| 1 | 1 | | II |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION S. 1241 |
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| 5 | 5 | | To impose sanctions and other measures with respect to the Russian Federa- |
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| 6 | 6 | | tion if the Government of the Russian Federation refuses to negotiate |
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| 7 | 7 | | a peace agreement with Ukraine, violates any such agreement, or initiates |
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| 8 | 8 | | another military invasion of Ukraine, and for other purposes. |
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| 9 | 9 | | IN THE SENATE OF THE UNITED STATES |
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| 10 | 10 | | APRIL1 (legislative day, MARCH31), 2025 |
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| 11 | 11 | | Mr. G |
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| 12 | 12 | | RAHAM(for himself, Mr. BLUMENTHAL, Mr. SULLIVAN, Mr. DURBIN, |
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| 13 | 13 | | Mrs. B |
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| 14 | 14 | | RITT, Mr. WHITEHOUSE, Mr. YOUNG, Mr. KING, Mr. RICKETTS, |
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| 15 | 15 | | Mr. K |
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| 16 | 16 | | AINE, Mr. CRAMER, Ms. KLOBUCHAR, Mr. CURTIS, Mr. SCHATZ, |
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| 17 | 17 | | Mr. C |
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| 18 | 18 | | OTTON, Ms. HASSAN, Mrs. FISCHER, Ms. ALSOBROOKS, Ms. |
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| 19 | 19 | | E |
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| 20 | 20 | | RNST, Ms. HIRONO, Mr. WICKER, Mrs. SHAHEEN, Mr. TILLIS, Mr. |
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| 21 | 21 | | W |
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| 22 | 22 | | ELCH, Mr. MULLIN, Mr. COONS, Mr. SHEEHY, Mrs. GILLIBRAND, Ms. |
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| 23 | 23 | | M |
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| 24 | 24 | | URKOWSKI, Mr. KELLY, Mr. HUSTED, Ms. SLOTKIN, Mr. GRASSLEY, |
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| 25 | 25 | | Mr. H |
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| 26 | 26 | | ICKENLOOPER, Mr. CORNYN, Mr. BENNET, Mrs. CAPITO, Mr. |
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| 27 | 27 | | G |
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| 28 | 28 | | ALLEGO, Mr. HOEVEN, Mr. FETTERMAN, Mr. BOOZMAN, Mr. VANHOL- |
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| 29 | 29 | | LEN, Mr. LANKFORD, Mr. HEINRICH, Mr. SCOTTof Florida, Mr. SCHIFF, |
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| 30 | 30 | | Mr. J |
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| 31 | 31 | | USTICE, Ms. WARREN, Mr. DAINES, Mr. REED, Mr. KENNEDY, and |
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| 32 | 32 | | Mr. B |
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| 33 | 33 | | ARRASSO) introduced the following bill; which was read twice and |
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| 34 | 34 | | referred to the Committee on Banking, Housing, and Urban Affairs |
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| 35 | 35 | | A BILL |
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| 36 | 36 | | To impose sanctions and other measures with respect to |
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| 37 | 37 | | the Russian Federation if the Government of the Russian |
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| 38 | 38 | | Federation refuses to negotiate a peace agreement with |
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| 39 | 39 | | Ukraine, violates any such agreement, or initiates an- |
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| 40 | 40 | | other military invasion of Ukraine, and for other pur- |
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| 41 | 41 | | poses. |
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| 44 | 44 | | •S 1241 IS |
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| 45 | 45 | | Be it enacted by the Senate and House of Representa-1 |
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| 46 | 46 | | tives of the United States of America in Congress assembled, 2 |
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| 47 | 47 | | SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 3 |
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| 48 | 48 | | (a) S |
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| 49 | 49 | | HORTTITLE.—This Act may be cited as the 4 |
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| 50 | 50 | | ‘‘Sanctioning Russia Act of 2025’’. 5 |
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| 51 | 51 | | (b) T |
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| 52 | 52 | | ABLE OFCONTENTS.—The table of contents for 6 |
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| 53 | 53 | | this Act is as follows: 7 |
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| 54 | 54 | | Sec. 1. Short title; table of contents. |
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| 55 | 55 | | Sec. 2. Sense of Congress. |
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| 56 | 56 | | Sec. 3. Definitions. |
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| 57 | 57 | | Sec. 4. Covered determination. |
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| 58 | 58 | | Sec. 5. Imposition of sanctions on certain persons affiliated with or supporting |
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| 59 | 59 | | the Government of the Russian Federation. |
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| 60 | 60 | | Sec. 6. Imposition of sanctions with respect to financial institutions affiliated |
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| 61 | 61 | | with the Government of the Russian Federation. |
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| 62 | 62 | | Sec. 7. Imposition of sanctions with respect to other entities owned by or affili- |
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| 63 | 63 | | ated with the Government of the Russian Federation. |
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| 64 | 64 | | Sec. 8. Prohibition on transfers of funds involving the Russian Federation. |
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| 65 | 65 | | Sec. 9. Prohibition on listing or trading of Russian entities on United States |
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| 66 | 66 | | securities exchanges. |
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| 67 | 67 | | Sec. 10. Prohibition on investments by United States financial institutions that |
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| 68 | 68 | | benefit the Government of the Russian Federation. |
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| 69 | 69 | | Sec. 11. Prohibition on energy exports to, and investments in energy sector of, |
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| 70 | 70 | | the Russian Federation. |
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| 71 | 71 | | Sec. 12. Prohibition on purchases of sovereign debt of the Russian Federation |
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| 72 | 72 | | by United States persons. |
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| 73 | 73 | | Sec. 13. Prohibition on provision of services to sanctioned financial institutions |
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| 74 | 74 | | by international financial messaging systems. |
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| 75 | 75 | | Sec. 14. Prohibition on importing, and sanctions with respect to, uranium from |
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| 76 | 76 | | the Russian Federation. |
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| 77 | 77 | | Sec. 15. Increases in duties on goods and services imported from the Russian |
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| 78 | 78 | | Federation. |
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| 79 | 79 | | Sec. 16. Imposition of CAATSA sanctions. |
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| 80 | 80 | | Sec. 17. Duties on countries that purchase Russian-origin oil, uranium, and pe- |
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| 81 | 81 | | troleum products. |
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| 82 | 82 | | Sec. 18. Exceptions. |
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| 83 | 83 | | Sec. 19. Implementation; penalties. |
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| 84 | 84 | | Sec. 20. Termination authority; reimposition of sanctions. |
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| 85 | 85 | | SEC. 2. SENSE OF CONGRESS. |
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| 86 | 86 | | 8 |
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| 87 | 87 | | It is the sense of Congress that— 9 |
