PolicyBrief
H.R. 5835
119th CongressOct 24th 2025
REPO for Ukrainians Implementation Act of 2025
IN COMMITTEE

This bill implements the transfer and investment of frozen Russian sovereign assets into a dedicated Ukraine Support Fund, mandating regular aid disbursements and requiring diplomatic engagement with allies.

Joe Wilson
R

Joe Wilson

Representative

SC-2

LEGISLATION

New Bill Mandates $250M Quarterly Aid to Ukraine, Authorizes Use of Unconfiscated Russian Assets

The REPO for Ukrainians Implementation Act of 2025 is the policy equivalent of taking money out of an enemy's savings account and setting up a monthly direct deposit for someone who desperately needs it. This bill is all about creating a clear, mandatory mechanism to use frozen Russian sovereign assets—estimated at around $300 billion globally—to fund aid for Ukraine.

The $250 Million Quarterly Guarantee

Here’s the biggest change for Ukraine: Section 5 mandates that the Secretary of State must obligate at least $250 million every 90 days from the newly bolstered Ukraine Support Fund to assist Ukraine. This isn't a suggestion; it's a hard floor for quarterly spending, provided the funds are available. This means a predictable, sizable stream of funding is now locked into the system, moving the process from discretionary aid to a defined financial commitment. For Ukraine, this consistency is crucial for planning long-term reconstruction and defense efforts.

The New Presidential Power: Transferring 'Unconfiscated' Cash

Section 3 introduces a major shift in how the U.S. handles these frozen assets. Previously, the focus was on confiscated funds—meaning those formally seized after a legal process. This bill grants the President the authority to transfer Russian sovereign assets that have not been formally confiscated into the Ukraine Support Fund. Think of it this way: instead of needing a court order to seize the money, the Executive Branch can now simply move the frozen assets into the dedicated fund. This speeds up the process significantly but also raises eyebrows. Giving the President power over assets that haven’t completed a formal legal confiscation process is a substantial expansion of executive authority over foreign sovereign property, which is why Section 7 modifies the rules for judicial review—the process by which someone could challenge these actions in court. If you or an entity had a legal claim tied to those specific Russian assets, your path to challenging the transfer just got changed.

Making the Money Work

Once the funds are in the Ukraine Support Fund, Section 4 requires the Treasury Secretary to invest them. This isn't just cash sitting in a checking account; it must be put into U.S. government debt (like Treasury bonds). This smart move ensures the funds are earning interest while they wait to be spent, and every penny of that interest goes right back into the Ukraine Support Fund. This is good financial housekeeping, ensuring that the pool of money for Ukraine aid grows over time, rather than just sitting idle.

Diplomatic Pressure and Global Asset Hunt

Section 6 tackles the international side of the equation. The bill recognizes the Porto Declaration, which calls for using the principal of these frozen assets, not just the interest. To make that happen, the U.S. must get serious about coordinating with allies. The President is required to report to Congress within 90 days exactly where Russian sovereign assets are held in G7, EU, and Australian banks, and how much is there. More importantly, the State Department is directed to launch an ongoing diplomatic effort to convince these allied countries to send at least 5% of their held Russian assets to Ukraine every single quarter. This puts significant pressure on allies who might be hesitant about taking such a drastic step, potentially straining relationships as the U.S. pushes for coordinated action.