Representatives Steve Cohen (TN-09), Joe Wilson (SC-02), Tom Malinowski (NJ-07) and Maria Elvira Salazar (FL-27) today introduced the Oligarch Asset Forfeiture Act to freeze, seize and liquidate the ill-gotten wealth of Putin-linked oligarchs.
Congressman Cohen made the following statement:
“Under normal circumstances, the wealth of Putin-related oligarchs could be frozen and its use limited by court action. But we are not living in ordinary times, and the wealth these oligarchs have amassed should be liquidated and used to bolster Ukraine’s defense and rebuild it when this terrible war ends.”
Congressman Wilson made the following statement:
“The horrific war perpetrated against the brave people of Ukraine by Vladimir Putin necessitates swift action by the United States. There is broad bipartisan support for not just freezing sanctioned Russian assets, but also liquidating them and directing the proceeds to Ukraine. I am grateful to join Helsinki Commission Co-Chairman Steve Cohen in this effort on behalf of the extraordinary people of Ukraine.”
Congressman Malinowski made the following statement:
“It would be fitting and right to use the wealth that supported Putin’s regime to rebuild the country Putin is destroying. The Ukrainian people should see the boats, planes, and villas of Putin’s enablers being seized and sold, and they should know that the proceeds will help their country and cause.”
Congresswoman Salazar made the following statement:
“Actions have consequences. As Putin continues to inflict untold pain on the Ukrainian people, oligarchs who enable his horrific and unjust war of aggression should not be comfortable. There is no doubt in my mind that the United States government should be empowered to liquidate sanctioned assets acquired through blood and corruption for the cause of Ukraine’s freedom.”
Original source can be found here.