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| 88 | 88 | | (1) if the Government of the Russian Federa-10 |
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| 89 | 89 | | tion is refusing to engage in good faith negotiations 11 |
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| 92 | 92 | | •S 1241 IS |
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| 93 | 93 | | for a lasting peace with Ukraine, the Russian Fed-1 |
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| 94 | 94 | | eration should be subject to maximum sanctions as 2 |
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| 95 | 95 | | allowed under United States law; and 3 |
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| 96 | 96 | | (2) in order to prevent another military inva-4 |
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| 97 | 97 | | sion or act that undermines the sovereignty of 5 |
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| 98 | 98 | | Ukraine following a negotiated peace, it should be 6 |
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| 99 | 99 | | the policy of the United States to provide sustain-7 |
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| 100 | 100 | | able levels of security assistance to Ukraine to pro-8 |
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| 101 | 101 | | vide a credible defensive and deterrent capability. 9 |
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| 102 | 102 | | SEC. 3. DEFINITIONS. 10 |
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| 103 | 103 | | In this Act: 11 |
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| 104 | 104 | | (1) A |
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| 105 | 105 | | CCOUNT; CORRESPONDENT ACCOUNT ; PAY-12 |
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| 106 | 106 | | ABLE-THROUGH ACCOUNT .—The terms ‘‘account’’, 13 |
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| 107 | 107 | | ‘‘correspondent account’’, and ‘‘payable-through ac-14 |
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| 108 | 108 | | count’’ have the meanings given those terms in sec-15 |
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| 109 | 109 | | tion 5318A of title 31, United States Code. 16 |
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| 110 | 110 | | (2) A |
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| 111 | 111 | | DMISSION; ADMITTED; ALIEN.—The terms 17 |
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| 112 | 112 | | ‘‘admission’’, ‘‘admitted’’, and ‘‘alien’’ have the 18 |
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| 113 | 113 | | meanings given those terms in section 101 of the 19 |
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| 114 | 114 | | Immigration and Nationality Act (8 U.S.C. 1101). 20 |
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| 115 | 115 | | (3) A |
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| 116 | 116 | | RMED FORCES OF THE RUSSIAN FEDERA -21 |
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| 117 | 117 | | TION.—The term ‘‘Armed Forces of the Russian 22 |
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| 118 | 118 | | Federation’’ includes— 23 |
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| 119 | 119 | | (A) the Aerospace Forces of the Russian 24 |
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| 120 | 120 | | Federation; 25 |
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| 123 | 123 | | •S 1241 IS |
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| 124 | 124 | | (B) the Airborne Forces of the Russian 1 |
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| 125 | 125 | | Federation; 2 |
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| 126 | 126 | | (C) the Ground Forces of the Russian 3 |
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| 127 | 127 | | Federation; 4 |
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| 128 | 128 | | (D) the Navy of the Russian Federation; 5 |
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| 129 | 129 | | (E) the Special Operations Command of 6 |
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| 130 | 130 | | the Russian Federation; 7 |
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| 131 | 131 | | (F) the Strategic Rocket Forces of the 8 |
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| 132 | 132 | | Russian Federation; 9 |
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| 133 | 133 | | (G) the General Staff of the Armed Forces 10 |
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| 134 | 134 | | of the Russian Federation; 11 |
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| 135 | 135 | | (H) the Main Directorate of the General 12 |
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| 136 | 136 | | Staff of the Armed Forces of the Russian Fed-13 |
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| 137 | 137 | | eration; and 14 |
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| 138 | 138 | | (I) any successor entities or proxies of the 15 |
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| 139 | 139 | | entities described in subparagraphs (A) through 16 |
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| 140 | 140 | | (H). 17 |
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| 141 | 141 | | (4) C |
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| 142 | 142 | | OVERED DETERMINATION .—The term 18 |
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| 143 | 143 | | ‘‘covered determination’’ means a determination by 19 |
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| 144 | 144 | | the President as described in section 4. 20 |
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| 145 | 145 | | (5) C |
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| 146 | 146 | | RITICAL INFRASTRUCTURE .— 21 |
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| 147 | 147 | | (A) I |
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| 148 | 148 | | N GENERAL.—The term ‘‘critical in-22 |
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| 149 | 149 | | frastructure’’, with respect to Ukraine, means 23 |
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| 150 | 150 | | systems and assets, whether physical or virtual, 24 |
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| 151 | 151 | | so vital to Ukraine that the incapacity or de-25 |
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| 154 | 154 | | •S 1241 IS |
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| 155 | 155 | | struction of such systems and assets would have 1 |
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| 156 | 156 | | catastrophic regional or national effects on pub-2 |
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| 157 | 157 | | lic health or safety, economic security, or na-3 |
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| 158 | 158 | | tional security. 4 |
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| 159 | 159 | | (B) I |
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| 160 | 160 | | NCLUDED SECTORS .—The term ‘‘crit-5 |
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| 161 | 161 | | ical infrastructure’’ includes assets in the fol-6 |
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| 162 | 162 | | lowing sectors: 7 |
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| 163 | 163 | | (i) Biotechnology. 8 |
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| 164 | 164 | | (ii) Chemical. 9 |
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| 165 | 165 | | (iii) Commercial facilities. 10 |
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| 166 | 166 | | (iv) Communications. 11 |
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| 167 | 167 | | (v) Critical manufacturing. 12 |
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| 168 | 168 | | (vi) Dams. 13 |
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| 169 | 169 | | (vii) Defense industrial base. 14 |
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| 170 | 170 | | (viii) Emergency services. 15 |
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| 171 | 171 | | (ix) Energy. 16 |
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| 172 | 172 | | (x) Financial services. 17 |
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| 173 | 173 | | (xi) Food and agriculture. 18 |
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| 174 | 174 | | (xii) Government facilities. 19 |
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| 175 | 175 | | (xiii) Healthcare and public health. 20 |
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| 176 | 176 | | (xiv) Information technology. 21 |
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| 177 | 177 | | (xv) Materials and waste. 22 |
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| 178 | 178 | | (xvi) Nuclear reactors. 23 |
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| 179 | 179 | | (xvii) Space. 24 |
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| 180 | 180 | | (xviii) Transportation systems. 25 |
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| 183 | 183 | | •S 1241 IS |
