Engagement with certain foreign countries

(a) In general Title II of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (division F of Public Law 118–50; 22 U.S.C. 9521 note) is amended by adding at the end the following: 109. Engagement with foreign countries (a) Reports required (1) Covered country report Not later than 90 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025, the President shall submit to the appropriate congressional committees a report specifying— (A) the covered countries in which Russian sovereign assets are located; (B) the amount of such assets in each such country; and (C) a description of such assets, including— (i) whether or not such assets are frozen, blocked, or immobilized; and (ii) whether or not such assets are accruing interest. (2) Report on non-covered countries Not later than 270 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025, the President shall submit to the appropriate congressional committees a report specifying— (A) the foreign countries that are not covered countries in which Russian sovereign assets are located; (B) the amount of such assets in each such country; and (C) a description of such assets, including— (i) whether or not such assets are frozen, blocked, or immobilized; and (ii) whether or not such assets are accruing interest. (3) Form The reports required by paragraphs (1) and (2) shall be submitted in unclassified form but may include a classified annex. (b) Sense of Congress on engagement Not later than 30 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025, 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. (c) Covered country defined In this section, the term covered country means Australia and any country that is a member of the G7 or the European Union, other than the United States.. (b) Clerical amendment The table of contents in section 1 of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (division F of Public Law 118–50; 22 U.S.C. 9521 note) is amended by inserting after the item relating to section 108 the following: Sec. 109. Engagement with foreign countries..

(a) In general Title II of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (division F of Public Law 118–50; 22 U.S.C. 9521 note) is amended by adding at the end the following: 109. Engagement with foreign countries (a) Reports required (1) Covered country report Not later than 90 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025, the President shall submit to the appropriate congressional committees a report specifying— (A) the covered countries in which Russian sovereign assets are located; (B) the amount of such assets in each such country; and (C) a description of such assets, including— (i) whether or not such assets are frozen, blocked, or immobilized; and (ii) whether or not such assets are accruing interest. (2) Report on non-covered countries Not later than 270 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025, the President shall submit to the appropriate congressional committees a report specifying— (A) the foreign countries that are not covered countries in which Russian sovereign assets are located; (B) the amount of such assets in each such country; and (C) a description of such assets, including— (i) whether or not such assets are frozen, blocked, or immobilized; and (ii) whether or not such assets are accruing interest. (3) Form The reports required by paragraphs (1) and (2) shall be submitted in unclassified form but may include a classified annex. (b) Sense of Congress on engagement Not later than 30 days after the date of the enactment of the REPO for Ukrainians Implementation Act of 2025, 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. (c) Covered country defined In this section, the term covered country means Australia and any country that is a member of the G7 or the European Union, other than the United States.. (b) Clerical amendment The table of contents in section 1 of the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act (division F of Public Law 118–50; 22 U.S.C. 9521 note) is amended by inserting after the item relating to section 108 the following: Sec. 109. Engagement with foreign countries..