Section 1. Short title
This Act may be cited as the Sanctions Recovery Act of 2024.
(a) In general
The Director of the Office of Foreign Assets Control of the Department of the Treasury may deposit into the programs account of the Office of Foreign Assets Control an amount equal to 5 percent of any foreign assets seized through the enforcement of sanctions imposed by the United States.
(b) Use of amounts
The Director of the Office of Foreign Assets Control may use amounts deposited into the programs account under subsection (a) for the same purposes as amounts appropriated to that account.
(c) Availability
Amounts deposited under subsection (a) shall be available until expended.