HR5835119th CongressWALLET

REPO Implementation Act of 2025

Sponsored By: Representative Wilson (SC)

Introduced

Summary

Using frozen Russian sovereign assets to fund regular assistance for Ukraine. This bill would reshape how those assets are handled, expand international coordination through the Organization for Security and Co-operation in Europe (OSCE), strengthen investment rules for a Ukraine Support Fund, and set a periodic disbursement regime to send money to Ukraine on a schedule. It would also add new reporting and diplomatic steps to persuade partners to repurpose frozen assets for Ukraine.

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  • Families and aid recipients in Ukraine: Would create steadier funding by requiring the Secretary of State to obligate and expend at least $250 million from the Ukraine Support Fund at least every 90 days, with the first obligation within 60 days after assets are deposited. This aims to make assistance more predictable.
  • U.S. fund management and markets: Would let the Ukraine Support Fund invest idle balances in interest-bearing U.S. government obligations and credit interest and sale proceeds back to the fund. It would also let the President transfer non-confiscated frozen funds into the fund.
  • Diplomacy and foreign-host countries: Would require timely public reports on locations and characteristics of frozen Russian sovereign assets and push covered countries to begin repurposing at least 5 percent of such assets each quarter to support Ukraine.

*Would require the Secretary of State to obligate and expend at least $250 million from the Ukraine Support Fund every 90 days, with the first obligation not later than 60 days after assets are deposited.*

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Global push to repurpose Russian assets

If enacted, the bill would add the OSCE Porto Declaration, which urges countries to repurpose about $300 billion in frozen Russian sovereign assets for Ukraine on a steady schedule. The President would have to report within 90 days on covered countries’ asset amounts and status, and within 270 days on other countries, in unclassified reports that may include a classified annex. State and Treasury should start within 30 days a sustained diplomatic push so covered countries repurpose at least 5% of these assets each quarter. A covered country would mean Australia and any G7 or EU member other than the United States.

Quarterly Ukraine Fund payouts and investments

If enacted, the President could move Russian state assets into a Ukraine Support Fund without confiscating them. Treasury would invest unused Fund money in interest‑bearing U.S. government or guaranteed obligations, with earnings going back to the Fund, within 45 days of enactment. While money remains, State could spend at least $250 million for Ukraine at least every 90 days, and spend the rest when the balance falls under $250 million. The first draw would occur no later than 60 days after assets are deposited in the Fund.

Sponsors & CoSponsors

Sponsor

Wilson (SC)

SC • R

Cosponsors

  • Kaptur

    OH • D

    Sponsored 10/24/2025

  • Kean

    NJ • R

    Sponsored 10/24/2025

  • Cohen

    TN • D

    Sponsored 10/24/2025

  • Doggett

    TX • D

    Sponsored 10/24/2025

  • Costa

    CA • D

    Sponsored 10/31/2025

  • Thompson (PA)

    PA • R

    Sponsored 11/4/2025

  • Lawler

    NY • R

    Sponsored 11/4/2025

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 11/4/2025

  • Goodlander

    NH • D

    Sponsored 11/7/2025

  • Moore (UT)

    UT • R

    Sponsored 11/7/2025

  • Auchincloss

    MA • D

    Sponsored 11/7/2025

  • Veasey

    TX • D

    Sponsored 11/7/2025

  • Vindman

    VA • D

    Sponsored 11/17/2025

  • Deluzio

    PA • D

    Sponsored 11/17/2025

  • Raskin

    MD • D

    Sponsored 12/2/2025

  • Cisneros

    CA • D

    Sponsored 12/9/2025

  • Miller (OH)

    OH • R

    Sponsored 12/10/2025

  • Randall

    WA • D

    Sponsored 12/16/2025

  • Pou

    NJ • D

    Sponsored 1/7/2026

  • Lieu

    CA • D

    Sponsored 1/9/2026

  • Scanlon

    PA • D

    Sponsored 2/25/2026

  • Goldman (NY)

    NY • D

    Sponsored 3/24/2026

Roll Call Votes

No roll call votes available for this bill.

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