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| 184 | 184 | | (xix) Water and wastewater systems. 1 |
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| 185 | 185 | | (6) F |
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| 186 | 186 | | INANCIAL INSTITUTION.—The term ‘‘fi-2 |
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| 187 | 187 | | nancial institution’’ means a financial institution 3 |
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| 188 | 188 | | specified in subparagraph (A), (B), (C), (D), (E), 4 |
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| 189 | 189 | | (F), (G), (H), (I), (J), (M), or (Y) of section 5 |
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| 190 | 190 | | 5312(a)(2) of title 31, United States Code. 6 |
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| 191 | 191 | | (7) F |
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| 192 | 192 | | OREIGN PERSON.—The term ‘‘foreign per-7 |
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| 193 | 193 | | son’’ means an individual or entity that is not a 8 |
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| 194 | 194 | | United States person. 9 |
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| 195 | 195 | | (8) K |
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| 196 | 196 | | NOWINGLY; KNOWS.—The terms ‘‘know-10 |
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| 197 | 197 | | ingly’’ and ‘‘knows’’, with respect to conduct, a cir-11 |
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| 198 | 198 | | cumstance, or a result, means that a person had ac-12 |
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| 199 | 199 | | tual knowledge, or should have known, of the con-13 |
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| 200 | 200 | | duct, the circumstance, or the result. 14 |
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| 201 | 201 | | (9) M |
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| 202 | 202 | | ILITARY INVASION.—The term ‘‘military 15 |
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| 203 | 203 | | invasion’’ includes— 16 |
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| 204 | 204 | | (A) a ground operation or assault; 17 |
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| 205 | 205 | | (B) an amphibious landing or assault; 18 |
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| 206 | 206 | | (C) an airborne operation or air assault; 19 |
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| 207 | 207 | | (D) an aerial bombardment or blockade; 20 |
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| 208 | 208 | | (E) missile attacks, including rockets, bal-21 |
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| 209 | 209 | | listic missiles, cruise missiles, and hypersonic 22 |
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| 210 | 210 | | missiles; 23 |
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| 211 | 211 | | (F) a naval bombardment or armed block-24 |
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| 212 | 212 | | ade; 25 |
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| 216 | 216 | | (G) a cyber attack; and 1 |
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| 217 | 217 | | (H) an attack by a country on any terri-2 |
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| 218 | 218 | | tory controlled or administered by any other 3 |
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| 219 | 219 | | independent, sovereign country, including off-4 |
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| 220 | 220 | | shore islands controlled or administered by that 5 |
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| 221 | 221 | | country. 6 |
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| 222 | 222 | | (10) U |
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| 223 | 223 | | NITED STATES PERSON .—The term 7 |
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| 224 | 224 | | ‘‘United States person’’ means— 8 |
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| 225 | 225 | | (A) a United States citizen or an alien law-9 |
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| 226 | 226 | | fully admitted for permanent residence to the 10 |
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| 227 | 227 | | United States; or 11 |
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| 228 | 228 | | (B) an entity organized under the laws of 12 |
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| 229 | 229 | | the United States or any jurisdiction within the 13 |
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| 230 | 230 | | United States, including a foreign branch of 14 |
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| 231 | 231 | | such an entity. 15 |
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| 232 | 232 | | SEC. 4. COVERED DETERMINATION. 16 |
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| 233 | 233 | | (a) I |
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| 234 | 234 | | NGENERAL.—Not later than 15 days after the 17 |
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| 235 | 235 | | date of the enactment of this Act, and every 90 days there-18 |
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| 236 | 236 | | after, the President shall determine if any of the following 19 |
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| 237 | 237 | | actors has engaged, is engaging, or is planning to engage 20 |
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| 238 | 238 | | in an act described in subsection (b): 21 |
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| 239 | 239 | | (1) The Government of the Russian Federation. 22 |
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| 240 | 240 | | (2) Any proxy of the Government of the Rus-23 |
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| 241 | 241 | | sian Federation. 24 |
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| 245 | 245 | | (3) Any individual or entity controlled by or 1 |
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| 246 | 246 | | acting at the direction of the Government of the 2 |
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| 247 | 247 | | Russian Federation. 3 |
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| 248 | 248 | | (4) Any person described in section 5 or 6. 4 |
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| 249 | 249 | | (b) A |
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| 250 | 250 | | CTSDESCRIBED.—An act described in this sub-5 |
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| 251 | 251 | | section is any of the following: 6 |
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| 252 | 252 | | (1) Refusing to negotiate a peace agreement 7 |
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| 253 | 253 | | with Ukraine. 8 |
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| 254 | 254 | | (2) Violating any negotiated peace agreement. 9 |
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| 255 | 255 | | (3) Initiating another military invasion of 10 |
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| 256 | 256 | | Ukraine. 11 |
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| 257 | 257 | | (4) Overthrowing, dismantling, or seeking to 12 |
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| 258 | 258 | | subvert the Government of Ukraine. 13 |
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| 259 | 259 | | SEC. 5. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS 14 |
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| 260 | 260 | | AFFILIATED WITH OR SUPPORTING THE GOV-15 |
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| 261 | 261 | | ERNMENT OF THE RUSSIAN FEDERATION. 16 |
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| 262 | 262 | | (a) I |
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| 263 | 263 | | NGENERAL.—Not later than 15 days after mak-17 |
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| 264 | 264 | | ing a covered determination, and every 90 days thereafter, 18 |
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| 265 | 265 | | the President shall— 19 |
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| 266 | 266 | | (1) impose the sanctions described in subsection 20 |
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| 267 | 267 | | (c) with respect to the persons described in sub-21 |
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| 268 | 268 | | section (b); and 22 |
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| 269 | 269 | | (2) prohibit any United States person from en-23 |
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| 270 | 270 | | gaging in any transaction with a person described in 24 |
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| 271 | 271 | | subsection (b). 25 |
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| 275 | 275 | | (b) PERSONSDESCRIBED.—The persons described in 1 |
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| 276 | 276 | | this subsection are the following: 2 |
