This bill authorizes the President to issue letters of marque and reprisal to privately armed individuals and entities to seize the assets of certain Russian citizens.
Specifically, the holder of such a letter shall be authorized to employ all means reasonably necessary to seize any asset, such as a yacht or plane, outside of the United States that belongs to a Russian citizen on the Office of Foreign Asset Control's List of Specially Designated Nationals and Blocked Persons.
To authorize the President of the United States to issue letters of 
 marque and reprisal for the purpose of seizing the assets of certain 
               Russian citizens, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ISSUANCE OF LETTERS OF MARQUE AND REPRISAL FOR PURPOSE OF 
              SEIZING ASSETS OF CERTAIN RUSSIAN CITIZENS.

    (a) Authority of President.--The President of the United States is 
authorized and requested to commission, under officially issued letters 
of marque and reprisal, so many of privately armed and equipped persons 
and entities as, in the judgment of the President, the service may 
require, with suitable instructions to the leaders thereof, to employ 
all means reasonably necessary to seize outside the geographic 
boundaries of the United States and its territories any yacht, plane, 
or other asset of any Russian citizen who is on the List of Specially 
Designated Nationals and Blocked Persons maintained by the Office of 
Foreign Assets Control of the Department of the Treasury.
    (b) Security Bonds.--No letter of marque and reprisal shall be 
issued by the President without requiring the posting of a security 
bond in such amount as the President shall determine is sufficient to 
ensure that the letter be executed according to the terms and 
conditions thereof.
                                 <all>
To authorize the President of the United States to issue letters of marque and reprisal for the purpose of seizing the assets of certain Russian citizens, and for other purposes.
To authorize the President of the United States to issue letters of marque and reprisal for the purpose of seizing the assets of certain Russian citizens, and for other purposes.
Official Titles - House of Representatives
Official Title as Introduced
To authorize the President of the United States to issue letters of marque and reprisal for the purpose of seizing the assets of certain Russian citizens, and for other purposes.
Rep. Gooden, Lance