During remarks on the House floor Thursday, Rep. Marcy Kaptur (D-OH) urged passage of legislation that would allow the US to seize Russian assets in order to provide Ukraine them to Ukraine.
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NewsTranscript
00:00 Mr. Speaker, I rise today to address a matter of profound importance, the implementation
00:05 of the bipartisan and bicameral REPO Act. This legislation, signed into law on April
00:10 24, grants the President the authority to seize Russian sovereign assets frozen in the
00:16 United States and transfer them to Ukraine for its reconstruction. As co-chair and co-founder
00:22 of the Ukraine Caucus, I cannot overstate the urgency of this action. Russia's illegal
00:27 and unprovoked full-scale invasion of Ukraine demands a decisive response from the international
00:32 community. By swiftly implementing the REPO Act, we can provide crucial support to Ukraine.
00:38 REPO proceeds will demonstrate our unwavering commitment to Ukraine's sovereignty and efforts
00:43 to rebuild once the war is over. And let me commend the administration's efforts to collaborate
00:48 with our G7 and European allies in this endeavor. Together, we can establish an international
00:53 compensation mechanism that leverages frozen Russian assets for Ukraine's benefit. The
00:58 time to act is now. Let us show the world America's resolve and stand resolute with
01:04 Ukraine against Putin's aggression and tyranny. Thank you, Mr. Speaker. I yield back.
01:08 (sighs)