This bill would give the President the power to freeze and block access to money and property in the United States that belongs to Russian entities or companies controlled by Russia. Essentially, if Russia or Russian-controlled businesses have assets here—like bank accounts, real estate, or other valuables—the President could prevent anyone from using or transferring those assets. This applies to any property physically located in the U.S. or held by American individuals and companies. The goal is to use financial pressure as a way to punish Russia and prevent Russian entities from benefiting from the American economy. It's a tool that could be used alongside other sanctions to increase pressure on Russia, particularly in response to actions the bill's sponsors view as harmful to other countries. The practical effect would be that Russian oligarchs and businesses tied to the Russian government would lose access to their American holdings, which could significantly impact their ability to do business or move money internationally.

HEROIAM SLAVA Act of 2023

Rubio, Marco

Halting Enrichment of Russian Oligarchs and Industry Allies of Moscow's Schemes to Leverage its Abject Villainy Abroad Act of 2023 or the HEROIAM SLAVA Act of 2023This bill requires the President to exercise certain authorities to block all transactions in property belonging to any entity owned or controlled by Russia if such property is within the United States or in the possession or control of a U.S. person.