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| 277 | 277 | | (1) The following officials of the Government of 3 |
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| 278 | 278 | | the Russian Federation: 4 |
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| 279 | 279 | | (A) The President of the Russian Federa-5 |
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| 280 | 280 | | tion. 6 |
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| 281 | 281 | | (B) The Prime Minister of the Russian 7 |
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| 282 | 282 | | Federation. 8 |
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| 283 | 283 | | (C) The Minister of Defense of the Rus-9 |
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| 284 | 284 | | sian Federation. 10 |
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| 285 | 285 | | (D) The Chief of the General Staff of the 11 |
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| 286 | 286 | | Armed Forces of the Russian Federation. 12 |
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| 287 | 287 | | (E) The Deputy Ministers of Defense of 13 |
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| 288 | 288 | | the Russian Federation. 14 |
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| 289 | 289 | | (F) The Commander-in-Chief of the Land 15 |
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| 290 | 290 | | Forces of the Russian Federation. 16 |
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| 291 | 291 | | (G) The Commander-in-Chief of the Aero-17 |
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| 292 | 292 | | space Forces of the Russian Federation. 18 |
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| 293 | 293 | | (H) The Commander of the Airborne 19 |
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| 294 | 294 | | Forces of the Russian Federation. 20 |
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| 295 | 295 | | (I) The Commander-in-Chief of the Navy 21 |
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| 296 | 296 | | of the Russian Federation. 22 |
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| 297 | 297 | | (J) The Commander of the Strategic Rock-23 |
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| 298 | 298 | | et Forces of the Russian Federation. 24 |
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| 302 | 302 | | (K) The Commander of the Special Oper-1 |
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| 303 | 303 | | ations Forces of the Russian Federation. 2 |
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| 304 | 304 | | (L) The Commander of Logistical Support 3 |
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| 305 | 305 | | of the Armed Forces of the Russian Federation. 4 |
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| 306 | 306 | | (M) The commanders of the Russian Fed-5 |
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| 307 | 307 | | eration military districts. 6 |
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| 308 | 308 | | (N) The Minister of Foreign Affairs of the 7 |
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| 309 | 309 | | Russian Federation. 8 |
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| 310 | 310 | | (O) The Minister of Transport of the Rus-9 |
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| 311 | 311 | | sian Federation. 10 |
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| 312 | 312 | | (P) The Minister of Finance of the Rus-11 |
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| 313 | 313 | | sian Federation. 12 |
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| 314 | 314 | | (Q) The Minister of Industry and Trade of 13 |
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| 315 | 315 | | the Russian Federation. 14 |
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| 316 | 316 | | (R) The Minister of Energy of the Russian 15 |
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| 317 | 317 | | Federation. 16 |
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| 318 | 318 | | (S) The Minister of Agriculture of the 17 |
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| 319 | 319 | | Russian Federation. 18 |
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| 320 | 320 | | (T) The Director of the Foreign Intel-19 |
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| 321 | 321 | | ligence Service of the Russian Federation. 20 |
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| 322 | 322 | | (U) The Director of the Federal Security 21 |
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| 323 | 323 | | Service of the Russian Federation. 22 |
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| 324 | 324 | | (V) The Director of the Main Directorate 23 |
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| 325 | 325 | | of the General Staff of the Armed Forces of the 24 |
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| 326 | 326 | | Russian Federation. 25 |
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| 330 | 330 | | (W) The Director of the National Guard of 1 |
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| 331 | 331 | | the Russian Federation. 2 |
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| 332 | 332 | | (X) The Federal Guard Service of the Rus-3 |
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| 333 | 333 | | sian Federation. 4 |
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| 334 | 334 | | (2) Any foreign person that— 5 |
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| 335 | 335 | | (A) knowingly sells, supplies, transfers, 6 |
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| 336 | 336 | | markets, or provides defense articles, equip-7 |
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| 337 | 337 | | ment, goods, services, technology, or materials 8 |
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| 338 | 338 | | to the Armed Forces of the Russian Federation; 9 |
|---|
| 339 | 339 | | (B) knowingly conducts a transaction with 10 |
|---|
| 340 | 340 | | the Armed Forces of the Russian Federation; 11 |
|---|
| 341 | 341 | | (C) has engaged in or attempted to engage 12 |
|---|
| 342 | 342 | | in activities that— 13 |
|---|
| 343 | 343 | | (i) materially undermine the military 14 |
|---|
| 344 | 344 | | readiness of Ukraine; 15 |
|---|
| 345 | 345 | | (ii) seek to overthrow, dismantle, or 16 |
|---|
| 346 | 346 | | subvert the Government of Ukraine; 17 |
|---|
| 347 | 347 | | (iii) debilitate the critical infrastruc-18 |
|---|
| 348 | 348 | | ture of Ukraine; 19 |
|---|
| 349 | 349 | | (iv) debilitate cybersecurity systems 20 |
|---|
| 350 | 350 | | through malicious electronic attacks or 21 |
|---|
| 351 | 351 | | cyberattacks on Ukraine; 22 |
|---|
| 352 | 352 | | (v) undermine the democratic proc-23 |
|---|
| 353 | 353 | | esses of Ukraine; or 24 |
|---|
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| 355 | 355 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 12 |
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| 356 | 356 | | •S 1241 IS |
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| 357 | 357 | | (vi) involve committing serious human 1 |
|---|
| 358 | 358 | | rights abuses against citizens of Ukraine, 2 |
|---|
| 359 | 359 | | including forceful transfers, enforced dis-3 |
|---|
| 360 | 360 | | appearances, unjust detainment, or tor-4 |
|---|
| 361 | 361 | | ture; 5 |
|---|
| 362 | 362 | | (D) operates or has operated in the energy, 6 |
|---|
| 363 | 363 | | commodities, telecommunications, banking, in-7 |
|---|
| 364 | 364 | | dustrial, transportation, or manufacturing sec-8 |
|---|
| 365 | 365 | | tors of the economy of the Russian Federation; 9 |
|---|
| 366 | 366 | | (E) is an oligarch (as defined and identi-10 |
|---|
| 367 | 367 | | fied by the President); 11 |
|---|
| 368 | 368 | | (F) is responsible for or complicit in, or 12 |
|---|
| 369 | 369 | | has directly or indirectly engaged or attempted 13 |
|---|
| 370 | 370 | | to engage in, for or on behalf of, or for the ben-14 |
|---|
| 371 | 371 | | efit of, directly or indirectly, the Government of 15 |
|---|
| 372 | 372 | | the Russian Federation— 16 |
|---|
| 373 | 373 | | (i) transnational corruption, bribery, 17 |
|---|
| 374 | 374 | | extortion, or money laundering; 18 |
|---|
| 375 | 375 | | (ii) assassination, murder, or other 19 |
|---|
| 376 | 376 | | unlawful killing of, or infliction of other 20 |
|---|
| 377 | 377 | | bodily harm against, a United States per-21 |
|---|
| 378 | 378 | | son or a citizen or national of an ally or 22 |
|---|
| 379 | 379 | | partner of the United States; 23 |
|---|
| 380 | 380 | | (iii) activities that undermine the 24 |
|---|
| 381 | 381 | | peace, security, political stability, or terri-25 |
|---|
| 382 | 382 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 383 | 383 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 13 |
|---|
| 384 | 384 | | •S 1241 IS |
|---|
| 385 | 385 | | torial integrity of the United States or an 1 |
|---|
| 386 | 386 | | ally or partner of the United States; or 2 |
|---|
| 387 | 387 | | (iv) deceptive or structured trans-3 |
|---|
