Georgian Fair Business Practices Sanctions Act of 2017

Summary: Georgian Fair Business Practices Sanctions Act of 2017 This bill directs the President to periodically submit to Congress a report: (1) determining whether or not the government of Georgia is undermining commitments or contractual agreements made with U.S. business persons operating in Georgia, and (2) identifying current or former Georgian officials who are responsible for such actions. The report shall include a summary of U.S. government and nongovernment investment in Georgia. If the President determines that Georgia has committed such actions, the President shall impose financial and trade assistance sanctions on the government of Georgia and visa and property blocking sanctions on identified officials.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Georgian Fair Business Practices 
Sanctions Act of 2017''.

SEC. 2. REPORT ON ACTIONS OF THE GOVERNMENT OF GEORGIA TO UNDERMINE 
              COMMITMENTS OR CONTRACTUAL AGREEMENTS MADE WITH UNITED 
              STATES PERSONS ENGAGING IN BUSINESS OPERATIONS IN THE 
              COUNTRY OF GEORGIA.

    (a) In General.--Not later than 90 days after the date of the 
enactment of this Act, and not less frequently than once every 180 days 
thereafter, the President shall submit to the appropriate congressional 
committees a report that--
            (1) includes a determination of the President of whether or 
        not the Government of Georgia is taking actions to undermine 
        the commitments or contractual agreements made with United 
        States persons engaging in business operations in the country 
        of Georgia; and
            (2) identifies foreign persons who are current or former 
        officials of the Government of Georgia who are responsible for 
        any actions described in paragraph (1).
    (b) Information.--The report required under subsection (a) shall 
include--
            (1) a summary of United States Government and nongovernment 
        investment in Georgia; and
            (2) an assessment of the impact of actions described in 
        subsection (a)(1) on the future of United States investment in 
        Georgia.
    (c) Form.--The report required under subsection (a) shall be 
submitted in unclassified form but may include a classified annex.

SEC. 3. IMPOSITION OF SANCTIONS WITH RESPECT TO THE GOVERNMENT OF 
              GEORGIA AND RESPONSIBLE OFFICIALS OF THE GOVERNMENT OF 
              GEORGIA.

    (a) In General.--If the President submits to the appropriate 
congressional committees a report under section 2 that contains an 
affirmative determination of the President as described in subsection 
(a)(1) of such section--
            (1) the President shall impose the sanctions described in 
        subsection (b) with respect to the Government of Georgia; and
            (2) the President shall impose the sanctions described in 
        subsection (c) with respect to current or former officials of 
        the Government of Georgia who are identified in subsection 
        (a)(2) of such section.
    (b) Sanctions With Respect to Government of Georgia Described.--The 
sanctions described in this subsection are the following:
            (1) No loan, credit guarantee, insurance, financing, or 
        other similar financial assistance be extended by any agency of 
        the Government of the United States (including the Export-
        Import Bank of the United States or the Overseas Private 
        Investment Corporation) to the Government of Georgia, except 
        with respect to the provision of humanitarian goods and 
        agricultural or medical products.
            (2) No funds available to the Trade and Development Agency 
        should be available for activities of the Agency in or for 
        Georgia.
    (c) Sanctions With Respect to Responsible Officials Described.--
            (1) In general.--The sanctions described in this subsection 
        are the following:
                    (A) Asset blocking.--The exercise of all powers 
                granted to the President by the International Emergency 
                Economic Powers Act (50 U.S.C. 1701 et seq.) (except 
                that the requirements of section 202 of such Act (50 
                U.S.C. 1701) shall not apply) to the extent necessary 
                to block and prohibit all transactions in all property 
                and interests in property of an individual who is 
                subject to subsection (a)(2) 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.
                    (B) Aliens ineligible for visas, admission, or 
                parole.--
                            (i) Visas, admission, or parole.--An alien 
                        who is subject to subsection (a)(2) is--
                                    (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.).
                            (ii) Current visas revoked.--
                                    (I) In general.--The issuing 
                                consular officer, the Secretary of 
                                State, or the Secretary of Homeland 
                                Security shall revoke any visa or other 
                                entry documentation issued to an alien 
                                who is subject to subsection (a)(2), 
                                regardless of when issued.
                                    (II) Effect of revocation.--A 
                                revocation under subclause (I) shall 
                                take effect immediately and shall 
                                automatically cancel any other valid 
                                visa or entry documentation that is in 
                                the possession of the alien.
            (2) 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 a person 
        that violates, attempts to violate, conspires to violate, or 
        causes a violation of regulations prescribed under paragraph 
        (1)(A) to the same extent that such penalties apply to a person 
        that commits an unlawful act described in subsection (a) of 
        such section 206.

SEC. 4. TERMINATION OF SANCTIONS.

    The sanctions described in section 3 shall cease to have effect 
beginning on the day after the date on which the President submits to 
the appropriate congressional committees a report under section 2 that 
contains a negative determination of the President as described in 
subsection (a)(1) of such section.

SEC. 5. DEFINITIONS.

    In this Act:
            (1) Admitted; alien.--The terms ``admitted'' and ``alien'' 
        have meanings given those terms in section 101 of the 
        Immigration and Nationality Act (8 U.S.C. 1101).
            (2) Appropriate congressional committees.--The term 
        ``appropriate congressional committees'' means--
                    (A) the Committee on Foreign Affairs, the Committee 
                on Armed Services, the Committee on Homeland Security, 
                the Committee on Financial Services, and the Committee 
                on Ways and Means of the House of Representatives; and
                    (B) the Committee on Foreign Relations, the 
                Committee on Armed Services, the Committee on Homeland 
                Security and Governmental Affairs, and the Committee on 
                Banking, Housing, and Urban Affairs of the Senate.
            (3) Entity.--The term ``entity''--
                    (A) means a partnership, association, corporation, 
                or other organization, group, or subgroup; and
                    (B) includes a governmental entity.
            (4) Person.--The term ``person'' means an individual or 
        entity.
            (5) United states person.--The term ``United States 
        person'' means a United States citizen, permanent resident 
        alien, entity organized under the laws of the United States 
        (including foreign branches), or a person in the United States.