Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

H.R. 6416, Russian War Crimes in Ukraine Act (CBO Report for Congress)

Premium   Download PDF Now (4 pages)
Congress 118th
Date Requested Dec. 13, 2023
Requested By House Committee on Foreign Affairs
Date Sent March 14, 2024
Description:
H.R. 6416 would amend the Internal Revenue Code of 1986 to impose a tax of 100 percent on any income generated from the blocked Russian and Belarusian sovereign assets that are under the jurisdiction of the United States. It also would authorize appropriations of those amounts for humanitarian and economic assistance. Lastly, the bill would require the Administration to report to the Congress on its implementation of the bill.

« Return to search CBO reports