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Lindsey O. Graham Sanctioning Russia Act of 2026

Introduced Jul 16, 2026 · Last action Jul 16, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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Summary

This legislation is called the Lindsey O. Graham Sanctioning Russia Act of 2026. It is being reviewed by a committee.

Full bill text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 5025 Introduced in Senate (IS)]

<DOC>

119th CONGRESS
  2d Session
                                S. 5025

  To impose sanctions and other measures with respect to the Russian
                  Federation, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             July 16, 2026

Ms. Graham (for herself, Mr. Blumenthal, Mr. Wicker, Mrs. Shaheen, Mr.
Grassley, Mr. Whitehouse, Mr. Risch, Mr. Coons, Mr. Cotton, Mr. Durbin,
Mrs. Britt, Mr. King, Ms. Ernst, Mr. Bennet, Mr. Sheehy, Mr. Kelly, Mr.
    Ricketts, Mr. Kaine, Mr. Sullivan, Ms. Rosen, Mr. Lankford, Mr.
Fetterman, Mr. Curtis, Ms. Duckworth, Mrs. Hyde-Smith, Mr. Peters, Mrs.
 Blackburn, Mrs. Gillibrand, Mr. Boozman, Mr. Van Hollen, Mr. Tillis,
  Mr. Schiff, Mr. Scott of South Carolina, Mr. Reed, Mr. Husted, Mr.
Hickenlooper, Mr. Armstrong, Ms. Alsobrooks, Mr. Hoeven, Mr. Heinrich,
 Mr. Barrasso, Mr. Schatz, Mr. McCormick, Ms. Klobuchar, Mrs. Fischer,
   Mr. Cornyn, Mr. Justice, Mr. Rounds, Mr. Cruz, Mr. Kennedy, Mrs.
 Capito, Ms. Collins, Ms. Lummis, Mr. Cramer, Ms. Murkowski, Mr. Scott
  of Florida, Mr. Budd, Mr. Moran, Mr. McConnell, Mr. Tuberville, Mr.
 Daines, and Mr. Thune) introduced the following bill; which was read
  twice and referred to the Committee on Banking, Housing, and Urban
                                Affairs

_______________________________________________________________________

                                 A BILL

  To impose sanctions and other measures with respect to the Russian
                  Federation, 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. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Lindsey O. Graham
Sanctioning Russia Act of 2026''.
    (b) Table of Contents.--The table of contents for this Act is as
follows:

Sec. 1. Short title; table of contents.
       TITLE I--SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION

Sec. 101. Definitions.
Sec. 102. Imposition of sanctions on certain persons affiliated with or
                            supporting the Government of the Russian
                            Federation.
Sec. 103. Imposition of sanctions with respect to financial
                            institutions affiliated with the Government
                            of the Russian Federation.
Sec. 104. Imposition of sanctions with respect to other entities owned
                            or controlled by the Government of the
                            Russian Federation.
Sec. 105. Prohibition on transfers of funds involving the Russian
                            Federation.
Sec. 106. Prohibition on listing or trading of Russian entities on
                            United States securities exchanges.
Sec. 107. Prohibition on investment by United States persons in the
                            Russian Federation.
Sec. 108. Prohibition on energy exports to, and investment in energy
                            sector of, the Russian Federation.
Sec. 109. Prohibition on purchase of sovereign debt of the Russian
                            Federation by United States persons.
Sec. 110. Prohibition on provision of services to sanctioned financial
                            institutions by international financial
                            messaging systems.
Sec. 111. Prohibition on importing, and sanctions with respect to,
                            uranium from the Russian Federation.
Sec. 112. Increase in duties on goods imported from the Russian
                            Federation.
Sec. 113. Duties on countries that purchase Russian-origin crude oil or
                            natural gas or facilitate sanctions
                            evasion.
Sec. 114. Exceptions.
Sec. 115. Waiver.
Sec. 116. Sanctions implementation and penalties.
Sec. 117. Termination.
                        TITLE II--OTHER MATTERS

Sec. 201. Severability.

       TITLE I--SANCTIONS WITH RESPECT TO THE RUSSIAN FEDERATION

SEC. 101. DEFINITIONS.

    In this title:
            (1) Account; correspondent account; payable-through
        account.--The terms ``account'', ``correspondent account'', and
        ``payable-through account'' have the meanings given those terms
        in section 5318A of title 31, United States Code.
            (2) Adequate maritime insurance.--The term ``adequate
        maritime insurance''--
                    (A) means verified documentation evidencing
                protection and indemnity insurance with audited
                financial statements of the insurer; and
                    (B) does not include insurance provided by an
                insurer organized under the laws of the Russian
                Federation or otherwise subject to the jurisdiction of
                the Government of the Russian Federation.
            (3) Admission; admitted; alien; etc.--The terms
        ``admission'', ``admitted'', ``alien'', and ``lawfully admitted
        for permanent residence'' have the meanings given those terms
        in section 101 of the Immigration and Nationality Act (8 U.S.C.
        1101).
            (4) Armed forces of the russian federation.--The term
        ``Armed Forces of the Russian Federation'' includes--
                    (A) the Aerospace Forces of the Russian Federation;
                    (B) the Airborne Forces of the Russian Federation;
                    (C) the Ground Forces of the Russian Federation;
                    (D) the Navy of the Russian Federation;
                    (E) the Special Operations Command of the Russian
                Federation;
                    (F) the Strategic Rocket Forces of the Russian
                Federation;
                    (G) the General Staff of the Armed Forces of the
                Russian Federation;
                    (H) the Main Directorate of the General Staff of
                the Armed Forces of the Russian Federation (formerly
                known as the Main Intelligence Directorate of the
                Russian Federation);
                    (I) the Federal Security Service of the Russian
                Federation;
                    (J) the Foreign Intelligence Service of the Russian
                Federation;
                    (K) cyber actors of the Government of the Russian
                Federation; and
                    (L) any successor entities or proxies of the
                entities described in subparagraphs (A) through (K).
            (5) Blocked property.--The term ``blocked property'' means
        any property blocked pursuant to the authority of the President
        under section 203 of the International Emergency Economic
        Powers Act (50 U.S.C. 1702).
            (6) Critical infrastructure.--
                    (A) In general.--The term ``critical
                infrastructure'', with respect to Ukraine, means
                systems and assets, whether physical or virtual, so
                vital to Ukraine that the incapacity or destruction of
                such systems and assets would have catastrophic
                regional or national effects on public health or
                safety, economic security, or national security.
                    (B) Included sectors.--The term ``critical
                infrastructure'' includes assets in the following
                sectors:
                            (i) Biotechnology.
                            (ii) Chemical.
                            (iii) Commercial facilities.
                            (iv) Communications.
                            (v) Critical manufacturing.
                            (vi) Dams.
                            (vii) Defense industrial base.
                            (viii) Emergency services.
                            (ix) Energy.
                            (x) Financial services.
                            (xi) Food and agriculture.
                            (xii) Government facilities.
                            (xiii) Healthcare and public health.
                            (xiv) Information technology.
                            (xv) Materials and waste.
                            (xvi) Nuclear reactors.
                            (xvii) Space.
                            (xviii) Transportation systems.
                            (xix) Water and wastewater systems.
            (7) Foreign person.--The term ``foreign person'' means an
        individual or entity that is not a United States person.
            (8) Knowing; knowingly; knows.--The terms ``knowing'',
        ``knowingly'', and ``knows'', with respect to conduct, a
        circumstance, or a result, means that a person had actual
        knowledge, or should have known, of the conduct, the
        circumstance, or the result.
            (9) Military invasion.--The term ``military invasion''
        includes--
                    (A) a ground operation or assault;
                    (B) an amphibious landing or assault;
                    (C) an airborne operation or air assault;
                    (D) an aerial bombardment or blockade;
                    (E) missile attacks, including rockets, ballistic
                missiles, cruise missiles, and hypersonic missiles;
                    (F) a naval bombardment or armed blockade;
                    (G) a destructive or destabilizing cyberattack
                against critical infrastructure; and
                    (H) an attack by a country on any territory
                controlled or administered by any other independent,
                sovereign country, including offshore islands
                controlled or administered by that country.
            (10) Russian person.--The term ``Russian person'' means--
                    (A) a citizen or national of the Russian
                Federation; or
                    (B) an entity organized under the laws of the
                Russian Federation or otherwise subject to the
                jurisdiction of the Government of the Russian
                Federation.
            (11) United states person.--The term ``United States
        person'' means--
                    (A) a United States citizen or an alien lawfully
                admitted for permanent residence to the United States;
                or
                    (B) an entity organized under the laws of the
                United States or any jurisdiction within the United
                States, including a foreign branch of such an entity.

