What is the current status of S 2918?

S 2918 is currently: In Senate.

Who sponsored S 2918?

S 2918 was sponsored by Sheldon Whitehouse (D), Sen.

IntroducedSeptember 19, 2025

In Senate10 months ago

Intro

Senate

House

Pres

Waiting for a House floor vote.

It has cleared committee and can be brought up at any time, though no date is set.

International AffairsConflicts and warsEconomic developmentEuropeFinancial crises and stabilizationForeign and international bankingRussiaUkraine

Why This Matters

This bill improves how the U.S. handles frozen Russian assets by allowing funds to be transferred to support Ukraine directly.

If you care about Ukraine's recovery, this bill helps transfer up to $300 billion in frozen Russian assets for their benefit.

Who this affects

Ukrainian citizens · Ukrainian organizations

What changes is this bill making?

1The bill allows the U.S. President to transfer frozen Russian assets to support Ukraine without needing to confiscate them.
2It recognizes a recent declaration from an international organization calling for the use of these assets for Ukraine's benefit.
3The bill mandates that funds in the Ukraine Support Fund be invested to earn interest.
4It requires quarterly distributions from the Ukraine Support Fund to ensure ongoing support for Ukraine.