22 U.S.C. § 103

PROHIBITION ON RELEASE OF BLOCKED RUSSIAN SOVEREIGN ASSETS.

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“(a)In General.—No Russian sovereign asset that is blocked or effectively immobilized by the Department of the Treasury before the date specified in section 104(j) [probably should be “section 104(l)”] may be released or mobilized, except as otherwise authorized by this division, until the date on which the President certifies to the appropriate congressional committees that—“(1) hostilities between the Russian Federation and Ukraine have ceased; and“(2)(A) full compensation has been made to Ukraine for harms resulting from the invasion of Ukraine by the Russian Federation; or“(B) the Russian Federation is participating in a bona fide international mechanism that, by agreement, will discharge the obligations of the Russian Federation to compensate Ukraine for all amounts determined to be owed to Ukraine.“(b)Notification.—Not later than 30 days before the release or mobilization of a Russian sovereign asset that is blocked or effectively immobilized by the Department of the Treasury, the President shall submit to the appropriate congressional committees—“(1) a notification of the decision to take the action that releases or mobilizes the asset; and“(2) a justification in writing for such decision.“(c)Joint Resolution of Disapproval.—“(1)In general.—No Russian sovereign asset that is blocked or effectively immobilized by the Department of the Treasury may be released or mobilized if, within 30 days of receipt of the notification and justification required under subsection (b), a joint resolution is enacted into law prohibiting the proposed release or mobilization.“(2)Expedited procedures.—Any joint resolution described in paragraph (1) introduced in either House of Congress shall be considered in accordance with the provisions of section 601(b) of the International Security Assistance and Arms Export Control Act of 1976 (Public Law 94–329; 90 Stat. 765), except that any such resolution shall be subject to germane amendments. If such a joint resolution should be vetoed by the President, the time for debate in consideration of the veto message on such measure shall be limited to 20 hours in the Senate and in the House of Representatives shall be determined in accordance with the Rules of the House.“(d)Cooperation on Prohibition of Release of Certain Russian Sovereign Assets.—Notwithstanding subsection (a), the President may take such actions as may be necessary to seek to obtain an agreement or arrangement to which the Government of Ukraine is party that discharges the Russian Federation from further obligations to compensate Ukraine.

Notes of Decisions

Cited in 2 cases, 1934–1940 · leading case: United States ex rel. Parravicino v. Brunswick

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United States ex rel. Parravicino v. Brunswick (1934) cadc · cites it 3× “(22 USCA § 103). That at the time in question plaintiff wMle residing in Bridgetown was engaged in the business of importing foodstuffs and dry goods and acting as wholesale commission merchant for numerous concerns in the United States; that under section 175, tit.”

United States Ex Rel. Midland Loan Finance Co. v. National Surety Corp. (1940) scotus “§ 270a-d (laborers and maferialmen may sue on bond of contractor for government building); 22 U. S. C. § 103 (“any person injured” may sue on bond of consul); 22 U.”

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