SEC. 102. IMPOSITION OF SANCTIONS ON CERTAIN PERSONS AFFILIATED WITH OR
              SUPPORTING THE GOVERNMENT OF THE RUSSIAN FEDERATION.

    (a) In General.--Not later than 30 days after the date of the
enactment of this Act, and every 180 days thereafter, the President
shall--
            (1) review any persons and vessels that may be described in
        subsection (b); and
            (2) after conducting that review--
                    (A) impose the sanctions described in subsection
                (e) with respect to any persons the President
                determines are described in subsection (b); and
                    (B) identify as blocked property any vessels the
                President determines are described in subsection (b).
    (b) Persons Described.--The persons and vessels described in this
subsection are the following:
            (1) The following officials of the Government of the
        Russian Federation:
                    (A) The President of the Russian Federation.
                    (B) The Prime Minister of the Russian Federation.
                    (C) The Minister of Defense of the Russian
                Federation.
                    (D) The Chief of the General Staff of the Armed
                Forces of the Russian Federation.
                    (E) The Deputy Ministers of Defense of the Russian
                Federation.
                    (F) The Commander-in-Chief of the Land Forces of
                the Russian Federation.
                    (G) The Commander-in-Chief of the Aerospace Forces
                of the Russian Federation.
                    (H) The Commander of the Airborne Forces of the
                Russian Federation.
                    (I) The Commander-in-Chief of the Navy of the
                Russian Federation.
                    (J) The Commander of the Strategic Rocket Forces of
                the Russian Federation.
                    (K) The Commander of the Special Operations Forces
                of the Russian Federation.
                    (L) The Commander of Logistical Support of the
                Armed Forces of the Russian Federation.
                    (M) The commanders of the Russian Federation
                military districts.
                    (N) The Minister of Foreign Affairs of the Russian
                Federation.
                    (O) The Minister of Transport of the Russian
                Federation.
                    (P) The Minister of Finance of the Russian
                Federation.
                    (Q) The Minister of Industry and Trade of the
                Russian Federation.
                    (R) The Minister of Energy of the Russian
                Federation.
                    (S) The Minister of Agriculture of the Russian
                Federation.
                    (T) The Director of the Foreign Intelligence
                Service of the Russian Federation.
                    (U) The Director of the Federal Security Service of
                the Russian Federation.
                    (V) The Director of the Main Directorate of the
                General Staff of the Armed Forces of the Russian
                Federation.
                    (W) The Director of the National Guard of the
                Russian Federation.
                    (X) The Federal Guard Service of the Russian
                Federation.
                    (Y) Any other senior official of the Government of
                the Russian Federation, as determined by the President.
            (2) Any foreign person that the President determines, on or
        after the date of the enactment of this Act--
                    (A) knowingly sells, leases, or provides, or
                facilitates selling, leasing, or providing, goods or
                services relating to the defense industrial base of the
                Russian Federation, including--
                            (i) computer numerical control (CNC) tools
                        and associated machinery, software, and
                        maintenance or upgrade services;
                            (ii) lubricant additives;
                            (iii) nitrocellulose, wood cellulose, and
                        associated additives and components necessary
                        for the production of propellant or energetics
                        for munitions;
                            (iv) chemical coatings;
                            (v) fiber optic cables with military
                        applications and associated technologies needed
                        to manufacture such cables;
                            (vi) advanced sensors;
                            (vii) items on the Common High Priority
                        Items List maintained by the Bureau of Industry
                        and Security of the Department of Commerce; or
                            (viii) any additional items determined by
                        the Secretary of State, in consultation with
                        the Secretary of Commerce, to be critical to
                        the defense industrial base of the Russian
                        Federation;
                    (B) knowingly facilitates deceptive or structured
                transactions to provide the goods and services
                described in subparagraph (A);
                    (C) knowingly conducts a significant transaction
                with the Armed Forces of the Russian Federation;
                    (D) knowingly engages, directly or indirectly, in
                activities that--
                            (i) materially undermine the military
                        readiness of Ukraine;
                            (ii) seek to overthrow, dismantle, or
                        subvert the Government of Ukraine;
                            (iii) debilitate the critical
                        infrastructure of Ukraine;
                            (iv) debilitate cybersecurity systems
                        through malicious electronic attacks or
                        cyberattacks on Ukraine;
                            (v) undermine the democratic processes of
                        Ukraine;
                            (vi) undermine the peace, security,
                        political stability, or territorial integrity
                        of Ukraine; or
                            (vii) involve committing serious abuses of
                        internationally recognized human rights against
                        citizens of Ukraine, including forcible
                        transfers, enforced disappearances, unjust
                        detainment, forced deportation of children, or
                        torture;
                    (E) is a leader, official, senior executive
                officer, or member of the board of directors of, or
                principal shareholder with a controlling or majority
                interest in, an entity that is operating in the defense
                industrial base or energy or transportation sectors of
                the economy of the Russian Federation in support of the
                Armed Forces of the Russian Federation;
                    (F) is an oligarch in the Russian Federation who--
                            (i) has not demonstrated opposition to the
                        Russian Federation's war on Ukraine; or
                            (ii) continues, on or after the date of the
                        enactment of this Act, to benefit from an
                        association with the Government of the Russian
                        Federation;
                    (G) is responsible for or complicit in, or has
                directly or indirectly engaged in, for or on behalf of,
                or for the benefit of, directly or indirectly, the
                Government of the Russian Federation--
                            (i) transnational crime, corruption,
                        bribery, extortion, or money laundering;
                            (ii) assassination, murder, or other
                        unlawful killing of, or infliction of other
                        bodily harm or other crimes against humanity
                        against, a United States person or a citizen or
                        national of an ally or partner of the United
                        States;
                            (iii) activities that undermine the peace,
                        security, political stability, or territorial
                        integrity of the United States or an ally or
