REPO Implementation Act of 2025
Sen. Whitehouse and Sen. Risch Push Bill to Send $250 Million in Russian Assets to Ukraine Every 90 Days
The REPO Implementation Act of 2025 has been approved by the Senate Foreign Relations Committee and is now waiting for a vote by the full Senate. It is currently placed on the Senate calendar and is actively moving through the legislative process. There are no other companion bills listed at this time.
Legislative Progress
The bill has strong support from both parties and has already cleared a major Senate committee without any changes.
Key Points
- The bill allows the President to transfer frozen Russian government assets into a special interest-bearing account called the Ukraine Support Fund, without first having to formally confiscate them. This makes it faster and easier to put the money to work for Ukraine.
From policy text
“For the purpose of placing Russian aggressor state sovereign assets into an interest-bearing account, the President may transfer such funds into the Ukraine Support Fund without confiscating such funds.”
View in full text - Money in the Ukraine Support Fund must be invested in U.S. Treasury bonds or similar safe government securities, with all interest and proceeds rolling back into the fund. The President has 45 days after enactment to get this investing started.
From policy text
“The Secretary of the Treasury shall invest such portion of the account established under paragraph (1) as is not required to meet current withdrawals in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States.”
View in full text - The Secretary of State may send at least $250 million from the fund to Ukraine every 90 days, creating a steady, predictable flow of support funded by Russia's own money rather than U.S. taxpayer dollars.
From policy text
“Not less frequently than every 90 days while funds remain in the Ukraine Support Fund, the Secretary of State may obligate and expend, from the Fund, an amount that is not less than $250,000,000”
View in full text - The bill calls for a major diplomatic push to convince G7, EU, and Australian allies to start repurposing at least 5% of the Russian assets they hold every quarter for Ukraine's benefit. This targets the roughly $300 billion in frozen Russian assets worldwide.
From policy text
“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.”
View in full text - The President must report to Congress within 90 days on where Russian government money is located in allied countries and within 270 days on assets in all other countries, including whether those assets are frozen and earning interest.
Impact Analysis
Personal Impact
Milestones
Placed on Senate Legislative Calendar under General Orders. Calendar No. 243.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Committee on Foreign Relations. Reported by Senator Risch without amendment. Without written report.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee on Foreign Relations. Ordered to be reported without amendment favorably.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Read twice and referred to the Committee on Foreign Relations.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
4 articles
US senators introduce bill to send frozen Russian assets to Ukraine
A bipartisan group of U.S. senators introduced the REPO Implementation Act 2.0, which seeks to transfer $5 billion in frozen Russian assets to an interest-bearing account and repurpose at least $250 million every 90 days to assist Ukraine without cost to taxpayers.
US senators propose new terms for providing Ukraine with proceeds from frozen Russian assets
Senators introduced the REPO 2.0 bill to increase economic pressure on Putin by confiscating and transferring assets to Ukraine on a set schedule. The bill mandates $250 million transfers every 90 days and encourages a diplomatic campaign for G7 allies to contribute 5% of their holdings.
Rep. Tom Kean, Jr. introduces bipartisan bill to transfer frozen Russian assets to Ukraine every 90 days
Representative Tom Kean, Jr. and a bipartisan group introduced the REPO Implementation Act of 2025 to create a regular, predictable framework for transferring seized Russian assets. The bill requires $250 million tranches every 90 days and a diplomatic push for allies to match the effort.
Source Information
Document Type
Congressional Bill
Official Title
REPO Implementation Act of 2025
Data Sources
Sponsor
Cosponsors
(13)Analysis generated by AI. Always verify with official sources.