H.R.6930: Assets Seizure for Ukraine Reconstruction Act
Dear Friends & Neighbors,
Source: https://www.pexels.com/photo/gold-round-coin-on-black-laptop-computer-5980863/ (Attribution: Karolina Grabowska, Legal Simplicity license: https://www.pexels.com/license/, Presented at: WindermereSun.com)
(Please click on red links & note magenta)
For updated global info & data on COVID-19, please click HERE. For updated global data & graphs on COVID-19, please click HERE. For COVID-19 cases and death counts in USA by state, please click HERE. For COVID-19 cases in Florida via Florida COVID Action, please click HERE. For COVID-19 cases in Florida, via Florida state government, please click HERE.
President Biden on Thursday, April 28, 2022, announced his administration was looking at ways to convert assets seized from wealthy Russians associated with Vladimir Putin and use them to help arm and rebuild Ukraine. New Jersey Rep. Tom , in the video published on April 28, 2022, Malinowski, a Democrat who co-sponsored a bill that passed the House this week called the “H.R. 6930: Assets Seizure for Ukraine Reconstruction Act,” joins Nick Schifrin to discuss, in the video published on April 28, 2022, “New bill aims to use assets seized from wealthy Russian to assist Ukraine“, below:
Introduced in House (03/03/2022)
Asset Seizure for Ukraine Reconstruction Act
This bill authorizes the President to, subject to certain conditions, seize assets belonging to a foreign person whose wealth is derived in part through political support for or corruption linked to Russian President Vladimir Putin.
Specifically, for two years starting from this bill’s enactment, the President may seize such assets if (1) Russia remains engaged in a conflict of territorial conquest in Ukraine; (2) the President has imposed sanctions on the owner of the assets for reasons related to corruption, human rights violations, malign influence, or conflicts in Ukraine; and (3) the assets are valued at over $5 million.
Such seized assets may be liquidated, and the resulting funds may only be used for specified purposes, including (1) the post-conflict reconstruction of Ukraine, (2) humanitarian assistance and refugee support for the Ukrainian people, (3) weapons for Ukraine’s uniformed military forces, and (4) humanitarian and development assistance for the Russian people.
To see bill summary, please click HERE.
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
We Need Fair Value of Solar
~Let’s Help One Another~
Please also get into the habit of checking at these sites below for more on solar energy topics:
www.kiva.org/team/sunisthefuture