                        partner of the United States; or
                            (iv) deceptive or structured transactions
                        or dealings that circumvent the application of
                        any sanctions imposed by the United States,
                        including through the use of digital currencies
                        or assets or the use of physical assets; or
                    (H) is a leader, official, senior executive
                officer, or member of the board of directors of, or
                principal shareholder with a controlling or majority
                interest in, any of the following Russian energy
                projects:
                            (i) The Yamal Liquefied Natural Gas Project
                        or a successor project.
                            (ii) The Arctic 1, 2, and 3 Liquefied
                        Natural Gas Projects or a successor project.
                            (iii) Projects in the Arctic region carried
                        out after the date of the enactment of this
                        Act.
            (3) Any foreign vessel the President determines, based on
        credible information, is used by the Government of the Russian
        Federation or Russian persons to move crude oil, uranium,
        natural gas, liquefied natural gas, petroleum, petroleum
        products, petrochemical products, coal, coal products, arms, or
        other goods for the purpose of circumventing sanctions imposed
        by the United States or other countries, including any vessel
        the owner, operator, or manager of which knowingly--
                    (A) exhibits or engages in unsafe or nonstandard
                maritime behavior in furtherance of the transportation
                of crude oil, uranium, natural gas, liquefied natural
                gas, petroleum, petroleum products, petrochemical
                products, coal, or coal products that originated in the
                Russian Federation;
                    (B) lacks adequate maritime insurance for the
                transport of goods described in subparagraph (A); or
                    (C) evades compliance with a price cap for crude
                oil and petroleum products that originated in the
                Russian Federation established by--
                            (i) the international coalition made up of
                        Australia, Canada, the European Union, France,
                        Germany, Italy, Japan, New Zealand, the United
                        Kingdom, and the United States and known as the
                        ``Price Cap Coalition''; or
                            (ii) the United States.
            (4) Any foreign person that the President determines
        knowingly--
                    (A) owns, operates, or manages a vessel described
                in paragraph (3);
                    (B) provides underwriting services or insurance or
                reinsurance necessary for such a vessel;
                    (C) serves as a captain or senior leadership of the
                crew of such a vessel; or
                    (D) transfers to the Russian Federation, or
                provides for the use of by a Russian person, any vessel
                designed for the transportation of crude oil, uranium,
                natural gas, liquefied natural gas, petroleum,
                petroleum products, petrochemical products, coal, or
                coal products.
            (5) Any foreign vessel that the President determines
        knowingly--
                    (A) transports crude oil, uranium, natural gas,
                liquefied natural gas, petroleum, petroleum products,
                petrochemical products, coal, or coal products that
                originated in the Russian Federation;
                    (B) engages in a ship-to-ship transfer involving
                crude oil, uranium, natural gas, liquefied natural gas,
                petroleum, petroleum products, petrochemical products,
                coal, or coal products that originated in the Russian
                Federation with a vessel that is subject to sanctions
                imposed by the United States; or
                    (C) provides services to a vessel described in
                subparagraph (A) or (B).
            (6) Any foreign person that the President determines is the
        owner or operator of a foreign port that allows a vessel
        subject to sanctions imposed by the United States for
        supporting the Russian Federation to port or otherwise receive
        services.
            (7) Any foreign person, including a foreign person acting
        on behalf of a person described in this subsection (in this
        paragraph referred to as the ``sanctioned person''), if the
        sanctioned person transferred property or an interest in
        property to the person--
                    (A) after the date on which the President imposed
                sanctions with respect to the sanctioned person; or
                    (B) before that date, if the sanctioned person did
                so in an attempt to evade the imposition of sanctions.
    (c) Vessels Subject to Sanctions by the United Kingdom or European
Union.--In determining under subsection (b)(3) if a vessel is a foreign
vessel used by the Government of the Russian Federation or Russian
persons to move crude oil, uranium, natural gas, liquefied natural gas,
petroleum, petroleum products, petrochemical products, coal, coal
products, arms, or other goods for the purpose of circumventing
sanctions, the President may use as prima facie evidence that the
vessel is subject to sanctions imposed by the United Kingdom, the
European Union, the Group of 7, or a member of the Five Eyes
intelligence alliance.
    (d) Maintenance of Certain Sanctions Relating to Specified Harmful
Foreign Activities.--Sanctions and other measures provided for under
any Executive Order issued to address the national emergency that the
President continued on March 24, 2026, with respect to specified
harmful foreign activities of the Government of the Russian Federation
(91 Fed. Reg. 15515), as in effect on the day before the date of the
enactment of this Act, including with respect to all persons sanctioned
under any such Executive Order, shall remain in effect.
    (e) Sanctions Described.--The sanctions described in this
subsection to be imposed with respect to a person described in
subsection (b) are the following:
            (1) Blocking of property.--The President shall exercise all
        of the powers granted by the International Emergency Economic
        Powers Act (50 U.S.C. 1701 et seq.) to block any vessel
        described in subsection (b), and block and prohibit all
        transactions in all property and interests in property of a
        person described in subsection (b), if such property and
        interests in property are in the United States, come within the
        United States, or are or come within the possession or control
        of a United States person.
            (2) Ineligibility for visas, admission, or parole.--
                    (A) Visas, admission, or parole.--An alien
                described in subsection (b) shall be--
                            (i) inadmissible to the United States;
                            (ii) ineligible to receive a visa or other
                        documentation to enter the United States; and
                            (iii) otherwise ineligible to be admitted
                        or paroled into the United States or to receive
                        any other benefit under the Immigration and
                        Nationality Act (8 U.S.C. 1101 et seq.).
                    (B) Current visas revoked.--
                            (i) In general.--The visa or other entry
                        documentation of an alien described in
                        subsection (b) shall be revoked, regardless of
                        when such visa or other entry documentation is
                        or was issued.
                            (ii) Immediate effect.--A revocation under
                        clause (i) shall--
                                    (I) take effect immediately; and
                                    (II) automatically cancel any other
                                valid visa or entry documentation that
                                is in the possession of the alien.

SEC. 103. IMPOSITION OF SANCTIONS WITH RESPECT TO FINANCIAL
              INSTITUTIONS AFFILIATED WITH THE GOVERNMENT OF THE
              RUSSIAN FEDERATION.