| 388 | 388 | | actions or dealings to circumvent the appli-4 |
|---|
| 389 | 389 | | cation of any sanctions imposed by the 5 |
|---|
| 390 | 390 | | United States, including through the use 6 |
|---|
| 391 | 391 | | of digital currencies or assets or the use of 7 |
|---|
| 392 | 392 | | physical assets. 8 |
|---|
| 393 | 393 | | (3) Any person or agent of any person de-9 |
|---|
| 394 | 394 | | scribed in paragraph (1) or (2) if the sanctioned 10 |
|---|
| 395 | 395 | | person transferred property or an interest in prop-11 |
|---|
| 396 | 396 | | erty to the person— 12 |
|---|
| 397 | 397 | | (A) after the date on which the President 13 |
|---|
| 398 | 398 | | imposed sanctions with respect to the sanc-14 |
|---|
| 399 | 399 | | tioned person; or 15 |
|---|
| 400 | 400 | | (B) before that date, if the sanctioned per-16 |
|---|
| 401 | 401 | | son did so in an attempt to evade the imposi-17 |
|---|
| 402 | 402 | | tion of sanctions. 18 |
|---|
| 403 | 403 | | (c) S |
|---|
| 404 | 404 | | ANCTIONSDESCRIBED.—The sanctions de-19 |
|---|
| 405 | 405 | | scribed in this subsection to be imposed with respect to 20 |
|---|
| 406 | 406 | | a person described in subsection (b) are the following: 21 |
|---|
| 407 | 407 | | (1) B |
|---|
| 408 | 408 | | LOCKING OF PROPERTY .— 22 |
|---|
| 409 | 409 | | (A) I |
|---|
| 410 | 410 | | N GENERAL.—The President shall ex-23 |
|---|
| 411 | 411 | | ercise all of the powers granted by the Inter-24 |
|---|
| 412 | 412 | | national Emergency Economic Powers Act (50 25 |
|---|
| 413 | 413 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00013 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 414 | 414 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 14 |
|---|
| 415 | 415 | | •S 1241 IS |
|---|
| 416 | 416 | | U.S.C. 1701 et seq.) to block and prohibit all 1 |
|---|
| 417 | 417 | | transactions in all property and interests in 2 |
|---|
| 418 | 418 | | property of the person if such property and in-3 |
|---|
| 419 | 419 | | terests in property are in the United States, 4 |
|---|
| 420 | 420 | | come within the United States, or are or come 5 |
|---|
| 421 | 421 | | within the possession or control of a United 6 |
|---|
| 422 | 422 | | States person. 7 |
|---|
| 423 | 423 | | (B) I |
|---|
| 424 | 424 | | NAPPLICABILITY OF NATIONAL EMER -8 |
|---|
| 425 | 425 | | GENCY REQUIREMENT .—The requirements of 9 |
|---|
| 426 | 426 | | section 202 of the International Emergency 10 |
|---|
| 427 | 427 | | Economic Powers Act (50 U.S.C. 1701) shall 11 |
|---|
| 428 | 428 | | not apply for purposes of this section. 12 |
|---|
| 429 | 429 | | (2) I |
|---|
| 430 | 430 | | NELIGIBILITY FOR VISAS, ADMISSION, OR 13 |
|---|
| 431 | 431 | | PAROLE.— 14 |
|---|
| 432 | 432 | | (A) V |
|---|
| 433 | 433 | | ISAS, ADMISSION, OR PAROLE.—An 15 |
|---|
| 434 | 434 | | alien described in subsection (b) shall be— 16 |
|---|
| 435 | 435 | | (i) inadmissible to the United States; 17 |
|---|
| 436 | 436 | | (ii) ineligible to receive a visa or other 18 |
|---|
| 437 | 437 | | documentation to enter the United States; 19 |
|---|
| 438 | 438 | | and 20 |
|---|
| 439 | 439 | | (iii) otherwise ineligible to be admitted 21 |
|---|
| 440 | 440 | | or paroled into the United States or to re-22 |
|---|
| 441 | 441 | | ceive any other benefit under the Immigra-23 |
|---|
| 442 | 442 | | tion and Nationality Act (8 U.S.C. 1101 et 24 |
|---|
| 443 | 443 | | seq.). 25 |
|---|
| 444 | 444 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00014 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 445 | 445 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 15 |
|---|
| 446 | 446 | | •S 1241 IS |
|---|
| 447 | 447 | | (B) CURRENT VISAS REVOKED .— 1 |
|---|
| 448 | 448 | | (i) I |
|---|
| 449 | 449 | | N GENERAL.—The visa or other 2 |
|---|
| 450 | 450 | | entry documentation of an alien described 3 |
|---|
| 451 | 451 | | in subsection (b) shall be revoked, regard-4 |
|---|
| 452 | 452 | | less of when such visa or other entry docu-5 |
|---|
| 453 | 453 | | mentation is or was issued. 6 |
|---|
| 454 | 454 | | (ii) I |
|---|
| 455 | 455 | | MMEDIATE EFFECT .—A revoca-7 |
|---|
| 456 | 456 | | tion under clause (i) shall— 8 |
|---|
| 457 | 457 | | (I) take effect immediately; and 9 |
|---|
| 458 | 458 | | (II) automatically cancel any 10 |
|---|
| 459 | 459 | | other valid visa or entry documenta-11 |
|---|
| 460 | 460 | | tion that is in the possession of the 12 |
|---|
| 461 | 461 | | alien. 13 |
|---|
| 462 | 462 | | SEC. 6. IMPOSITION OF SANCTIONS WITH RESPECT TO FI-14 |
|---|
| 463 | 463 | | NANCIAL INSTITUTIONS AFFILIATED WITH 15 |
|---|
| 464 | 464 | | THE GOVERNMENT OF THE RUSSIAN FED-16 |
|---|
| 465 | 465 | | ERATION. 17 |
|---|
| 466 | 466 | | (a) I |
|---|
| 467 | 467 | | NGENERAL.—Not later than 15 days after mak-18 |
|---|
| 468 | 468 | | ing a covered determination, and every 90 days thereafter, 19 |
|---|
| 469 | 469 | | the Secretary of the Treasury shall— 20 |
|---|
| 470 | 470 | | (1) impose the sanctions described in subsection 21 |
|---|
| 471 | 471 | | (b) with respect to— 22 |
|---|
| 472 | 472 | | (A) the Central Bank of the Russian Fed-23 |
|---|
| 473 | 473 | | eration (Bank of Russia); 24 |
|---|
| 474 | 474 | | (B) Sberbank; 25 |
|---|
| 475 | 475 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00015 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 476 | 476 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 16 |
|---|
| 477 | 477 | | •S 1241 IS |
|---|
| 478 | 478 | | (C) VTB Bank; 1 |
|---|
| 479 | 479 | | (D) Gazprombank; 2 |
|---|
| 480 | 480 | | (E) any other financial institution orga-3 |
|---|
| 481 | 481 | | nized under the laws of the Russian Federation 4 |
|---|
| 482 | 482 | | and owned in whole or part by the Government 5 |
|---|
| 483 | 483 | | of the Russian Federation; 6 |
|---|
| 484 | 484 | | (F) any subsidiary of, or successor entity 7 |
|---|
| 485 | 485 | | to, any of the financial institutions described in 8 |
|---|
| 486 | 486 | | subparagraphs (A) through (E); and 9 |
|---|
| 487 | 487 | | (G) any financial institution that engages 10 |
|---|
| 488 | 488 | | in transactions with any of the financial institu-11 |
|---|
| 489 | 489 | | tions described in subparagraphs (A) through 12 |
|---|
| 490 | 490 | | (F); 13 |
|---|
| 491 | 491 | | (2) impose the sanctions described in section 14 |
|---|
| 492 | 492 | | 5(c) with respect to any directors of, officers of, offi-15 |
|---|
| 493 | 493 | | cials of, and shareholders with an interest in, a fi-16 |
|---|
| 494 | 494 | | nancial institution described in paragraph (1); and 17 |
|---|
| 495 | 495 | | (3) prohibit any United States person from en-18 |
|---|
| 496 | 496 | | gaging in any transaction with a financial institution 19 |
|---|
| 497 | 497 | | described in paragraph (1). 20 |
|---|
| 498 | 498 | | (b) S |
|---|
| 499 | 499 | | ANCTIONSDESCRIBED.—The sanctions de-21 |
|---|
| 500 | 500 | | scribed in this subsection to be imposed with respect to 22 |
|---|
| 501 | 501 | | a financial institution described in subsection (a)(1) are 23 |
|---|
| 502 | 502 | | the following: 24 |
|---|
| 503 | 503 | | (1) B |
|---|
| 504 | 504 | | LOCKING OF PROPERTY .— 25 |
|---|
| 505 | 505 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00016 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 506 | 506 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 17 |
|---|
| 507 | 507 | | •S 1241 IS |
|---|
| 508 | 508 | | (A) IN GENERAL.—The President shall ex-1 |
|---|
| 509 | 509 | | ercise all of the powers granted to the President 2 |
|---|
| 510 | 510 | | under the International Emergency Economic 3 |
|---|
| 511 | 511 | | Powers Act (50 U.S.C. 1701 et seq.) to the ex-4 |
|---|
| 512 | 512 | | tent necessary to block and prohibit all trans-5 |
|---|
| 513 | 513 | | actions in property and interests in property of 6 |
|---|
| 514 | 514 | | the financial institution if such property and in-7 |
|---|
| 515 | 515 | | terests in property are in the United States, 8 |
|---|
| 516 | 516 | | come within the United States, or are or come 9 |
|---|
| 517 | 517 | | within the possession or control of a United 10 |
|---|
| 518 | 518 | | States person. 11 |
|---|
| 519 | 519 | | (B) I |
|---|
| 520 | 520 | | NAPPLICABILITY OF NATIONAL EMER -12 |
|---|
| 521 | 521 | | GENCY REQUIREMENT .—The requirements of 13 |
|---|
| 522 | 522 | | section 202 of the International Emergency 14 |
|---|
| 523 | 523 | | Economic Powers Act (50 U.S.C. 1701) shall 15 |
|---|
| 524 | 524 | | not apply for purposes of this section. 16 |
|---|
| 525 | 525 | | (2) R |
|---|
| 526 | 526 | | ESTRICTIONS ON CORRESPONDENT AND 17 |
|---|
| 527 | 527 | | PAYABLE-THROUGH ACCOUNTS .—The President 18 |
|---|
| 528 | 528 | | shall prohibit the opening, and prohibit or impose 19 |
|---|
| 529 | 529 | | strict conditions on the maintaining, in the United 20 |
|---|
| 530 | 530 | | States, of a correspondent account or payable- 21 |
|---|
| 531 | 531 | | through account by the financial institution. 22 |
|---|
| 532 | 532 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00017 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 533 | 533 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 18 |
