Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (Public Law No. 118-50) (U.S.)

Following Russia's full-scale invasion of Ukraine in February 2022, a number of countries, including the United States, froze Russian sovereign assets (RSA) within their respective jurisdictions. It is estimated that some US$300 billion of RSA are immobilized worldwide. A fraction of those frozen assets, approximately US$4–$5 billion, are thought to be subject to the jurisdiction of the United States. On April 24, 2024, President Biden signed H.R. 815 into law, which included the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (REPO Act). The REPO Act broadly provides for the “repurposing” of RSA within the jurisdiction of the United States to facilitate assistance to Ukraine in response to Russia's unlawful invasion.