    (a) Imposition of Sanctions.--
            (1) In general.--Not later than 30 days after the date of
        the enactment of this Act, the President shall--
                    (A) impose 2 or more of the sanctions described in
                subsection (d) with respect to the Central Bank of the
                Russian Federation (Bank of Russia) and any subsidiary
                of, or successor entity to, that Bank;
                    (B) impose all of the sanctions described in
                subsection (d) with respect to--
                            (i) Sberbank;
                            (ii) VTB Bank;
                            (iii) Gazprombank;
                            (iv) any other financial institution
                        organized under the laws of the Russian
                        Federation and owned in whole or in part by the
                        Government of the Russian Federation;
                            (v) any subsidiary of, or successor entity
                        to, any of the financial institutions described
                        in clauses (i) through (iv); and
                            (vi) except as provided by subsection (c),
                        any foreign financial institution that engages
                        in significant transactions with any of the
                        financial institutions described in clauses (i)
                        through (v); and
                    (C) impose the sanctions described in section
                102(e) with respect to any leaders, officials, senior
                executive officers, or members of the board of
                directors of, or any principal shareholders with a
                controlling or majority interest in, a financial
                institution described in subparagraph (A) or (B).
            (2) Updates.--Not later than 210 days after the date of the
        enactment of this Act, and every 180 days thereafter, the
        President shall--
                    (A) review any persons that may be described in
                paragraph (1); and
                    (B) if sanctions have not been imposed under this
                subsection with respect to any person the President
                determines is described in paragraph (1), impose such
                sanctions with respect to that person.
    (b) Prohibition on Transactions by United States Persons.--
Effective on the date that is 30 days after the date of the enactment
of this Act, the President shall prohibit any United States person from
engaging in any transaction with a financial institution described in
subsection (a)(1)(B).
    (c) Exception for Certain Financial Institutions.--The President is
not required to impose sanctions under subsection (a)(1)(B) with
respect to a foreign financial institution described in clause (vi) of
that subsection if the Secretary of the Treasury determines that
imposing such sanctions is not consistent with the economic or foreign
policy interests of the United States.
    (d) Sanctions Described.--The sanctions described in this
subsection to be imposed with respect to a financial institution
described in subsection (a) are the following:
            (1) Blocking of property.--The President shall exercise all
        of the powers granted to the President under the International
        Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to the
        extent necessary to block and prohibit all transactions in
        property and interests in property of the financial institution
        if such property and interests in property are in the United
        States, come within the United States, or are or come within
        the possession or control of a United States person.
            (2) CAATSA sanctions.--Two or more of the sanctions
        described in section 235 of the Countering America's
        Adversaries Through Sanctions Act (22 U.S.C. 9529) that are not
        already imposed.
            (3) Restrictions on correspondent and payable-through
        accounts.--The President shall prohibit the opening, and
        prohibit or impose strict conditions on the maintaining, in the
        United States, of a correspondent account or payable-through
        account by the financial institution.
    (e) Rule of Construction.--
            (1) Treatment of returns on immobilized russian sovereign
        assets.--
                    (A) In general.--A United States or foreign
                financial institution holding immobilized Russian
                sovereign assets under the Rebuilding Economic
                Prosperity and Opportunity for Ukrainians Act (division
                F of Public Law 118-50; 22 U.S.C. 9521 note) or any
                other provision of law is not required to return any
                interest earned on those assets and due to the Russian
                Federation.
                    (B) Exception for interest earned.--Subparagraph
                (A) shall not be construed as affecting the treatment
                of interest earned on the assets of persons the assets
                of which have been blocked under any provision of law.
            (2) Loans to ukraine using immobilized russian sovereign
        assets.--Sanctions imposed under this section shall not apply
        with respect to payments on--
                    (A) the loans provided by the United States and the
                Group of 7 or the European Union to Ukraine that are
                serviced and repaid with the proceeds of immobilized
                Russian sovereign assets; or
                    (B) any loans from the United States or countries
                that are members of the Group of 7 or the European
                Union made after the date of the enactment of this Act
                using proceeds from immobilized Russian sovereign
                assets.

SEC. 104. IMPOSITION OF SANCTIONS WITH RESPECT TO OTHER ENTITIES OWNED
              OR CONTROLLED BY THE GOVERNMENT OF THE RUSSIAN
              FEDERATION.

    (a) In General.--Not later than 30 days after the date of the
enactment of this Act, and every 180 days thereafter, the President
shall--
            (1) review any entity--
                    (A) in which the Government of the Russian
                Federation may have a controlling or majority ownership
                interest; or
                    (B) that may otherwise be affiliated with the
                Government of the Russian Federation; and
            (2) impose the sanctions described in subsection (b) with
        respect to an entity if the President determines that--
                    (A) the Government of the Russian Federation has a
                controlling or majority ownership interest in the
                entity; or
                    (B) the entity is otherwise affiliated with the
                Government of the Russian Federation.
    (b) Sanctions Described.--The President shall exercise all of the
powers granted to the President under the International Emergency
Economic Powers Act (50 U.S.C. 1701 et seq.) to the extent necessary to
block and prohibit all transactions in property and interests in
property of an entity described in subsection (a) if such property and
interests in property are in the United States, come within the United
States, or are or come within the possession or control of a United
States person.

SEC. 105. PROHIBITION ON TRANSFERS OF FUNDS INVOLVING THE RUSSIAN
              FEDERATION.

    (a) In General.--Except as provided by subsection (b), effective on
the date that is 30 days after the date of the enactment of this Act, a
depository institution (as defined in section 19(b)(1)(A) of the
Federal Reserve Act (12 U.S.C. 461(b)(1)(A))) or a broker or dealer in
securities registered with the Securities and Exchange Commission under
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) may not
process transfers of funds--
            (1) to or from the Government of the Russian Federation,
        including any entity owned by the Government of the Russian
        Federation; or
            (2) for the direct or indirect benefit of officials of the
        Government of the Russian Federation.
    (b) Exception.--A depository institution, broker, or dealer
described in subsection (a) may process a transfer described in that
subsection if the transfer arises from, and is ordinarily incident and
necessary to give effect to, an underlying transaction that is
authorized by a specific or general license.

SEC. 106. PROHIBITION ON LISTING OR TRADING OF RUSSIAN ENTITIES ON
              UNITED STATES SECURITIES EXCHANGES.

    (a) In General.--Not later than 30 days after the date of the
enactment of this Act, the Securities and Exchange Commission shall
prohibit the securities of an issuer described in subsection (b) from
being traded on a national securities exchange.
    (b) Issuers.--An issuer described in this subsection is an issuer
that is--
            (1) an official of or individual affiliated with the
        Government of the Russian Federation; or
            (2) an entity--
                    (A) in which the Government of the Russian
                Federation has a controlling or majority ownership
                interest; or
                    (B) that is otherwise affiliated with the
                Government of the Russian Federation.
    (c) Definitions.--In this section:
            (1) Issuer; security.--The terms ``issuer'' and
        ``security'' have the meanings given those terms in section
        3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)).
            (2) National securities exchange.--The term ``national
        securities exchange'' means an exchange registered as a
        national securities exchange in accordance with section 6 of
        the Securities Exchange Act of 1934 (15 U.S.C. 78f).

SEC. 107. PROHIBITION ON INVESTMENT BY UNITED STATES PERSONS IN THE
              RUSSIAN FEDERATION.

    Effective on the date that is 30 days after the date of the
enactment of this Act, the following are prohibited:
            (1) New investment in the Russian Federation by a United
        States person, wherever located.
            (2) The exportation, reexportation, sale, or supply,
        directly or indirectly, from the United States, or by a United
        States person, wherever located, of any category of services
        identified by the Secretary of the Treasury, in consultation
        with the Secretary of State, to any person located in the
        Russian Federation.
            (3) Any approval, financing, facilitation, or guarantee by
        a United States person, wherever located, of a transaction by a
        foreign person if the transaction by that foreign person would
        be prohibited by this section if performed by a United States
        person or within the United States.

SEC. 108. PROHIBITION ON ENERGY EXPORTS TO, AND INVESTMENT IN ENERGY
              SECTOR OF, THE RUSSIAN FEDERATION.

