This law sends more U.S. help to Ukraine and its neighbors: it sets up a fund to help rebuild Ukraine after the war, lets the U.S. keep lending or giving military equipment to Ukraine and nearby European countries through 2028, and continues U.S. training and intelligence-sharing with Ukrainian forces through 2027, plus support to help Baltic countries strengthen their militaries and border security. It also directs the President to regularly check whether Russia is still attacking Ukraine, refusing to negotiate peace, or breaking a peace deal — and if so, the President must hit Russia with penalties, including freezing the U.S. assets and blocking visas of Russian officials, freezing the assets of major Russian oil, mining, and nuclear companies (including Rosatom, Russia's state nuclear company) and certain banks, and raising import taxes on Russian goods to at least 500% of their value, making them far more expensive to bring into the U.S.