|---|
| 534 | 534 | | •S 1241 IS |
|---|
| 535 | 535 | | SEC. 7. IMPOSITION OF SANCTIONS WITH RESPECT TO 1 |
|---|
| 536 | 536 | | OTHER ENTITIES OWNED BY OR AFFILIATED 2 |
|---|
| 537 | 537 | | WITH THE GOVERNMENT OF THE RUSSIAN 3 |
|---|
| 538 | 538 | | FEDERATION. 4 |
|---|
| 539 | 539 | | (a) I |
|---|
| 540 | 540 | | NGENERAL.—Not later than 15 days after mak-5 |
|---|
| 541 | 541 | | ing a covered determination, and every 90 days thereafter, 6 |
|---|
| 542 | 542 | | the Secretary of the Treasury shall impose the sanctions 7 |
|---|
| 543 | 543 | | described in subsection (b) with respect to any entity 8 |
|---|
| 544 | 544 | | that— 9 |
|---|
| 545 | 545 | | (1) the Government of the Russian Federation 10 |
|---|
| 546 | 546 | | has an ownership interest in; or 11 |
|---|
| 547 | 547 | | (2) is otherwise affiliated with the Government 12 |
|---|
| 548 | 548 | | of the Russian Federation. 13 |
|---|
| 549 | 549 | | (b) B |
|---|
| 550 | 550 | | LOCKING OFPROPERTY.— 14 |
|---|
| 551 | 551 | | (1) I |
|---|
| 552 | 552 | | N GENERAL.—The President shall exercise 15 |
|---|
| 553 | 553 | | all of the powers granted to the President under the 16 |
|---|
| 554 | 554 | | International Emergency Economic Powers Act (50 17 |
|---|
| 555 | 555 | | U.S.C. 1701 et seq.) to the extent necessary to block 18 |
|---|
| 556 | 556 | | and prohibit all transactions in property and inter-19 |
|---|
| 557 | 557 | | ests in property of an entity described in subsection 20 |
|---|
| 558 | 558 | | (a) if such property and interests in property are in 21 |
|---|
| 559 | 559 | | the United States, come within the United States, or 22 |
|---|
| 560 | 560 | | are or come within the possession or control of a 23 |
|---|
| 561 | 561 | | United States person. 24 |
|---|
| 562 | 562 | | (2) I |
|---|
| 563 | 563 | | NAPPLICABILITY OF NATIONAL EMER -25 |
|---|
| 564 | 564 | | GENCY REQUIREMENT .—The requirements of section 26 |
|---|
| 565 | 565 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00018 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 566 | 566 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 19 |
|---|
| 567 | 567 | | •S 1241 IS |
|---|
| 568 | 568 | | 202 of the International Emergency Economic Pow-1 |
|---|
| 569 | 569 | | ers Act (50 U.S.C. 1701) shall not apply for pur-2 |
|---|
| 570 | 570 | | poses of this section. 3 |
|---|
| 571 | 571 | | SEC. 8. PROHIBITION ON TRANSFERS OF FUNDS INVOLV-4 |
|---|
| 572 | 572 | | ING THE RUSSIAN FEDERATION. 5 |
|---|
| 573 | 573 | | (a) I |
|---|
| 574 | 574 | | NGENERAL.—Except as provided by subsection 6 |
|---|
| 575 | 575 | | (b), not later than 15 days after a covered determination 7 |
|---|
| 576 | 576 | | is made, a depository institution (as defined in section 8 |
|---|
| 577 | 577 | | 19(b)(1)(A) of the Federal Reserve Act (12 U.S.C. 9 |
|---|
| 578 | 578 | | 461(b)(1)(A))) or a broker or dealer in securities reg-10 |
|---|
| 579 | 579 | | istered with the Securities and Exchange Commission 11 |
|---|
| 580 | 580 | | under the Securities Exchange Act of 1934 (15 U.S.C. 12 |
|---|
| 581 | 581 | | 78a et seq.) may not process transfers of funds— 13 |
|---|
| 582 | 582 | | (1) to or from the Russian Federation; or 14 |
|---|
| 583 | 583 | | (2) for the direct or indirect benefit of officials 15 |
|---|
| 584 | 584 | | of the Government of the Russian Federation. 16 |
|---|
| 585 | 585 | | (b) E |
|---|
| 586 | 586 | | XCEPTION.—A depository institution, broker, or 17 |
|---|
| 587 | 587 | | dealer described in subsection (a) may process a transfer 18 |
|---|
| 588 | 588 | | described in that subsection if the transfer— 19 |
|---|
| 589 | 589 | | (1) arises from, and is ordinarily incident and 20 |
|---|
| 590 | 590 | | necessary to give effect to, an underlying transaction 21 |
|---|
| 591 | 591 | | that is authorized by a specific or general license; 22 |
|---|
| 592 | 592 | | and 23 |
|---|
| 593 | 593 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00019 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 594 | 594 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 20 |
|---|
| 595 | 595 | | •S 1241 IS |
|---|
| 596 | 596 | | (2) does not involve debiting or crediting an ac-1 |
|---|
| 597 | 597 | | count affiliated with the Russian Federation or held 2 |
|---|
| 598 | 598 | | by a Russian person. 3 |
|---|
| 599 | 599 | | (c) R |
|---|
| 600 | 600 | | USSIANPERSONDEFINED.—In this section, the 4 |
|---|
| 601 | 601 | | term ‘‘Russian person’’ means— 5 |
|---|
| 602 | 602 | | (1) a citizen or national of the Russian Federa-6 |
|---|
| 603 | 603 | | tion; or 7 |
|---|
| 604 | 604 | | (2) an entity organized under the laws of the 8 |
|---|
| 605 | 605 | | Russian Federation or otherwise subject to the juris-9 |
|---|
| 606 | 606 | | diction of the Government of the Russian Federa-10 |
|---|
| 607 | 607 | | tion. 11 |
|---|
| 608 | 608 | | SEC. 9. PROHIBITION ON LISTING OR TRADING OF RUSSIAN 12 |
|---|
| 609 | 609 | | ENTITIES ON UNITED STATES SECURITIES 13 |
|---|
| 610 | 610 | | EXCHANGES. 14 |
|---|
| 611 | 611 | | (a) I |
|---|
| 612 | 612 | | NGENERAL.—Not later than 15 days after a 15 |
|---|
| 613 | 613 | | covered determination is made, the Securities and Ex-16 |
|---|
| 614 | 614 | | change Commission shall prohibit the securities of an 17 |
|---|
| 615 | 615 | | issuer described in subsection (b) from being traded on 18 |
|---|
| 616 | 616 | | a national securities exchange. 19 |
|---|
| 617 | 617 | | (b) I |
|---|
| 618 | 618 | | SSUERS.—An issuer described in this subsection 20 |
|---|
| 619 | 619 | | is an issuer that is— 21 |
|---|
| 620 | 620 | | (1) an official of or individual affiliated with the 22 |
|---|
| 621 | 621 | | Government of the Russian Federation; or 23 |
|---|
| 622 | 622 | | (2) an entity that— 24 |
|---|
| 623 | 623 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00020 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 624 | 624 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 21 |
|---|
| 625 | 625 | | •S 1241 IS |
|---|
| 626 | 626 | | (A) the Government of the Russian Fed-1 |
|---|
| 627 | 627 | | eration has an ownership interest in; or 2 |
|---|
| 628 | 628 | | (B) is otherwise affiliated with the Govern-3 |
|---|
| 629 | 629 | | ment of the Russian Federation. 4 |
|---|
| 630 | 630 | | (c) D |
|---|
| 631 | 631 | | EFINITIONS.—In this section: 5 |
|---|
| 632 | 632 | | (1) I |
|---|
| 633 | 633 | | SSUER; SECURITY.—The terms ‘‘issuer’’ 6 |
|---|
| 634 | 634 | | and ‘‘security’’ have the meanings given those terms 7 |
|---|
| 635 | 635 | | in section 3(a) of the Securities Exchange Act of 8 |
|---|
| 636 | 636 | | 1934 (15 U.S.C. 78c(a)). 9 |
|---|
| 637 | 637 | | (2) N |
|---|
| 638 | 638 | | ATIONAL SECURITIES EXCHANGE .—The 10 |
|---|
| 639 | 639 | | term ‘‘national securities exchange’’ means an ex-11 |
|---|
| 640 | 640 | | change registered as a national securities exchange 12 |
|---|
| 641 | 641 | | in accordance with section 6 of the Securities Ex-13 |
|---|
| 642 | 642 | | change Act of 1934 (15 U.S.C. 78f). 14 |
|---|
| 643 | 643 | | SEC. 10. PROHIBITION ON INVESTMENTS BY UNITED 15 |
|---|
| 644 | 644 | | STATES FINANCIAL INSTITUTIONS THAT BEN-16 |
|---|
| 645 | 645 | | EFIT THE GOVERNMENT OF THE RUSSIAN 17 |
|---|
| 646 | 646 | | FEDERATION. 18 |
|---|
| 647 | 647 | | (a) I |
|---|
| 648 | 648 | | NGENERAL.—Not later than 15 days after a 19 |
|---|
| 649 | 649 | | covered determination is made, the Secretary of the Treas-20 |
|---|
| 650 | 650 | | ury shall prohibit any United States financial institution 21 |
|---|
| 651 | 651 | | from making any investment described in subsection (b). 22 |
|---|
| 652 | 652 | | (b) I |
|---|
| 653 | 653 | | NVESTMENTSDESCRIBED.—An investment de-23 |
|---|
| 654 | 654 | | scribed in this subsection is a monetary investment in or 24 |
|---|
| 655 | 655 | | to— 25 |
|---|
| 656 | 656 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00021 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 657 | 657 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 22 |
|---|
| 658 | 658 | | •S 1241 IS |
|---|
| 659 | 659 | | (1) an entity owned or controlled by the Gov-1 |
|---|
| 660 | 660 | | ernment of the Russian Federation; or 2 |
|---|
| 661 | 661 | | (2) the Armed Forces of the Russian Federa-3 |
|---|
| 662 | 662 | | tion. 4 |
|---|
| 663 | 663 | | (c) U |
|---|
| 664 | 664 | | NITEDSTATESFINANCIALINSTITUTIONDE-5 |
|---|
| 665 | 665 | | FINED.—In this section, the term ‘‘United States financial 6 |
|---|
| 666 | 666 | | institution’’— 7 |
|---|
| 667 | 667 | | (1) means any financial institution that is a 8 |
|---|
| 668 | 668 | | United States person; and 9 |
|---|
| 669 | 669 | | (2) includes an investment company, private eq-10 |
|---|
| 670 | 670 | | uity company, venture capital company, or hedge 11 |
|---|
| 671 | 671 | | fund that is a United States person. 12 |
|---|
| 672 | 672 | | SEC. 11. PROHIBITION ON ENERGY EXPORTS TO, AND IN-13 |
|---|
| 673 | 673 | | VESTMENTS IN ENERGY SECTOR OF, THE 14 |
|---|
| 674 | 674 | | RUSSIAN FEDERATION. 15 |
|---|
| 675 | 675 | | (a) P |
|---|