    (a) Prohibitions on Investment and Exports.--
            (1) In general.--Effective on the date that is 30 days
        after the date of the enactment of this Act, the following are
        prohibited:
                    (A) Any new investment in the energy sector of the
                Russian Federation by a United States person.
                    (B) The export, reexport, or in-country transfer to
                or in the Russian Federation of any energy or energy
                product produced in the United States.
            (2) Definitions.--In this subsection, the terms ``export'',
        ``in-country transfer'', and ``reexport'' have the meanings
        given those terms in section 1742 of the Export Control Reform
        Act of 2018 (50 U.S.C. 4801).
    (b) Sanctions.--The President shall impose the sanctions described
in section 102(e) with respect to any foreign person that the President
determines knowingly sells, supplies, transfers, markets, or otherwise
provides goods, services, technology, or other support that facilitates
the maintenance or expansion of the production of oil, uranium, natural
gas, liquefied natural gas, petroleum, petroleum products,
petrochemical products, coal, or coal products for use by any person
subject to sanctions under section 102 or 103.

SEC. 109. PROHIBITION ON PURCHASE OF SOVEREIGN DEBT OF THE RUSSIAN
              FEDERATION BY UNITED STATES PERSONS.

    Upon the enactment of this Act, the purchase of sovereign debt of
the Government of the Russian Federation by any United States person
(including a United States financial institution) is prohibited.

SEC. 110. PROHIBITION ON PROVISION OF SERVICES TO SANCTIONED FINANCIAL
              INSTITUTIONS BY INTERNATIONAL FINANCIAL MESSAGING
              SYSTEMS.

    (a) In General.--Not later than 30 days after the date of the
enactment of this Act, and every 180 days thereafter, the President
shall--
            (1) review any person that may be described in subsection
        (b); and
            (2) impose sanctions pursuant to the International
        Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) with
        respect to any person the President determines is described in
        that subsection.
    (b) Persons Described.--A person described in this subsection is--
            (1) any entity that--
                    (A) operates with the intent to predominantly
                engage in the business of providing global financial
                messaging services; and
                    (B) is determined by the Secretary of the Treasury,
                in consultation with the Secretary of State, as
                knowingly being used to circumvent any sanctions
                imposed under section 103 or any other provision of
                this title; or
            (2) a leader, official, senior executive officer, or member
        of the board of directors of, or principal shareholder with a
        controlling or majority interest in, any entity described in
        paragraph (1).
    (c) Exception.--The President may waive the imposition of sanctions
under subsection (a) with respect to an entity predominantly engaged in
the business of providing global financial messaging services for,
directly providing such services to, or enabling or facilitating direct
or indirect access to such services for, any financial institution
subject to sanctions under section 103 or any other provision of this
title if--
            (1) the entity--
                    (A) is subject to a sanctions regime under its
                governing foreign law that requires it to eliminate the
                knowing provision of such services to, and the knowing
                enabling and facilitation of direct or indirect access
                to such services for, foreign financial institutions
                identified under such governing foreign law for
                purposes of that sanctions regime if the President
                determines that the sanctions regime under governing
                foreign law is not inconsistent with the economic or
                foreign policy interests of the United States; and
                    (B) has, pursuant to that sanctions regime,
                terminated the knowing provision of such services to,
                and the knowing enabling and facilitation of direct or
                indirect access to such services for, foreign financial
                institutions identified under such governing foreign
                law for purposes of that sanctions regime; or
            (2) the entity provides significant financial messaging
        services to United States financial institutions, as determined
        by the Secretary of the Treasury, in consultation with the
        Secretary of State.
    (d) Rule of Construction.--Nothing in this section shall be
construed to limit the authority of the President pursuant to the
International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).

SEC. 111. PROHIBITION ON IMPORTING, AND SANCTIONS WITH RESPECT TO,
              URANIUM FROM THE RUSSIAN FEDERATION.

    (a) Implementation of Prohibition on Uranium Imports From the
Russian Federation.--Upon the date of the enactment of this Act, the
President shall take all necessary steps to implement the requirements
of section 3112A(d) of the USEC Privatization Act (42 U.S.C. 2297h-
10a(d)) regarding the importation of uranium from the Russian
Federation, including the importation of any uranium from Rosatom State
Atomic Energy Corporation or any subsidiary or successor entity.
    (b) Sanctions.--Beginning on the date described in section
3112A(d)(2)(C) of the USEC Privatization Act (42 U.S.C. 2297h-
10a(d)(2)(C)), and every 180 days thereafter, the President shall
impose sanctions described in section 102(e) with respect to any
leaders, officials, senior executive officers, or members of the board
of directors of, or principal shareholders with a controlling or
majority interest in, Rosatom State Atomic Energy Corporation or any
subsidiary or successor entity.

SEC. 112. INCREASE IN DUTIES ON GOODS IMPORTED FROM THE RUSSIAN
              FEDERATION.

    (a) In General.--Not later than 30 days after the date of the
enactment of this Act, the President shall, notwithstanding any other
provision of law, increase the rate of duty for all goods, including
oil, natural gas, liquefied natural gas, petroleum, petroleum products,
petrochemical products, coal, and coal products, imported into the
United States from the Russian Federation to a rate of up to 500
percent ad valorem.
    (b) Duty Rate in Addition to Other Duties, Fees, Taxes, Exactions,
or Charges.--The rate of duty required under subsection (a) with
respect to a good described in that subsection shall be in addition to
any other duty, fee, tax, exaction, or charge applicable with respect
to the good, including any duty imposed under title VII of the Tariff
Act of 1930 (19 U.S.C. 1671 et seq.), section 122, 201, or 301 of the
Trade Act of 1974 (19 U.S.C. 2132, 2251, and 2411), or section 232 of
the Trade Expansion Act of 1962 (19 U.S.C. 1862).

SEC. 113. DUTIES ON COUNTRIES THAT PURCHASE RUSSIAN-ORIGIN CRUDE OIL OR
              NATURAL GAS OR FACILITATE SANCTIONS EVASION.

