S-217Government of Canada
An Act respecting the repurposing of certain seized, frozen or sequestrated assets
Frozen Assets Repurposing Act. Authorizes the federal government to repurpose certain seized, frozen or sequestrated assets (typically from sanctioned foreign officials and oligarchs) for the benefit of victims of the conduct that triggered the sanction. Companion idea to S-278.
Status
✓
Introduced✓
1st Reading3
2nd Reading4
Committee5
Report6
3rd Reading7
Royal AssentQuick learn
Would let Ottawa repurpose assets it has seized or frozen from sanctioned foreign officials and oligarchs to compensate the victims of their conduct, such as Ukrainians harmed by Russia's invasion. A Senate bill, similar in aim to S-278.
Issues this bill touches
- Foreign Policy & Defence
Authorizes Ottawa to repurpose seized or frozen foreign-official assets to compensate victims.
Legislative history
- First reading
First reading in the Senate.
View source - Second reading
Second reading in the Senate.
View source
Official source
Read full text on Parliament of Canada