| 676 | 676 | | ROHIBITION ONEXPORTS.— 16 |
|---|
| 677 | 677 | | (1) I |
|---|
| 678 | 678 | | N GENERAL.—Not later than 15 days after 17 |
|---|
| 679 | 679 | | a covered determination is made, the Secretary of 18 |
|---|
| 680 | 680 | | Commerce shall prohibit, under the Export Control 19 |
|---|
| 681 | 681 | | Reform Act of 2018 (50 U.S.C. 4801 et seq.), the 20 |
|---|
| 682 | 682 | | export, reexport, or in-country transfer to or in the 21 |
|---|
| 683 | 683 | | Russian Federation of any energy or energy product 22 |
|---|
| 684 | 684 | | produced in the United States. 23 |
|---|
| 685 | 685 | | (2) D |
|---|
| 686 | 686 | | EFINITIONS.—In this subsection, the 24 |
|---|
| 687 | 687 | | terms ‘‘export’’, ‘‘in-country transfer’’, and ‘‘reex-25 |
|---|
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|---|
| 690 | 690 | | •S 1241 IS |
|---|
| 691 | 691 | | port’’ have the meanings given those terms in sec-1 |
|---|
| 692 | 692 | | tion 1742 of the Export Control Reform Act of 2018 2 |
|---|
| 693 | 693 | | (50 U.S.C. 4801). 3 |
|---|
| 694 | 694 | | (b) P |
|---|
| 695 | 695 | | ROHIBITION ONINVESTMENTS.—On and after 4 |
|---|
| 696 | 696 | | the date on which a covered determination is made, a 5 |
|---|
| 697 | 697 | | United States person may not make an investment in the 6 |
|---|
| 698 | 698 | | energy sector of the Russian Federation. 7 |
|---|
| 699 | 699 | | (c) S |
|---|
| 700 | 700 | | ANCTIONS.—The President shall— 8 |
|---|
| 701 | 701 | | (1) impose the sanctions described in section 9 |
|---|
| 702 | 702 | | 5(c) with respect to any foreign person that the 10 |
|---|
| 703 | 703 | | President determines knowingly sells, supplies, 11 |
|---|
| 704 | 704 | | transfers, markets, or provides goods, services, tech-12 |
|---|
| 705 | 705 | | nology, information, or other support that facilitates 13 |
|---|
| 706 | 706 | | the maintenance or expansion of the production of 14 |
|---|
| 707 | 707 | | oil, uranium, natural gas, petroleum, petroleum 15 |
|---|
| 708 | 708 | | products, or petrochemical products for use by any 16 |
|---|
| 709 | 709 | | person subject to sanctions under section 5 or 6; and 17 |
|---|
| 710 | 710 | | (2) prohibit any United States person from en-18 |
|---|
| 711 | 711 | | gaging in any transaction with a person described in 19 |
|---|
| 712 | 712 | | paragraph (1). 20 |
|---|
| 713 | 713 | | SEC. 12. PROHIBITION ON PURCHASES OF SOVEREIGN 21 |
|---|
| 714 | 714 | | DEBT OF THE RUSSIAN FEDERATION BY 22 |
|---|
| 715 | 715 | | UNITED STATES PERSONS. 23 |
|---|
| 716 | 716 | | On and after the date that is 15 days after a covered 24 |
|---|
| 717 | 717 | | determination is made, the purchase of sovereign debt of 25 |
|---|
| 718 | 718 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00023 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
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|---|
| 720 | 720 | | •S 1241 IS |
|---|
| 721 | 721 | | the Government of the Russian Federation by any United 1 |
|---|
| 722 | 722 | | States person is prohibited. 2 |
|---|
| 723 | 723 | | SEC. 13. PROHIBITION ON PROVISION OF SERVICES TO 3 |
|---|
| 724 | 724 | | SANCTIONED FINANCIAL INSTITUTIONS BY 4 |
|---|
| 725 | 725 | | INTERNATIONAL FINANCIAL MESSAGING SYS-5 |
|---|
| 726 | 726 | | TEMS. 6 |
|---|
| 727 | 727 | | Not later than 15 days after making a covered deter-7 |
|---|
| 728 | 728 | | mination, and every 90 days thereafter, the President shall 8 |
|---|
| 729 | 729 | | impose sanctions pursuant to the International Emer-9 |
|---|
| 730 | 730 | | gency Economic Powers Act (50 U.S.C. 1701 et seq.) with 10 |
|---|
| 731 | 731 | | respect to— 11 |
|---|
| 732 | 732 | | (1) any global financial communications serv-12 |
|---|
| 733 | 733 | | ices provider that does not terminate the provision 13 |
|---|
| 734 | 734 | | of financial communications services to, and the ena-14 |
|---|
| 735 | 735 | | bling and facilitation of access to such services for, 15 |
|---|
| 736 | 736 | | any financial institution subject to sanctions under 16 |
|---|
| 737 | 737 | | section 6 or any other provision of this Act; and 17 |
|---|
| 738 | 738 | | (2) the directors of, officers of, and share-18 |
|---|
| 739 | 739 | | holders with a interest in, the provider. 19 |
|---|
| 740 | 740 | | SEC. 14. PROHIBITION ON IMPORTING, AND SANCTIONS 20 |
|---|
| 741 | 741 | | WITH RESPECT TO, URANIUM FROM THE RUS-21 |
|---|
| 742 | 742 | | SIAN FEDERATION. 22 |
|---|
| 743 | 743 | | (a) P |
|---|
| 744 | 744 | | ROHIBITION.—Not later than 15 days after 23 |
|---|
| 745 | 745 | | making a covered determination, the President shall pro-24 |
|---|
| 746 | 746 | | hibit the importation of uranium from— 25 |
|---|
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|---|
| 748 | 748 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 25 |
|---|
| 749 | 749 | | •S 1241 IS |
|---|
| 750 | 750 | | (1) the Russian Federation, including the im-1 |
|---|
| 751 | 751 | | portation of any uranium from Rosatom State Cor-2 |
|---|
| 752 | 752 | | poration or any subsidiary or successor entity; and 3 |
|---|
| 753 | 753 | | (2) any country that has uranium that was 4 |
|---|
| 754 | 754 | | originally sourced from the Russian Federation, 5 |
|---|
| 755 | 755 | | Rosatom State Corporation, or any subsidiary or 6 |
|---|
| 756 | 756 | | successor entity. 7 |
|---|
| 757 | 757 | | (b) S |
|---|
| 758 | 758 | | ANCTIONS.—Not later than 15 days after mak-8 |
|---|
| 759 | 759 | | ing a covered determination, and every 90 days thereafter, 9 |
|---|
| 760 | 760 | | the President shall impose sanctions described in section 10 |
|---|
| 761 | 761 | | 5(c) with respect to— 11 |
|---|
| 762 | 762 | | (1) any directors of, officers of, and share-12 |
|---|
| 763 | 763 | | holders with an interest in, Rosatom State Corpora-13 |
|---|
| 764 | 764 | | tion or any subsidiary or successor entity; and 14 |
|---|
| 765 | 765 | | (2) any foreign government or foreign person 15 |
|---|
| 766 | 766 | | that has knowingly sold, supplied, transferred, or 16 |
|---|
| 767 | 767 | | purchased uranium originally sourced from the Rus-17 |
|---|
| 768 | 768 | | sian Federation, Rosatom State Corporation, or any 18 |
|---|
| 769 | 769 | | subsidiary or successor entity. 19 |
|---|
| 770 | 770 | | SEC. 15. INCREASES IN DUTIES ON GOODS AND SERVICES 20 |
|---|
| 771 | 771 | | IMPORTED FROM THE RUSSIAN FEDERATION. 21 |
|---|
| 772 | 772 | | (a) I |
|---|
| 773 | 773 | | NGENERAL.—Not later than 15 days after mak-22 |
|---|
| 774 | 774 | | ing a covered determination, the President shall, notwith-23 |
|---|
| 775 | 775 | | standing any other provision of law, increase the rate of 24 |
|---|
| 776 | 776 | | duty for all goods and services, including oil, natural gas, 25 |
|---|
| 777 | 777 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00025 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
| 778 | 778 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 26 |
|---|
| 779 | 779 | | •S 1241 IS |
|---|
| 780 | 780 | | petroleum, petroleum products, and petrochemical prod-1 |
|---|
| 781 | 781 | | ucts, imported into the United States from the Russian 2 |
|---|
| 782 | 782 | | Federation to a rate of not less than the equivalent of 500 3 |
|---|
| 783 | 783 | | percent ad valorem. 4 |
|---|
| 784 | 784 | | (b) R |
|---|
| 785 | 785 | | ECOMMENDATIONS FOR HIGHERRATE.—The 5 |
|---|
| 786 | 786 | | United States Trade Representative, in consultation with 6 |
|---|
| 787 | 787 | | the Secretary of the Treasury, the Secretary of Commerce, 7 |
|---|
| 788 | 788 | | and the heads of other relevant Federal agencies, shall 8 |
|---|
| 789 | 789 | | provide recommendations to the President with respect to 9 |
|---|
| 790 | 790 | | goods and services described in subsection (a) that should 10 |
|---|
| 791 | 791 | | be subject to a rate of duty that exceeds the equivalent 11 |
|---|
| 792 | 792 | | of 500 percent ad valorem. 12 |
|---|
| 793 | 793 | | (c) D |
|---|
| 794 | 794 | | UTYRATE INADDITION TOANTIDUMPING AND 13 |
|---|
| 795 | 795 | | C |
|---|
| 796 | 796 | | OUNTERVAILING DUTIES.—The rate of duty required 14 |
|---|
| 797 | 797 | | under subsection (a) with respect to a good or service de-15 |
|---|
| 798 | 798 | | scribed in that subsection shall be in addition to any anti-16 |
|---|
| 799 | 799 | | dumping or countervailing duty applicable with respect to 17 |
|---|
| 800 | 800 | | the good or service under title VII of the Tariff Act of 18 |
|---|
| 801 | 801 | | 1930 (19 U.S.C. 1671 et seq.). 19 |
|---|
| 802 | 802 | | SEC. 16. IMPOSITION OF CAATSA SANCTIONS. 20 |
|---|
| 803 | 803 | | Not later than 15 days after making a covered deter-21 |
|---|
| 804 | 804 | | mination, and every 90 days thereafter, the President shall 22 |
|---|
| 805 | 805 | | impose all sanctions described in section 235 of the Coun-23 |
|---|
| 806 | 806 | | tering America’s Adversaries Through Sanctions Act (22 24 |
|---|
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|---|
| 808 | 808 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 27 |
|---|
| 809 | 809 | | •S 1241 IS |
|---|
| 810 | 810 | | U.S.C. 9529) that are not already applicable with respect 1 |
|---|