    (a) In General.--Not later than 30 days after the date of the
enactment of this Act, the President shall, notwithstanding any other
provision of law, increase the rate of duty for all goods imported into
the United States from a country described in subsection (c) (and only
from a country described in subsection (c)) to a rate of up to 100
percent ad valorem.
    (b) Modification to Rate of Duty.--At any time after the initial
imposition of duties under subsection (a) or (e), the United States
Trade Representative shall modify or adjust any rate of duty imposed
under subsection (a) or (e) to a rate greater than zero and up to 100
percent ad valorem upon submitting a written determination to the
appropriate congressional committees that a country described in
subsection (c) has taken significant steps--
            (1) to increase the importation, sale, supply, transfer, or
        purchase of crude oil or natural gas that originated in the
        Russian Federation; or
            (2) to decrease or cease engaging in the importation, sale,
        supply, transfer, or purchase of such crude oil or natural gas.
    (c) Country Described.--A country described in this subsection is a
foreign country that--
            (1)(A) knowingly made new purchases of crude oil or natural
        gas that originated in the Russian Federation on a date that is
        on or after 30 days after the date of enactment of this Act;
        and
            (B) was among the 5 largest importers, by total volume, of
        crude oil or natural gas that originated in the Russian
        Federation during the most recent 12-month period preceding the
        date of the enactment of this Act; or
            (2) was among the top 5 countries facilitating Russian oil
        sanctions evasion during the most recent 12-month period
        preceding the date of the enactment of this Act.
    (d) Exception.--A duty shall not be imposed under this section with
respect to goods imported from a country described in subsection (c)(1)
for the importation by that country of natural gas that originated in
the Russian Federation if--
            (1) that country's total imports of natural gas that
        originated in the Russian Federation during the 12-month period
        described in subsection (c)(1)(B) were less than 15 percent of
        the total annual exports of natural gas from the Russian
        Federation during that period; and
            (2) that country has taken significant steps to reduce its
        imports of natural gas that originated in the Russian
        Federation.
    (e) Subsequent Determinations.--Not later than 180 days after the
initial imposition of duties under subsection (a), and every 180 days
thereafter, the United States Trade Representative, in consultation
with the Secretary of State and the Secretary of Energy, shall--
            (1) determine, based on the most recent 12-month period
        preceding the determination, the countries that are--
                    (A) the 5 largest importers of crude oil, by total
                volume, originating in the Russian Federation; and
                    (B) the 5 largest importers of natural gas, by
                total volume, originating in the Russian Federation;
                and
            (2) impose duties pursuant to subsection (a) with respect
        to goods imported from those countries.
    (f) Duty Rate in Addition to Other Duties, Fees, Taxes, Exactions,
or Charges.--A rate of duty imposed under this section with respect to
a good imported from a country described in subsection (c) shall be in
addition to any other duty, fee, tax, exaction, or charge applicable
with respect to the good, including any duty imposed under title VII of
the Tariff Act of 1930 (19 U.S.C. 1671 et seq.), section 122, 201, or
301 of the Trade Act of 1974 (19 U.S.C. 2132, 2251, and 2411), or
section 232 of the Trade Expansion Act of 1962 (19 U.S.C. 1862).
    (g) Methodology, Documentation, and Reports.--
            (1) Reports required.--Not later than 10 days before
        imposing a duty under subsection (a) or (e), or modifying or
        adjusting the rate of such a duty under subsection (b), the
        President or the United States Trade Representative shall
        submit to the appropriate congressional committees a written
        justification for the duty that--
                    (A) provides a substantive rationale for the
                determination of the rate of duty imposed under
                subsection (a) or (e) or the modification or adjustment
                made pursuant to subsection (b), as the case may be;
                and
                    (B) details the methodology used to determine that
                the country subject to the duty is a country described
                in subsection (c).
            (2) Determinations of imports of crude oil and natural
        gas.--For the purposes of determining whether a country is an
        importer of crude oil or natural gas described in subsection
        (c)(1)--
                    (A) crude oil is the substance described in
                Harmonized System code 2709; and
                    (B) natural gas is the substance described in
                Harmonized System code 2711.
    (h) Rule of Construction.--Notwithstanding section 115, nothing in
this Act shall be construed to authorize the imposition of duties with
respect to goods imported from any country not expressly described in
subsection (c) or the Russian Federation.
    (i) Definitions.--In this section:
            (1) Appropriate congressional committees.--The term
        ``appropriate congressional committees'' means--
                    (A) the Committee on Finance, the Committee on
                Foreign Relations, and the Committee on Banking,
                Housing, and Urban Affairs of the Senate; and
                    (B) the Committee on Ways and Means, the Committee
                on Foreign Affairs, and the Committee on Financial
                Services of the House of Representatives.
            (2) Countries facilitating russian oil sanctions evasion.--
        The term ``countries facilitating Russian oil sanctions
        evasion'' means countries in which foreign persons are located
        or are operating, or under the laws of which foreign persons
        are organized, if such foreign persons are knowingly engaging
        in transactions, activities, or services that circumvent, or
        assist any third party to circumvent, any sanction related to
        oil that originated in the Russian Federation, including by--
                    (A) providing significant financial or other
                support for the purchase, loading, or shipment of oil
                that originated in the Russian Federation and is
                subject to sanctions; and
                    (B) engaging in any transaction, activity, or
                service related to a shadow fleet vessel that
                transported, is transporting, or is attempting to
                transport oil that originated in the Russian Federation
                and is subject to sanctions.
            (3) Natural gas.--Except as provided by subsection (g)(2),
        the term ``natural gas'' means natural gas, whether unmixed or
        any mixture of natural and artificial gas, including liquefied
        natural gas.

SEC. 114. EXCEPTIONS.

    (a) Exception for Humanitarian Assistance.--
            (1) In general.--Sanctions and other measures under this
        title shall not apply to--
                    (A) the conduct or facilitation of a transaction
                for the provision of agricultural commodities, food,
                medicine, medical devices, humanitarian assistance, or
                for humanitarian purposes; or
                    (B) transactions that are necessary for, or related
                to, the activities described in subparagraph (A).
            (2) Rule of interpretation.--This subsection should be
        interpreted to apply to an entity carrying out any
        internationally recognized agreement with the Government of
        Ukraine for the sale or provision of agricultural commodities,
        food, medicine, or medical devices to and from Ukraine unless
        the President determines that the agreement is being used to
        evade sanctions imposed by the United States, the United
        Kingdom, the European Union, or the Group of 7.
            (3) Definitions.--In this subsection:
                    (A) Agricultural commodity.--The term
                ``agricultural commodity'' has the meaning given such
                term in section 102 of the Agricultural Trade Act of
                1978 (7 U.S.C. 5602).
                    (B) Medical device.--The term ``medical device''
                has the meaning given the term ``device'' in section
                201 of the Federal Food, Drug, and Cosmetic Act (21
                U.S.C. 321).
                    (C) Medicine.--The term ``medicine'' has the
                meaning given the term ``drug'' in section 201 of the
                Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321).
    (b) Exception for Intelligence and Law Enforcement Activities.--
This title shall not apply with respect to activities subject to the
reporting requirements under title V of the National Security Act of
1947 (50 U.S.C. 3091 et seq.) or to carry out or assist any authorized
intelligence or law enforcement activities of the United States.
    (c) Exception To Comply With International Obligations.--Sanctions
under this title shall not apply to the admission or parole of an alien
into the United States if such admission or parole is necessary to
comply with United States obligations under the Agreement between the
United Nations and the United States of America regarding the
Headquarters of the United Nations, signed at Lake Success June 26,
1947, and entered into force November 21, 1947, or under the Convention
on Consular Relations, done at Vienna April 24, 1963, and entered into
force March 19, 1967, or other international obligations.
    (d) Exception To Comply With Civilian Nuclear Cooperation
Agreements.--This title shall not apply to activities carried out under
an agreement for cooperation between the United States and the Russian
Federation entered into under section 123 of the Atomic Energy Act of
1954 (42 U.S.C. 2153).
    (e) Exception for Certain Imports of Low-Enriched Uranium for
Nuclear Reactors.--This title shall not apply with respect to imports
into the United States of low-enriched uranium described in paragraph
(1) of section 3112A(d) of the USEC Privatization Act (42 U.S.C. 2297h-
10a(d)) or medical isotopes for which a waiver has been issued under
paragraph (2) of that section.
    (f) Exception for Official Government Business.--This title shall
not apply to transactions for the conduct of official business of the
United States Government (including transactions necessary for the
operation of the United States embassy or United States consulates in
the Russian Federation) or the United Nations (including its
specialized agencies, programs, funds, and related organizations) by
employees, grantees, or contractors thereof.
    (g) Exception for Non-Russian Oil That Transits Russian
Territory.--This title shall not apply to oil originating in a country
other than the Russian Federation that transits the territory of the
Russian Federation, or to any entity that transports such oil, for
export to international markets.
    (h) General Licenses.--
            (1) In general.--This title shall not apply with respect to
        a United States person that is operating under the terms of a
        general license issued by the Department of the Treasury before
        the date of the enactment of this Act.
            (2) Rule of construction.--Nothing in this title shall be
        construed to affect the terms of a general license described in
        paragraph (1), the authority of United States persons to
        continue to operate under such a license, or the authority of
        the Secretary of the Treasury to extend or issue new general
        licenses.
    (i) Exception for Winddown Operations.--During the 270-day period
beginning on the date of the enactment of this Act, sanctions under
this title shall not apply with respect to--
            (1) an activity related to the winddown or divestiture of
        operations in the Russian Federation by an entity located in
        the Russian Federation that is not owned or controlled,
        directly or indirectly, by a Russian person; or
            (2) an entity located in the Russian Federation that is
        owned or controlled, directly or indirectly, by a United States
        person if that United States person is engaged in good faith
        efforts to winddown or divest operations in the Russian
        Federation, including providing ongoing operational support to
        wind down or divest operations.
    (j) Exception for Safety of Vessels and Crew.--Sanctions under this
title shall not apply with respect to a person providing provisions to
a vessel otherwise subject to sanctions under this title if such
provisions are intended--
            (1) for the safety and care of the crew aboard the vessel;
            (2) for the protection of human life aboard the vessel; or
            (3) to avoid any environmental or other significant damage.
    (k) Exception Relating to Activities of the National Aeronautics
and Space Administration.--
            (1) In general.--This title shall not apply with respect to
        activities of the National Aeronautics and Space
        Administration.
            (2) Rule of construction.--Nothing in this title shall be
        construed to authorize the imposition of any sanction or other
        condition, limitation, restriction, prohibition, or other
        measure, that directly or indirectly impedes the supply by any
        entity of the Russian Federation of any product or service, or
        the procurement of such product or service by any contractor or
        subcontractor of the United States or any other entity,
        relating to or in connection with any space launch conducted
        for--
                    (A) the National Aeronautics and Space
                Administration; or
                    (B) any other non-Department of Defense customer.

