Implementing the Repo Act

Floor Speech

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Ms. KAPTUR. Mr. Speaker, I rise today to address a matter of profound importance: the implementation of the bipartisan and bicameral REPO Act.

This legislation, signed into law on April 24, grants the President the authority to seize Russian sovereign assets frozen in the United States and transfer them to Ukraine for its reconstruction.

As co-chair and cofounder of the Ukraine Caucus, I cannot overstate the urgency of this action.

Russia's illegal and unprovoked full-scale invasion of Ukraine demands a decisive response from the international community. By swiftly implementing the REPO Act, we can provide crucial support to Ukraine. REPO proceeds will demonstrate our unwavering commitment to Ukraine's sovereignty and efforts to rebuild once the war is over.

Let me commend the administration's efforts to collaborate with our G7 and European allies in this endeavor.

Together, we can establish an international compensation mechanism that leverages frozen Russian assets for Ukraine's benefit.

The time to act is now. Let us show the world America's resolve and stand resolute with Ukraine against Putin's aggression and tyranny.

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