| 811 | 811 | | to— 2 |
|---|
| 812 | 812 | | (1) the Russian Federation; and 3 |
|---|
| 813 | 813 | | (2) any person described in section 5 or 6. 4 |
|---|
| 814 | 814 | | SEC. 17. DUTIES ON COUNTRIES THAT PURCHASE RUSSIAN- 5 |
|---|
| 815 | 815 | | ORIGIN OIL, URANIUM, AND PETROLEUM 6 |
|---|
| 816 | 816 | | PRODUCTS. 7 |
|---|
| 817 | 817 | | (a) I |
|---|
| 818 | 818 | | NGENERAL.—Not later than 15 days after mak-8 |
|---|
| 819 | 819 | | ing a covered determination, and every 90 days thereafter, 9 |
|---|
| 820 | 820 | | the President shall, notwithstanding any other provision 10 |
|---|
| 821 | 821 | | of law, increase the rate of duty for all goods or services 11 |
|---|
| 822 | 822 | | imported into the United States from a country described 12 |
|---|
| 823 | 823 | | in subsection (b) to a rate of not less than the equivalent 13 |
|---|
| 824 | 824 | | of 500 percent ad valorem. 14 |
|---|
| 825 | 825 | | (b) C |
|---|
| 826 | 826 | | OUNTRIESDESCRIBED.—A country is described 15 |
|---|
| 827 | 827 | | in this subsection if the country knowingly sells, supplies, 16 |
|---|
| 828 | 828 | | transfers, or purchases oil, uranium, natural gas, petro-17 |
|---|
| 829 | 829 | | leum products, or petrochemical products that originated 18 |
|---|
| 830 | 830 | | in the Russian Federation. 19 |
|---|
| 831 | 831 | | (c) D |
|---|
| 832 | 832 | | UTYRATE INADDITION TOANTIDUMPING AND 20 |
|---|
| 833 | 833 | | C |
|---|
| 834 | 834 | | OUNTERVAILING DUTIES.—The rate of duty required 21 |
|---|
| 835 | 835 | | under subsection (a) with respect to a good or service de-22 |
|---|
| 836 | 836 | | scribed in that subsection shall be in addition to any anti-23 |
|---|
| 837 | 837 | | dumping or countervailing duty applicable with respect to 24 |
|---|
| 838 | 838 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00027 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
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| 839 | 839 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 28 |
|---|
| 840 | 840 | | •S 1241 IS |
|---|
| 841 | 841 | | the good or service under title VII of the Tariff Act of 1 |
|---|
| 842 | 842 | | 1930 (19 U.S.C. 1671 et seq.). 2 |
|---|
| 843 | 843 | | (d) W |
|---|
| 844 | 844 | | AIVER.— 3 |
|---|
| 845 | 845 | | (1) I |
|---|
| 846 | 846 | | N GENERAL.—The President may waive 4 |
|---|
| 847 | 847 | | the application of subsection (a) one time for a pe-5 |
|---|
| 848 | 848 | | riod of not more than 180 days with respect to a 6 |
|---|
| 849 | 849 | | country, a good, or a service if the President deter-7 |
|---|
| 850 | 850 | | mines that such a waiver is in the national security 8 |
|---|
| 851 | 851 | | interests of the United States. 9 |
|---|
| 852 | 852 | | (2) P |
|---|
| 853 | 853 | | ROHIBITION ON WAIVERS FOR CERTAIN 10 |
|---|
| 854 | 854 | | COUNTRIES.—The President may not waive the ap-11 |
|---|
| 855 | 855 | | plication of subsection (a) with respect to— 12 |
|---|
| 856 | 856 | | (A) a country the government of which the 13 |
|---|
| 857 | 857 | | Secretary of State has determined has repeat-14 |
|---|
| 858 | 858 | | edly provided support for acts of international 15 |
|---|
| 859 | 859 | | terrorism (commonly referred to as a ‘‘state 16 |
|---|
| 860 | 860 | | sponsor of terrorism’’), for purposes of— 17 |
|---|
| 861 | 861 | | (i) section 1754(c)(1)(A)(i) of the Ex-18 |
|---|
| 862 | 862 | | port Control Reform Act of 2018 (50 19 |
|---|
| 863 | 863 | | U.S.C. 4813(c)(1)(A)(i)); 20 |
|---|
| 864 | 864 | | (ii) section 620A of the Foreign As-21 |
|---|
| 865 | 865 | | sistance Act of 1961 (22 U.S.C. 2371); 22 |
|---|
| 866 | 866 | | (iii) section 40(d) of the Arms Export 23 |
|---|
| 867 | 867 | | Control Act (22 U.S.C. 2780(d)); or 24 |
|---|
| 868 | 868 | | (iv) any other provision of law; or 25 |
|---|
| 869 | 869 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00028 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
|---|
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|---|
| 871 | 871 | | •S 1241 IS |
|---|
| 872 | 872 | | (B) a country specified in section 1 |
|---|
| 873 | 873 | | 4872(f)(2) of title 10, United States Code. 2 |
|---|
| 874 | 874 | | SEC. 18. EXCEPTIONS. 3 |
|---|
| 875 | 875 | | (a) S |
|---|
| 876 | 876 | | UPPORT FORPEOPLE OF THE RUSSIANFED-4 |
|---|
| 877 | 877 | | ERATION.—This Act shall not apply with respect to the 5 |
|---|
| 878 | 878 | | provision of humanitarian assistance (including medical 6 |
|---|
| 879 | 879 | | assistance) to the people of the Russian Federation. 7 |
|---|
| 880 | 880 | | (b) E |
|---|
| 881 | 881 | | XCEPTION FOR INTELLIGENCEACTIVITIES.— 8 |
|---|
| 882 | 882 | | This Act shall not apply with respect to activities subject 9 |
|---|
| 883 | 883 | | to the reporting requirements under title V of the National 10 |
|---|
| 884 | 884 | | Security Act of 1947 (50 U.S.C. 3091 et seq.) or any au-11 |
|---|
| 885 | 885 | | thorized intelligence activities of the United States. 12 |
|---|
| 886 | 886 | | (c) E |
|---|
| 887 | 887 | | XCEPTIONTOCOMPLYWITHINTERNATIONAL 13 |
|---|
| 888 | 888 | | O |
|---|
| 889 | 889 | | BLIGATIONS.—Sanctions under this Act shall not apply 14 |
|---|
| 890 | 890 | | to the admission of an alien if the admission of that alien 15 |
|---|
| 891 | 891 | | is necessary to comply with United States obligations 16 |
|---|
| 892 | 892 | | under the Agreement between the United Nations and the 17 |
|---|
| 893 | 893 | | United States of America regarding the Headquarters of 18 |
|---|
| 894 | 894 | | the United Nations, signed at Lake Success June 26, 19 |
|---|
| 895 | 895 | | 1947, and entered into force November 21, 1947, under 20 |
|---|
| 896 | 896 | | the Convention on Consular Relations, done at Vienna 21 |
|---|
| 897 | 897 | | April 24, 1963, and entered into force March 19, 1967, 22 |
|---|
| 898 | 898 | | or under other international agreements. 23 |
|---|
| 899 | 899 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00029 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
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|---|
| 901 | 901 | | •S 1241 IS |
|---|
| 902 | 902 | | SEC. 19. IMPLEMENTATION; PENALTIES. 1 |
|---|
| 903 | 903 | | (a) I |
|---|
| 904 | 904 | | MPLEMENTATION.—The President may exercise 2 |
|---|
| 905 | 905 | | all authorities provided under sections 203 and 205 of the 3 |
|---|
| 906 | 906 | | International Emergency Economic Powers Act (50 4 |
|---|
| 907 | 907 | | U.S.C. 1702 and 1704) to carry out this Act. 5 |
|---|
| 908 | 908 | | (b) P |
|---|
| 909 | 909 | | ENALTIES.—A person that violates, attempts to 6 |
|---|
| 910 | 910 | | violate, conspires to violate, or causes a violation of this 7 |
|---|
| 911 | 911 | | Act or any regulation, license, or order issued to carry out 8 |
|---|
| 912 | 912 | | this Act shall be subject to the penalties set forth in sub-9 |
|---|
| 913 | 913 | | sections (b) and (c) of section 206 of the International 10 |
|---|
| 914 | 914 | | Emergency Economic Powers Act (50 U.S.C. 1705) to the 11 |
|---|
| 915 | 915 | | same extent as a person that commits an unlawful act de-12 |
|---|
| 916 | 916 | | scribed in subsection (a) of that section. 13 |
|---|
| 917 | 917 | | SEC. 20. TERMINATION AUTHORITY; REIMPOSITION OF 14 |
|---|
| 918 | 918 | | SANCTIONS. 15 |
|---|
| 919 | 919 | | (a) I |
|---|
| 920 | 920 | | NGENERAL.—The President may terminate the 16 |
|---|
| 921 | 921 | | application of sanctions, prohibitions, restrictions, duties, 17 |
|---|
| 922 | 922 | | and penalties under this Act if the President certifies to 18 |
|---|
| 923 | 923 | | Congress that— 19 |
|---|
| 924 | 924 | | (1) all actors described in subsection (a) of sec-20 |
|---|
| 925 | 925 | | tion 4 have verifiably ceased engaging in acts de-21 |
|---|
| 926 | 926 | | scribed in subsection (b) of that section; and 22 |
|---|
| 927 | 927 | | (2) the Government of the Russian Federation 23 |
|---|
| 928 | 928 | | has entered into a peace agreement with Ukraine. 24 |
|---|
| 929 | 929 | | (b) R |
|---|
| 930 | 930 | | EIMPOSITION.—If, after the submission of a cer-25 |
|---|
| 931 | 931 | | tification described in subsection (a), an actor described 26 |
|---|
| 932 | 932 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00030 Fmt 6652 Sfmt 6201 E:\BILLS\S1241.IS S1241 |
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| 933 | 933 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 31 |
|---|
| 934 | 934 | | •S 1241 IS |
|---|
| 935 | 935 | | in subsection (a) of section 4 engages in an act described 1 |
|---|
| 936 | 936 | | in subsection (b) of that section, the President shall imme-2 |
|---|
| 937 | 937 | | diately reimpose all previously terminated sanctions, pro-3 |
|---|
| 938 | 938 | | hibitions, restrictions, duties, and penalties imposed under 4 |
|---|
| 939 | 939 | | this Act, in addition to new sanctions, prohibitions, re-5 |
|---|
| 940 | 940 | | strictions, duties, and penalties under this Act. 6 |
|---|
| 941 | 941 | | Æ |
|---|
| 942 | 942 | | VerDate Sep 11 2014 02:46 Apr 05, 2025 Jkt 059200 PO 00000 Frm 00031 Fmt 6652 Sfmt 6301 E:\BILLS\S1241.IS S1241 |
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|---|