SEC. 115. WAIVER.

    (a) In General.--The President may, subject to subsection (b),
waive the application of any sanctions provision with respect to a
foreign person, any restriction with respect to a person, or any duty
under this title.
    (b) Reports Required.--
            (1) In general.--Before issuing a waiver under subsection
        (a), the President shall submit to Congress--
                    (A) a certification in writing that the issuance of
                the waiver is in the national interests of the United
                States; and
                    (B) a report explaining the basis for the
                certification.
            (2) Consolidation of reports.--If the President is issuing
        more than one waiver of a section of this title, the President
        may include, in one report submitted under paragraph (1), the
        certifications and explanations required by that paragraph with
        respect to each such waiver, as long as all of such
        certifications and explanations relate to a waiver of the same
        section of this title.
            (3) Form of report.--Each report required by paragraph (1)
        shall be submitted in unclassified form but may include a
        classified annex.
            (4) Applicability to modifications of certain duty rates.--
        The President is not required to submit a report under
        paragraph (1) for a modification or adjustment of a rate of
        duty pursuant to section 113(b). This paragraph does not modify
        or negate the requirement to submit a written determination
        required by section 113(b) or a report required by section
        113(g)(1).

SEC. 116. SANCTIONS IMPLEMENTATION AND PENALTIES.

    (a) Implementation.--The President may exercise all authorities
provided under sections 203 and 205 of the International Emergency
Economic Powers Act (50 U.S.C. 1702 and 1704) to carry out sections 102
through 111.
    (b) Penalties.--The penalties provided for in subsections (b) and
(c) of section 206 of the International Emergency Economic Powers Act
(50 U.S.C. 1705) shall apply to any person that violates, attempts to
violate, conspires to violate, or causes a violation of any prohibition
under any of sections 102 through 111, or an order or regulation
prescribed under any of such sections, to the same extent that such
penalties apply to a person that commits an unlawful act described in
subsection (a) of that section.

SEC. 117. TERMINATION.

