , the Secretary of State, in coordination with the Secretary of the Treasury, should commence a robust, sustained, diplomatic effort to persuade the government of each covered country to begin repurposing, on a quarterly basis, an amount that is not less than 5 percent of the Russian sovereign assets located in that country for the benefit of Ukraine.
• (c) Covered country defined
  • In this section, the term covered country means Australia and any country that is a member of the G7 or the European Union, other than the United States.
  • Covered country defined