Asset Seizure for Ukraine Reconstruction Act

This bill allows the U.S. government to seize assets owned by Russian entities or individuals linked to Russia's invasion of Ukraine and redirect those funds toward Ukraine's reconstruction. It expands the definition of "forfeited property" to include assets blocked under sanctions, involved in violating export controls, or tied to Russian aggression (like the 2014 Crimea annexation or 2022 invasion). The process bypasses court approval for forfeiture, requiring a presidential emergency declaration and certification by the Attorney General that seized assets meet specific criteria. Funds would support Ukraine's recovery, with the law expiring three years after enactment.