    (a) In General.--Subject to subsection (b), the President may
terminate the application of any sanction with respect to a foreign
person, any restriction with respect to a person, or any duty under
this title, if the President submits to Congress a report--
            (1) certifying in writing that--
                    (A) in the case of the termination of the
                application of a sanction, restriction, or duty with
                respect to a Russian person or the Russian Federation,
                the Russian Federation has--
                            (i) signed a peace agreement that is
                        accepted by the free and independent Government
                        of Ukraine; and
                            (ii) ceased all military hostilities
                        against and any activities to overthrow,
                        dismantle, and subvert the Government of
                        Ukraine; or
                    (B) in the case of the termination of the
                application of a sanction, restriction, or duty with
                respect to any foreign person or foreign country (other
                than a Russian person or the Russian Federation)--
                            (i) the foreign person or the government of
                        the foreign country, as the case may be, is not
                        engaging in the activity that was the basis for
                        the sanctions or other measures being
                        terminated; and
                            (ii) the President has received reliable
                        assurances that the foreign person or the
                        government of the foreign country, as the case
                        may be, will not knowingly engage in activity
                        subject to sanctions or other measures under
                        this title in the future; and
            (2) that includes, in the case of a report not relating to
        the termination of a duty under section 112 or 113, a
        determination of whether the termination is intended to
        significantly alter United States foreign policy with regard to
        the Russian Federation.
    (b) Period for Review by Congress.--
            (1) In general.--During the period of 30 calendar days
        beginning on the date on which the President submits a report
        under subsection (a) with respect to the termination of the
        application of a sanction, restriction, or duty under this
        title, the termination shall not take effect. If, after the end
        of that period, a joint resolution of disapproval with respect
        to the termination has not been enacted into law under
        subsection (c), the termination may take effect.
            (2) Consideration by congress.--During the period described
        in paragraph (1), the appropriate committee of the Senate and
        the appropriate committee of the House of Representatives
        should, as appropriate, hold hearings and briefings and
        otherwise obtain information in order to fully review the
        report.
            (3) Exception.--The period for congressional review under
        paragraph (1) of a report required to be submitted under
        subsection (a) shall be 60 calendar days if the report is
        submitted on or after July 10 and on or before September 7 in
        any calendar year.
    (c) Joint Resolution of Disapproval.--
            (1) Joint resolution of disapproval defined.--In this
        subsection, the term ``joint resolution of disapproval'' means
        only a joint resolution of either House of Congress the sole
        matter after the resolving clause of which is as follows:
        ``That Congress disapproves of the termination of the
        application of section __ of the Lindsey O. Graham Sanctioning
        Russia Act of 2026, with respect to which the President
        submitted a report on ___.'', with the first blank space being
        filled with the appropriate section number and the second blank
        space being filled with the appropriate date.
            (2) Introduction.--During the period of 30 calendar days
        provided for under subsection (b)(1), including any additional
        period as applicable under the exception provided in subsection
        (b)(3), a joint resolution of disapproval may be introduced--
                    (A) in the House of Representatives, by the
                majority leader or the minority leader; and
                    (B) in the Senate, by the majority leader (or a
                designee of the majority leader) or the minority leader
                (or a designee of the minority leader).
            (3) Consideration in house of representatives.--
                    (A) Reporting and discharge.--Any committee of the
                House of Representatives to which a joint resolution of
                disapproval is referred shall report it to the House of
                Representatives without amendment not later than 10
                calendar days after the date of referral. If a
                committee fails to report the joint resolution within
                that period, the committee shall be discharged from
                further consideration of the joint resolution and the
                joint resolution shall be referred to the appropriate
                calendar.
                    (B) Proceeding to consideration.--After each
                committee authorized to consider a joint resolution of
                disapproval reports it to the House of Representatives
                or has been discharged from its consideration, it shall
                be in order to move to proceed to consider the joint
                resolution of disapproval in the House of
                Representatives. All points of order against the motion
                are waived. The previous question shall be considered
                as ordered on the motion to its adoption without
                intervening motion. The motion shall not be debatable.
                A motion to reconsider the vote by which the motion is
                disposed of shall not be in order.
                    (C) Consideration.--The joint resolution of
                disapproval shall be considered as read. All points of
                order against the joint resolution of disapproval and
                against its consideration are waived. The previous
                question shall be considered as ordered on the joint
                resolution of disapproval to its passage without
                intervening motion except 2 hours of debate equally
                divided and controlled by the proponent and an
                opponent. A motion to reconsider the vote on passage of
                the joint resolution of disapproval shall not be in
                order.
            (4) Consideration in the senate.--
                    (A) Committee referral.--A joint resolution of
                disapproval introduced in the Senate shall be referred
                to the appropriate committee of the Senate.
                    (B) Reporting and discharge.--If the appropriate
                committee of the Senate has not reported the joint
                resolution within 10 calendar days after the date of
                referral of the joint resolution, that committee shall
                be discharged from further consideration of the joint
                resolution and the joint resolution shall be placed on
                the appropriate calendar.
                    (C) Proceeding to consideration.--Notwithstanding
                Rule XXII of the Standing Rules of the Senate, it is in
                order at any time after the appropriate committee of
                the Senate reports a joint resolution of disapproval to
                the Senate or has been discharged from consideration of
                such a joint resolution to move to proceed to the
                consideration of the joint resolution, and all points
                of order against the joint resolution (and against
                consideration of the joint resolution) are waived. The
                motion to proceed is not debatable. The motion is not
                subject to a motion to postpone. A motion to reconsider
                the vote by which the motion is agreed to or disagreed
                to shall not be in order. Approval by the Senate of a
                motion to proceed to a joint resolution of disapproval
                shall require the affirmative vote of three-fifths of
                Members of the Senate, duly chosen and sworn.
                    (D) Consideration.--Consideration in the Senate of
                a joint resolution of disapproval and of all debatable
                motions and appeals in connection therewith shall not
                exceed a total of 10 hours, which shall be divided
                equally between the majority and minority leaders or
                their designees. Any debatable motion or appeal is
                debatable for not to exceed 1 hour, to be divided
                equally between those favoring and those opposing the
                motion or appeal.
                    (E) No amendments or motions.--An amendment to a
                joint resolution of disapproval, a motion to postpone,
                a motion to proceed to the consideration of other
                business, or a motion to recommit the joint resolution
                is not in order.
                    (F) Vote on joint resolution.--If the Senate has
                voted to proceed to a joint resolution of disapproval,
                the vote on approval of the joint resolution shall
                occur immediately following the conclusion of
                consideration of the joint resolution, and a single
                quorum call if requested. Approval by the Senate of a
                joint resolution of disapproval shall require the
                affirmative vote of three-fifths of Members of the
                Senate, duly chosen and sworn.
                    (G) Consideration of veto messages.--Consideration
                in the Senate of any veto message with respect to a
                joint resolution of disapproval, including all
                debatable motions and appeals in connection with the
                joint resolution, shall be limited to 10 hours, to be
                equally divided between, and controlled by, the
                majority leader and the minority leader or their
                designees.
            (5) Treatment of house joint resolution in senate.--
                    (A) If, before the passage by the Senate of a joint
                resolution of disapproval, the Senate receives an
                identical joint resolution from the House of
                Representatives, the following procedures shall apply:
                            (i) That joint resolution shall not be
                        referred to a committee.
                            (ii) With respect to that joint
                        resolution--
                                    (I) the procedure in the Senate
                                shall be the same as if no joint
                                resolution had been received from the
                                House of Representatives; but
                                    (II) the vote on passage shall be
                                on the joint resolution from the House
                                of Representatives.
                    (B) If the Senate passes a joint resolution of
                disapproval before receiving a joint resolution of
                disapproval from the House of Representatives, the
                joint resolution passed by the Senate shall be held at
                the desk pending receipt of the joint resolution from
                the House of Representatives. Upon receipt of a joint
                resolution from the House of Representatives that is
                identical to the joint resolution passed by the Senate,
                the Senate shall proceed to its immediate consideration
                and the joint resolution shall be considered read a
                third time and passed and the motion to reconsider be
                considered made and laid upon the table with no
                intervening action or debate.
                    (C) If a joint resolution of disapproval is
                received from the House, and no companion joint
                resolution has been introduced in the Senate, the
                Senate procedures under this subsection shall apply to
                the House joint resolution.
            (6) Rules of house of representatives and senate.--This
        subsection is enacted by Congress--
                    (A) as an exercise of the rulemaking power of the
                Senate and the House of Representatives, respectively,
                and as such is deemed a part of the rules of each
                House, respectively, and supersedes other rules only to
                the extent that it is inconsistent with such rules; and
                    (B) with full recognition of the constitutional
                right of either House to change the rules (so far as
                relating to the procedure of that House) at any time,
                in the same manner, and to the same extent as in the
                case of any other rule of that House.
            (7) Definitions.--In this subsection:
                    (A) Appropriate committee of the house of
                representatives.--The term ``appropriate committee of
                the House of Representatives'' means--
                            (i) with respect to the termination of a
                        duty under section 112 or 113, the Committee on
                        Ways and Means of the House of Representatives;
                            (ii) with respect to the termination of any
                        sanction or restriction under any of sections
                        102 through 111 that is intended to
                        significantly alter United States foreign
                        policy with regard to the Russian Federation,
                        the Committee on Foreign Affairs of the House
                        of Representatives; or
                            (iii) with respect to the termination of
                        any sanction or restriction under any of
                        sections 102 through 111 that is not intended
                        to significantly alter United States foreign
                        policy with regard to the Russian Federation,
                        the Committee on Financial Services of the
                        House of Representatives.
                    (B) Appropriate committee of the senate.--The term
                ``appropriate committee of the Senate'' means--
                            (i) with respect to the termination of a
                        duty under section 112 or 113, the Committee on
                        Finance of the Senate;
                            (ii) with respect to the termination of any
                        sanction or restriction under any of sections
                        102 through 111 that is intended to
                        significantly alter United States foreign
                        policy with regard to the Russian Federation,
                        the Committee on Foreign Relations of the
                        Senate; or
                            (iii) with respect to the termination of
                        any sanction or restriction under any of
                        sections 102 through 111 that is not intended
                        to significantly alter United States foreign
                        policy with regard to the Russian Federation,
                        the Committee on Banking, Housing, and Urban
                        Affairs of the Senate.

                        TITLE II--OTHER MATTERS

SEC. 201. SEVERABILITY.

    If any provision of this Act, or the application of any such
provision to any person or circumstance, is held to be
unconstitutional, the remainder of the provisions of this Act, and the
application of those provisions to any other person or circumstance,
shall not be affected.
                                 <all>

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Status

In Committee

  1. 1Introduced
  2. 2Committee
  3. 3Floor
  4. 4Passed
  5. 5Signed

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