Marcy Kaptur Demands Seizure Of Russian Assets To Give Them To Ukraine

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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.  Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript   Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com

Transcript

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)

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